In early 2009, we began as a proposition on paper, with the single goal of bringing solutions to the Microfinance sector. Thanks to the investors (Intellecap) for believing in a concept that was just a spreadsheet 9 months ago. Thank you to all clients for your faith in a new concept. Thanks to the students who had complete faith in us and trusted their careers to us (we are glad we could deliver on what we promised you). All team members of MTA who have worked hard to do all of the above – the success of MTA is the biggest form of recognition and appreciation for you.
Today MTA has a monthly capacity of training and deploying 500 Loan Officers. We look forward to scaling this capacity further, as we know that the microfinance sector needs much more than this.
We have grown from 1 single location in Jaipur, Rajasthan to a presence in 9 locations across 5 states today. Knowing that this is not enough, we will continue to identify and grow into new geographies this year.
Thank you to all those who have supported us through your thoughts, suggestions and good wishes. We look forward to meeting and exceeding your expectations in 20 10.
As the MFI sector continues to grow, and fast growing organizations face the challenge of ramping up operations, one key question faced by every CEO is – For every month of delay in opening a branch – what is the loss incurred ? Also if there is an opportunity cost – how much is it ?
While the formulae could be a fancy equation with many variables, one could the “Back of the envelope version” to get at a number.
For us at MTA, this is an important area of discussion, as most of the times we see that branch expansions are being held up due to lack of staff. Recruitment cycles are painfully long and the demand on existing management bandwidth is huge.
Srijan by Intellecap, is an annual competition for entrepreneurs that have an innovative plan to address the resource and infrastructure challenges faced by the microfinance sector. Srijan aims to foster entrepreneurship, invigorate the microfinance sector, uncover new approaches to development issues, and build an enabling environment for future entrepreneurs, as well as to create an inclusive financial sector.
MTA is pleased to announce the launch of operations in Madhya Pradesh. M.P. is seeing a rapid increase in new microfinance institutions launching operations. Other than national players expanding their operations, there is also many new MFIs that are starting up in the state.
MTA is now positioned to source, train and deploy resources in Rajasthan, Uttar Pradesh and Madhya Pradesh.
Contact MTA – email info at microfinancetraining.com
Sylvia Ann Hewlett in her blog at HBR, has an interesting post on what companies can do to rescue morale. She talks about 2 interesting partnerships between corporate America and organizations in the social sector.
This table ranks 104 countries, according to their overall abilities to foster the nine drivers of prosperity. It also provides the breakdown of the sub-index performances that lead to the overall rank.
A concept that Microfinance Training Academy has pioneered in the microfinance space – Organizations should hire trained employees, rather than untrained ones. While seemingly obvious, the sector could not pursue this track as there were no providers available offering this service.
The responses we had from most of the stakeholders we met at the Microfinance India Summit were on the lines of – We needed something like this !
The MTA team has been overwhelmed and very encouraged by the responses, new engagements and the overall level of support at the summit. We are excited about the future and look forward to meeting the expectations of the sector.
Social business advisory firm Intellecap, in association with microfinance equity fund Aavishkaar Goodwell, will hold SRIJAN, a microfinance and financial inclusion event in Mumbai on Dec. 8, 2009.
The forum will have debates on some of the most challenging issues facing microfinance and financial inclusion.
SRIJAN 2009 Forum will bring forth new issues such as comparison between microfinance and subprime, the conflict between social and financial returns, and whether those responsible to make financial inclusion happen, are working hard enough.
The speakers include among others, Samit Ghosh (Ujjivan), Elizabeth Littlefield (CGAP), Nick O’ Donohoe (JP Morgan), Suresh Gurumani (SKS Microfinance), Graham Wrigley (Aureous Venture Fund), Harinder Sawhney (JM Financial), PN Vasudevan (Equitas), Philip Vassiliou (Legatum Ventures), Vineet Rai (Aavishkaar/Intellecap) and Wim van der Beek (Aavishkaar Goodwell).
A key aspect of the event will be the fourth annual SRIJAN Awards, that recognize innovation, social impact, transparency and client focus in financial inclusion at this forum, will be given. Nominations for the awards will be open from Sept. 25, 2009.
For details on registrations, nominations, and partnership opportunities please contact: Ms. Rashmi Pillai Email: srijan2009@intellecap.com Phone: +91-22-4035 9222