This post is also available in: Tiếng Việt (Vietnamese)
IFC, with MicroSave, will be holding a 4-day workshop (from April 16th – April 20th) for microfinance institutions (MFIs) in Vietnam in collaboration with the Vietnam Microfinance Working Group that will focus on enabling leaders from MFIs in Vietnam to get a deep insight into Startegic Business Planning
Background
Microfinance is key to supporting the poor and low-income households in middle- and low-income countries to engage in economic activity and in turn support financial inclusion of poor communities. Globally, Micro Finance Institutions (MFIs) have transitioned into for-profit microfinance institutions and regulated microfinance banks worldwide with a variety of funding sources and more diverse products and delivery channels to increase outreach to the communities and micro-entrepreneurs. Vietnam’s microfinance sector is evolving in line with the global trend and moving away from the decades-old NGO-model to a more commercially-oriented industry. A key aspect for the Vietnam Microfinance sector to make this transition successfully is to enhance the capacity of the MFIs of Vietnam to be able to strategically plan their future operations and activities to meet the goals and objectives they set for themselves.
Strategic business planning allows financial institutions to consider future scenarios and outcomes in advance and to decide which ones that they want to make happen. Such thinking and planning beforehand can help financial institutions make better decisions about their programmes and services and as a result better meet the needs of its clients. Simply put, strategic business planning puts financial institutions in a better position to accomplish what they set out to do, especially in the future. Thus, strategic business planning, is a tool for organising the present on the basis of the projections of the desired future – it is a road map to lead an organisation from where it is now to where it would like to be in five or ten years.
Objectives
IFC, with MicroSave, will be holding a 4-day workshop for microfinance institutions (MFIs) in Vietnam in collaboration with the Vietnam Microfinance Working Group that will focus on enabling leaders from MFIs in Vietnam to get a deep insight into Startegic Business Planning. Strategic business planning is a disciplined and pragmatic approach that organisations can use to make decisions now about the future. It enables them to make more informed choices and decisions, set future directions, establish priorities, allocate limited resources, improve operations and monitor results.
The workshop will focus on building the capacities of microfinance professionals and practitioners in Vietnam in determining their core functions and objectives/goals which gives financial institutions a focus – a focus that allows them to plan activities, assign priorities and apply resources to move them from where they are now in the present to where they want to be in the future.
The Workshop shall address the following topics and other concern areas:
| Developing Strategic Business Plans for MFIs using the KOGMA Approach |
| Overview and Understanding of undertaking Financial Projections for MFIs from a strategic perspective |
| The Workshop shall address the following topics: |
The workshop is tailored specifically for senior management and business executives of microfinance institutions in Vietnam who are keen on expanding their business through approapriate strategic business planning. The workshop will enable the decision makers at MFIs to understand the process of strategic planning as equip them with suitable analysis frameowrks and tools that will enable them to better analyse their objectives, comeptitors and the overall market.
Please check the detailed agenda of the training workshop: ENG_Brochure_Agenda-Hanoi-16-19-April-2018