| History | |
| AMFA Members | |
| AMFA Audit Report | |
| AMFA Staff | |
| AMFA Governance Board | |
| Memorandum of Understanding | |
| Publication | |
| Strategy Plan |
Strategy Plan
AMFA's Mission:
"To strengthen the capacity of micro-finance institutions and to promote effective collective action in advancing the interests of the micro-finance community."
Capacity of MFIs means empowering and enabling MFIs to respond to the market trends, supporting them in institutional building and expanding their knowledge base and skills.
Effective Collective Action means following best practice in microfinance (CGAP) like fraud prevention, collective decision making (subsidized product development) and a unified voice in the market place.
AMFA Vision:
To promote and lead the best practices & sustainability of our members, and to support our broad membership within the dynamic microfinance industry
AMFA's Strategy
To establish AMFA as a self-sustaining organization, through its 3 strategic pillars strategy. The basic of AMFA's strategic pillars is closely tied to growing its unrestricted revenues, through innovative products and services and strategic partnerships.
AMFA's 3 Strategic Pillars
In efforts to focus AMFA's business strategy and operations, AMFA has developed 3 strategic pillars that are the foundation of its membership and its strategic plan for the next 3 years. These strategic pillars are also the basis of AMFA?s operating budget and day-to-day operations:
- Innovative Products and Services
- Develop leading edge, demand-driven products and services for our membership.
- Focus on revenue generating products and services that promotes AMFA's sustainability.
- Continuing Education
- Ensure members have access to international MF expertise.
- Develop in house training using local talent.
- Continuously upgrade and enhance the skill set of our member base.
- Industry Expertise
- Be recognized as the "industry experts" of the MFI by governments, MFIs and the financial community
- Offer leading edge market research and benchmarking studies that demonstrate AMFA's expertise
AMFA's Target Market:
Because of the large and medium MFIs make up the majority of its membership base, AMFA's services are primarily focused on these two market segments. This is a significant shift from AMFA's current strategy which was to serve all the needs of its members. However, the 2008-2009 strategic plan was a turning point for AMFA in that it realized that having a laser focus on in moving forward its 3 strategic pillars us with a roadmap to becoming a leader in the industry.
There are three reasons why AMFA has decided to strategically focus on these two groups:
- These segments have the funds and resources to support and pay for revenue generating strategic initiatives, therefore promoting AMFA's self-sustainability vision.
- These segments are in a position to promote and set the standard for best practices within the microfinance industry.
- AMFA can also add the most value to these segments through its 3 strategic pillars.
AMFA's Strategic Pillar Focus for 2008-2009
Focus on Talent Management and Retention
- Retention will become a larger part of AMFA's strategy to lay the foundation for AMFA's sustainability.
- Performance metrics need to be developed to ensure that employees are efficient and effective.
- Incentive structure needs to be in place to help develop and motivate employees.
- Detailed job descriptions need to be developed to ensure that staff are functioning at an optimal level and are efficient.
- Develop a working environment with ample opportunities for employees to grow, therefore preparing AMFA to be employer of choice for 2010.
Rigorous Financial Management
- A profit and loss business case will be run on all initiatives moving forward to understand revenue contribution to unrestricted revenue.
- Loan Officer Internship Program
- CIPA Training
- Local/international training courses
- Annual AMFA Award Dinner
- 4th Annual MF Conference
- Tiered pricing will be proposed to the membership to cover increased operating expenses (due to an increase in staff).
- Rigorous revenue and operating expenses accounting and tracking will be implemented to more effectively product reporting and manage overall operations.
- Cash flow planning will be managed on a monthly basis to reduce business volatility.
Working With Our Strategic Partners
AMFA is excited about the 2008 strategic initiatives and welcomes any opportunities to work with strategic partners. AMFA considers a strategic partner an agency or corporation that has a social mission to improve the microfinance industry and where its overall mission aligns with AMFA's overall mission statement. We are looking for partners that can provide financial support to AMFA so that we can realize our outlined strategic initiatives.
We believe that working together with our strategic partners should be a 'win-win' situation. Therefore we have outlined a few strategic partner mission statements, and how it aligns with AMFA's overall strategy.