StanChart’s risk management toolkit for microloans

Posted by BankInfo on Fri, Dec 24 2010 06:15 am

Standard Chartered Bank and MicroSave have launched a risk management toolkit for micro-finance institutions in partnership with Credit and Development Forum (CDF).

The toolkit aims to sup-port microfinance in Bangladesh and strengthen relationship with stakeholders, StanChart said in a statement yesterday.

The toolkit will be gradually disseminated to MFIs across the globe and cover the management of credit, operational, financial and strategic risks. It comprises 'ready-to-use' training material.

Rozina Razzak, director and head of development organisations for StanChart, and Mosharrof Hossain, chairman of CDF, emphasised the importance of the toolkit and the reasons for supporting such activity.

Shafiqual Haque Choudhury, president of ASA, was present as the chief guest and formally declared the launch of the toolkit, followed by a panel discussion. Joseph Silvanus, regional head for development organisations in Southern Asia of StanChart, moderated the discussion.

“We have spent a lot of time and resources and engaged MicroSave, a leading technical assistance agency to develop this toolkit,” said Tanveer Ahmed, associate director of Standard Chartered.

This is part of a series of efforts that have been made by StanChart to strengthen the development organisations sector globally, he added.

Source: The Daily Star

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