Unit Code: BFN 423

Unit Title: MICRO-ENTREPRISE FINANCE

Program(s): BAF/BBAM/BCOM
Lecturer Name: Andrew Ndege
Lecturer Contacts: andrew.ndambiri@zetech.ac.ke Tel No: 0731 235 601
Consultation time Thursday’s 0800Hrs to 1100Hrs and 1400hrs-1700hrs
F-7-16
UNIT PURPOSE/DESCRIPTION
To equip the learner with practical Explaining of fundamental concepts of micro-
enterprise finance and the contribution of micro-finance in the economic development
of nations.
EXPECTED LEARNING OUTCOMES
By the end of the course unit the learners should be able to:
1. Describe the evolution of micro enterprise finance in developing world
2. Analyze specific micro finance case studies with focus to developing world
3. Present micro financial forecasting based on available information
4. Assess working capital practices in micro enterprises using a structured approach

INTERNATIONAL FINANCE COURSE OUTLINE

Week Topic Sub-topic

Week 1 The Context of Microfinance  Definition of Microfinance
and SME Finance  Core Principles for Microfinance
 Characteristics and Features of Microfinance
 Benefits of Microfinance
 History of Microfinance
Week 2-3 Microfinance Products and  Microfinance loans
Technologies  Micro-Savings
 Micro-Insurance
 Mobile banking,
 FinTech companies
 Crowdfunding

Page 1 of 3
Authorized on 17/01/2018 F-7-16
Week 4-5 Microfinance Institutions  Nature of lending in MFIs
and Operations  Different types of MFIs
 Credit markets
 Digitization of microfinance
 Capital funding

Week 5 Assignment 1
Week 6 Microfinance Regulation and  Rotating savings and credit associations
Supervision (ROSCAs)
 Credit cooperatives
 Regulatory framework in Kenya
Week 7 CAT 1
Week 8 Microfinance vs. SME  Advantages and disadvantages of SMEs
Finance and Micro, Small,  Venture Capital
and Medium Enterprise  Private Equity
(MSME) Finance

Week 9 High Income vs. Emerging  Microfinance in high income markets

Economies  Microfinance in emerging economies
Week 9 Assignment 2
Week 10 MSME Finance during  Economic Impacts of Microfinance
Economic Crises  Social Impacts of Microfinance

Week 11 CAT 2
Week 12 REVISION

Week 13 & 14 FINAL EXAMINATION

TEACHING/LEARNING METHODOLOGY
The course will be taught mainly through lectures, tutorials, group discussions and student
presentations.

ASSESSMENT CRITERIA

Assessment Type Frequency Percentage

Assignment 2 10%
CATs 2 20%
Final Examination 1 70%
Total 100%
Recommended Readings
Core Text Books

Page 2 of 3
Authorized on 17/01/2018 F-7-16
 1. Beatriz Armendáriz and Marc Labie, eds. (2011), The Handbook of Microfinance.
Singapore: World Scientific Publishing
2. Beatriz Armendáriz and Jonathan Morduch, (2010). The Economics of
Microfinance, Second Edition (Cambridge, MA: The MIT Press
3. Daryl Collins, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthven,
(2009).Portfolios of the Poor: How the World’s Poor Live on $2 a Day. Princeton:
Princeton University Press,
4. Thomas Dichter and Malcolm Harper, eds., (2007) What’s Wrong with
Microfinance? Bourton on Dunsmore, UK: Practical Action Publishing

Approval for circulation by:

Unit Lecturer name: Andrew Ndege …………….. Signature: ……A.N……………….

HoD’s Name: HENRY KIOGORA………………… Signature: ……………………..

Page 3 of 3
Authorized on 17/01/2018 F-7-16