AFMIN's Program to Build Shared Performance Indicators and Standards

This paper describes the discussions held at a workshop, organized by the Africa Microfinance Network (AFMIN), to develop shared performance indicators and standards for its members. The paper presents:

• The background of the workshop and its objectives;
• The expectations of the participants;
• The details of the opening ceremony;
• A survey on the implementation of AFMIN's program on performance indicators.

It states that the participants discussed:

• Their experiences and challenges in implementing AFMIN performance indicators;
• Success factors that contribute to and lessons learnt about Performance monitoring initiatives for networks;
• Trends in the performance of African microfinance institutions (MFIs);
• Training modules;
• Prudential norms required by MFIs;
• Field visits.

The paper concludes by listing the following workshop conclusions and recommendations:Conclusions:

• All networks are not at the same levels of implementation;
• The performance indicators aim to promote transparency and standardization;
• There is a lack of training, computerization, and information, human and financial resources.

Recommendations:

• AFMIN should:
  • Help members identify an appropriate system to use;
  • Inform members about reporting;
  • Prepare a regional program;
  • Provide training.
• Country Level Networks (CLNs) should:
  • Commit to collecting data and disseminating information;
  • Develop tools for monitoring performance standards;
  • Train members to use the tool.
• MFIs should: Submit regular information to networks.