Tabs navigation
The shifting paradigm in microfinance — the case of Get Ahead's Stokvel Lending Programme
This article describes the recent turn around experienced by South Africa's largest NGO microlending programme. In 1993, Get Ahead's Stokvel Lending Programme was in trouble: 50 per cent of the portfolio had to be written off, employee morale reached rock bottom, and costs were toohigh for the portfolio size. By 1996 the programme had nearly 10 000 active borrowers and an annual loan loss rate of less than 3 per cent. Cost ratios and staff morale have significantly improved. Get Ahead's shift to the new paradigm in microfinance, while not complete, provides some interesting
lessons for the microfinance community.
This article describes the recent turn around experienced by South Africa's largest NGO microlending programme. In 1993, Get Ahead's Stokvel Lending Programme was in trouble: 50 per cent of the portfolio had to be written off, employee morale reached rock bottom, and costs were too
high for the portfolio size. By 1996 the programme had nearly 10 000 active borrowers and an annual loan loss rate of less than 3 per cent. Cost ratios and staff morale have significantly improved. Get Ahead's shift to the new paradigm in microfinance, while not complete, provides some interesting
lessons for the microfinance community.
high for the portfolio size. By 1996 the programme had nearly 10 000 active borrowers and an annual loan loss rate of less than 3 per cent. Cost ratios and staff morale have significantly improved. Get Ahead's shift to the new paradigm in microfinance, while not complete, provides some interesting
lessons for the microfinance community.
Success Factors of Microfinance Institutions: State of the Art and Research Agenda
Pinz, Alexander
Helmig, Bernd
VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations, Vol. 26 (2015), Iss. 2 P.488
https://doi.org/10.1007/s11266-014-9445-2 [Citations: 9]Leadership and Group Management: Key Success Factors for Microfinance Institutions in Chaiyaphum Province, Thailand
Detthamrong, Umawadee
Nguyen, Lan Thi
Chansanam, Wirapong
Sustainability, Vol. 15 (2023), Iss. 14 P.11192
https://doi.org/10.3390/su151411192 [Citations: 1]Local economic development: Policy and practice in South Africa
Nel, Etienne L
Humphrys, Graham
Development Southern Africa, Vol. 16 (1999), Iss. 2 P.277
https://doi.org/10.1080/03768359908440077 [Citations: 13]Tabs navigation
- Value chain financing: evidence from Zambia on smallholder access to finance for mechanization
- Developing agro-pastoral entrepreneurship: bundling blended finance and technology
- Building frontline market facilitators' capacity: the case of the ‘Integrating Very Poor Producers into Value Chains Field Guide’
- Boosting financial inclusion through social assistance reform: evidence-based approach in selecting a payment system
- Impact of COVID-19 on livestock exports from Somalia and the Horn of Africa
Browse our other journals
