The Technical Assistance (TA) facility for the BlueOrchard-managed Microfinance Initiative for Asia (MIFA) Fund has collaborated with a leading consultancy, Inspiring Development, to develop a Covid-19 training program for MFIs. This program will be available to investees across a range of BlueOrchard funds.
The training program is made up of a series of capacity-building webinars, which focus on the topics of business continuity, liquidity management, cost reduction, and long-term recovery measures, as well as individual coaching and executive mentoring. The first training series took place in May, and more modules will follow between June and September 2020.
Capacity building and governance enhancement are integral parts of BlueOrchard’s overall investment approach. BlueOrchard’s is goal is to support businesses in developing commercial sustainability and enhancing operations in pursuit of enhanced impact. A wide range of TA services exists to support institutional strengthening, with a focus on the quality of the credit process, risk management and internal audit, strategic and business planning, operational efficiency, social performance management, marketing, and product rollout, and training of the investees’ employees on several topics.
The MIFA Technical Assistance (TA) facility is financed by KFW (the German Development Bank), on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ).