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  • Community-Managed Savings and Credit Associations

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    This document outlines the training system for community-managed savings and credit associations (CoMSCAs). It describes the three-stage delivery system for CoMSCA training, including an initial preparatory phase, 9 training sessions over 1 year, and 3 follow-up phases of supervision. It also discusses moving CoMSCAs to scale through different delivery methods and the need for financial services to reach the poorest communities. The conclusions state that CoMSCA programs can effectively and sustainably provide financial services to large numbers of rural and urban poor at a relatively low cost compared to traditional microfinance institutions.

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    Original Title

    CMSC Delivery

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    This document outlines the training system for community-managed savings and credit associations (CoMSCAs). It describes the three-stage delivery system for CoMSCA training, including an initial preparatory phase, 9 training sessions over 1 year, and 3 follow-up phases of supervision. It also discusses moving CoMSCAs to scale through different delivery methods and the need for financial services to reach the poorest communities. The conclusions state that CoMSCA programs can effectively and sustainably provide financial services to large numbers of rural and urban poor at a relatively low cost compared to traditional microfinance institutions.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
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    23 views15 pages

    Community-Managed Savings and Credit Associations

    Uploaded by

    lorefy
    This document outlines the training system for community-managed savings and credit associations (CoMSCAs). It describes the three-stage delivery system for CoMSCA training, including an initial preparatory phase, 9 training sessions over 1 year, and 3 follow-up phases of supervision. It also discusses moving CoMSCAs to scale through different delivery methods and the need for financial services to reach the poorest communities. The conclusions state that CoMSCA programs can effectively and sustainably provide financial services to large numbers of rural and urban poor at a relatively low cost compared to traditional microfinance institutions.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 15

    Community-managed

    savings and credit


    associations
    CoMSCAs: How they work
    and the training system

    How does A CoMSCA Work


    The Kit

    How does A CoMSCA


    Work Starting Balances

    How does A CoMSCA


    Work Share Savings

    How does A CoMSCA


    Work Loans

    How does A CoMSCA


    Work Ending Balances

    How does A CoMSCA


    Work

    No
    Ledgers!!

    The CoMSCA Delivery


    System

    Preparatory
    Phase
    Training and 3Stage Followup Phase
    Graduation/
    Action Audit

    Preparatory
    1 - 3 Weeks

    Orientation of Community Leaders and


    Administration Officials

    Introduction of CoMSCA to the


    Community

    Preliminary Meeting with Clustered


    Groups of Potential Participants

    Training

    9 Sessions in 1 year
    Groups, leadership &
    elections
    Social fund, savings & credit
    policies
    Governance/Constitution
    Record-keeping and meeting
    procedures
    First share-purchase/savings
    (by end of week 2)
    First loan disbursement (week
    6)
    First loan repayment (week
    10)
    Optional daily slot savings
    (week 14)
    Share-out/action-audit (end of
    cycle)

    Phases 1 3: Supervision
    48-50 Weeks
    (approximately)

    Intensive

    12 weeks

    Development
    18 weeks

    Maturity: Action-audit
    and graduation
    18 weeks

    Moving to Scale and


    Keeping it Cheap
    Evolution

    1 Direct Delivery (1:250-400 staff/member


    ratio)
    2 Indirect Delivery (CoMSCA Agent)
    supervised and paid by implementing
    organisation (1:500-1,000 agent/member
    ratio)
    3 CoMSCA Agent in a free market earns
    fees for service, paid by groups (1: 50-150
    agent/member ratio)
    4 Spontaneous Replication Quasi-informal

    CoMSCA: Financial
    services needs Consensus

    Deepen outreach to poorest


    Smaller, short-term loans
    Life/health insurance
    Flexible membership and lending policies
    Overlapping community and economic
    strengthening

    Conclusions

    CoMSCA programmes reach the rural poor


    and urban very poor

    CoMSCA programmes can reach very large

    scale in poor, remote areas and urban slums

    CoMSCA respond to peoples needs for

    uncomplicated, sustainable and accessible


    financial services

    CoMSCA has an effect on livelihood security


    that is disproportionate to the investment
    costs

    Conclusions

    It is popular, because the savings focus builds

    assets and because it provides credit


    PROPORTIONATE to need and capability
    It is easy to replicate
    It is not necessary to create an MFI to
    implement and can easily be integrated into a
    non-financial services programme
    Long-term programme costs are low compared
    to those for a standard credit-granting MFI (1020%)
    Supervision!! Supervision!! Supervision!!

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