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18th Microcredit Summit

Md. Abdul AwalExecutive Director, Credit and Development Forum

(CDF), BangladeshAbu Dhabi, 14-17 March 2016

“Creating a collaborative platform for Capacity Building in Financial Inclusion”

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Credit and Development Forum (CDF) A National Network of Microfinance

Institutions(MFIs) of Bangladesh established in 1992.

Key areas include:- Capacity Building Services- Network, Lobby, Advocacy & Research- Information dissemination- Facilitating MFIs access to funding

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Bangladesh Microfinance IndustrySL. Content Number/Amount

1. Number of MFIs 7002. Number of

Branches/Unit18,000

3 Number of credit staffs 134,0003. Number of Clients (in

million)30

4. Yearly disbursement (in Billion US$)

87.04

5. Outstanding (in Billion $)

55.40

6. Repayment rate (in %) 99.00

Source: Bangladesh Microfinance Statistices-2014

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United Nations defines financial inclusion as the “access to the range of financial services at a reasonable cost for the bankable people and farms”.

World Bank estimates 2.5 billion working-age adults globally have no access to formal financial services delivered by regulated financial institutions.

Basic financial services include savings, short and long-term credit, leasing and factoring, mortgages, insurance, pensions, payments, local money transfers and international remittances.

The ACCION-affiliate Center for Financial Inclusion (CFI) argues that quality financial services in a full inclusive financial system would be provided at affordable prices, in a convenient manner, and with dignity for the clients.

Financial inclusion has direct relationship with access to finance. Access to finance refers to the right of entry of individuals or enterprises to financial services including credit, deposit, payment, and other financial services.

People who have no access to financial services are un-banked and those who have limited access are under-banked.

One of the major goals of financial inclusion is the delivery of financial services to the disadvantaged and low-income segments of society at affordable costs.

Definitions

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In fact, Microfinance is the best example of Financial Inclusion.

Our 700 regulated MFIs are reaching out 30 million poor people and providing them financial services.

Wonderful innovations are taking place to bring un-served poor within inclusive finance. Example are:-

14 million Bank Accounts for the poor and poor/tenant farmers with initial deposit of BDT equivalent of Ten cents; creating a Fund by them for BDT

equivalent of US$ 25 million; finance to micro entrepreneur; finance to sharecroppers; mobile financial services; introducing school banking; bank accounts for the street children

disables etc.

Microfinance and other inclusive finances

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CDF’s own and collaborative TrainingsTailor- made training Programs

CDF’s own training Programs

Collaboration with…

Handling of Clients

Small and medium Enterprise (SME)

Palli Karma-Sahayak Foundation (PKSF)

Customer Service

Small Business Analysis

Smart Campaign –USA

Small and medium Enterprise (SME)

Financial Management Training

Microfinance Center (MFC)-Poland

Micro Finance Operations and Management

Micro Finance Operations and Management

Bangladesh NGO Foundation (BNF)

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CDF’s own and collaborative TrainingsTailor made trainings

CDF’s own training

Collaboration with…

Monitoring, Supervision and Evaluation

Monitoring, Supervision and Evaluation

Institute of Microfinance (InM)

Internal Audit Toolkits

Risk Management Toolkits

Bangladesh Extension Education Services (BEES)

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CDF’s own and collaborative TrainingsTailor made trainings CDF’s own training Collaboration with…Basic Bookkeeping and Accounting Management

Internal Audit Toolkits Sajida Foundation,Muslim Aid Bangladesh

Client Protection PrinciplesSocial Performance Management

Basic Accounting training for MFIs

Good Governance Savings and Micro Credit Management

Communication Development Training of Trainer (TOT)

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WITHOUT INNOVATION,YOU WOULD NOT HAVE INCLUSION

Thank you ladies and gentlemen for your patience and understanding