Madagascar - Savings and Loans

The first savings and loan associations (SLAs - mutuelles d'epargne et de credit) were established in Madagascar in 1993 under a pilot project supported by the World Bank. By the time the project closed in December 1997, 54 SLAs had been estab...

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Main Author:	World Bank
Format:	Brief
Language:	English
Published:	Washington, DC 2012
Subjects:	ACCOUNTING ACCOUNTING SYSTEMS AGRICULTURAL BANK BANKING SECTOR BENEFICIARIES CAPITAL FUNDS CREDIT EXTENSION CREDIT OUTSTANDING DEMAND FOR CREDIT DEPOSIT DEPOSIT MOBILIZATION DEPOSITS FINANCIAL MANAGEMENT FINANCIAL REPORTING FINANCIAL SERVICES GROSS DOMESTIC PRODUCT LINES OF CREDIT LOAN LOAN PORTFOLIO LOAN SIZE MICROFINANCE MICROFINANCE INSTITUTIONS MOBILE BANKING OUTSTANDING LOAN REMOTE AREAS REPAYMENT REPAYMENT RATES SAVINGS SHORT-TERM LOANS
Online Access:	http://documents.worldbank.org/curated/en/1998/09/13743299/madagascar-savings-loans http://hdl.handle.net/10986/9886

id	okr-10986-9886
recordtype	oai_dc
spelling	okr-10986-98862021-04-23T14:02:47Z Madagascar - Savings and Loans World Bank ACCOUNTING ACCOUNTING SYSTEMS AGRICULTURAL BANK BANKING SECTOR BENEFICIARIES CAPITAL FUNDS CREDIT EXTENSION CREDIT OUTSTANDING DEMAND FOR CREDIT DEPOSIT DEPOSIT MOBILIZATION DEPOSITS FINANCIAL MANAGEMENT FINANCIAL REPORTING FINANCIAL SERVICES GROSS DOMESTIC PRODUCT LINES OF CREDIT LOAN LOAN PORTFOLIO LOAN SIZE MICROFINANCE MICROFINANCE INSTITUTIONS MOBILE BANKING OUTSTANDING LOAN REMOTE AREAS REPAYMENT REPAYMENT RATES SAVINGS SHORT-TERM LOANS The first savings and loan associations (SLAs - mutuelles d'epargne et de credit) were established in Madagascar in 1993 under a pilot project supported by the World Bank. By the time the project closed in December 1997, 54 SLAs had been established in four regions, Toamasina, Lac Alaotra, Fianarantsoa and Haute-Mania, and they had started to group themselves into regional unions. The lessons learned from this pilot project are being factored into the preparation of the follow-up project. The main lesson is that it takes more effort to maintain and develop Microfinance Institutions (MFIs) than to create them. The enthusiasm of donors to provide assistance in microfinance and the lack of readiness of the government to receive it resulted in duplications and contradictions. These can be avoided in the future by a well-defined national strategy on microfinance. To progress towards self-sustainability, MFIs must also move into urban areas where population density helps to lower the costs of delivering financial services and where savings can be more readily mobilized to support growth. 2012-08-13T09:47:47Z 2012-08-13T09:47:47Z 1998-09 http://documents.worldbank.org/curated/en/1998/09/13743299/madagascar-savings-loans http://hdl.handle.net/10986/9886 English Africa Region Findings & Good Practice Infobriefs; No. 32 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Publications & Research :: Brief Publications & Research Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTING ACCOUNTING SYSTEMS AGRICULTURAL BANK BANKING SECTOR BENEFICIARIES CAPITAL FUNDS CREDIT EXTENSION CREDIT OUTSTANDING DEMAND FOR CREDIT DEPOSIT DEPOSIT MOBILIZATION DEPOSITS FINANCIAL MANAGEMENT FINANCIAL REPORTING FINANCIAL SERVICES GROSS DOMESTIC PRODUCT LINES OF CREDIT LOAN LOAN PORTFOLIO LOAN SIZE MICROFINANCE MICROFINANCE INSTITUTIONS MOBILE BANKING OUTSTANDING LOAN REMOTE AREAS REPAYMENT REPAYMENT RATES SAVINGS SHORT-TERM LOANS
spellingShingle	ACCOUNTING ACCOUNTING SYSTEMS AGRICULTURAL BANK BANKING SECTOR BENEFICIARIES CAPITAL FUNDS CREDIT EXTENSION CREDIT OUTSTANDING DEMAND FOR CREDIT DEPOSIT DEPOSIT MOBILIZATION DEPOSITS FINANCIAL MANAGEMENT FINANCIAL REPORTING FINANCIAL SERVICES GROSS DOMESTIC PRODUCT LINES OF CREDIT LOAN LOAN PORTFOLIO LOAN SIZE MICROFINANCE MICROFINANCE INSTITUTIONS MOBILE BANKING OUTSTANDING LOAN REMOTE AREAS REPAYMENT REPAYMENT RATES SAVINGS SHORT-TERM LOANS World Bank Madagascar - Savings and Loans
geographic_facet	Africa
relation	Africa Region Findings & Good Practice Infobriefs; No. 32
description	The first savings and loan associations (SLAs - mutuelles d'epargne et de credit) were established in Madagascar in 1993 under a pilot project supported by the World Bank. By the time the project closed in December 1997, 54 SLAs had been established in four regions, Toamasina, Lac Alaotra, Fianarantsoa and Haute-Mania, and they had started to group themselves into regional unions. The lessons learned from this pilot project are being factored into the preparation of the follow-up project. The main lesson is that it takes more effort to maintain and develop Microfinance Institutions (MFIs) than to create them. The enthusiasm of donors to provide assistance in microfinance and the lack of readiness of the government to receive it resulted in duplications and contradictions. These can be avoided in the future by a well-defined national strategy on microfinance. To progress towards self-sustainability, MFIs must also move into urban areas where population density helps to lower the costs of delivering financial services and where savings can be more readily mobilized to support growth.
format	Publications & Research :: Brief
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Madagascar - Savings and Loans
title_short	Madagascar - Savings and Loans
title_full	Madagascar - Savings and Loans
title_fullStr	Madagascar - Savings and Loans
title_full_unstemmed	Madagascar - Savings and Loans
title_sort	madagascar - savings and loans
publisher	Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/1998/09/13743299/madagascar-savings-loans http://hdl.handle.net/10986/9886
_version_	1764411023829237760

Madagascar - Savings and Loans

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