Management and Business Coaches Needed in Microfinance

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Management and Business Coaches Needed in Microfinance
ELLIOTT S N, Student (MBA), Cameroon

Microfinance institutions in Cameroon need management coaches. Very rapidly you find microfinance institutions opening up and in a short while, usually after the first 5 years, they close down.
Reports show that more than 90 percent of microfinance problems are internal, and of the internal problems, over 80 percent are management-related.
Managers (including the board of directors) are not well trained and informed about the potential of this emerging sector.

Microfinance: a Risk of More Exclusion Than Inclusion!
Chouaibou Njankouo, Business Consultant, Cameroon
Refer to Cameroon microfinance experience, if some dispositions aren't taken, this issue can deserve than serve:
- A good structural/functional study of where you find the majority of microfinance clients must be made: basic socio-cultural values, nature and Hierarchy of Needs, mainly, for a good program adaptadion and training for the targeted poor people, likely to be poor certainly in other issues;
- An effective regulation role of the state through the monetary authority, among others: suitable assessment of investors profiles link to education and ethic values, proper micro projects analysis, permanent management control to keep the opening/closing of microfinance institutions at the normal rates, cohabitation microfinance-formal financial/banking services follow up in order to avoid any imbalance likely to affect the general economic situation.
Otherwise, we'll face the reverse of the microfinance aim: more exclusion instead of inclusion in the financial/banking system.



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