Accreditation in Microfinance / Financial Inclusion

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Accreditation in Microfinance / Financial Inclusion
Dr Can Veldet
Has anyone established a MF or FI platform to help poor communities? I am looking to be part of such organisation. In Germany we have ways of getting accredited but it is quite long and bureaucratic. Any creative idea how to go fast in a legal way and serve the objective? Thx for any reaction.

Financial Inclusion (with the Accreditation)
Michael Neilson, Member
Hi Can, we have found that the best way of tackling poverty in deprived communities is a three-pronged approach:
1. We promote the use of credit unions as an alternative to less attractive forms of credit (for example, unlicensed lenders),
2. We promote low-cost home contents insurance, and
3. We encourage individuals to consider cheaper fuel (ie gas and electricity - this can have a significant impact on a low-income household).
While this is usually done in a structured manner, the principle is easily transferred and can be tailored to suit the needs of an individual or community (or indeed, a country!).



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