MICROCAPITAL BRIEF: Gambia Women’s Finance Association Adopts Towerplane Software to Enable Doorstep Microfinance

The Gambia Women’s Finance Association (GAWFA), a nonprofit organization in Gambia with approximately 49,000 members, reportedly has adopted software developed by Towerplane, a Spanish software company, that allows the microfinance institution to provide services outside of bank branches using mobile devices. The system includes functionality that allows GAWFA staff to enter client information without an Internet connection to be reconciled at a later time.

GAWFA reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 662,485, 3,620 active borrowers, deposits for USD 131,519 and 5,959 active depositors as of 2011. It also reported a gross loan portfolio USD 192,771 as of the same year. More recent financial information on GAWFA is unavailable.

By Juan Blanco, Research Associate

Sources and Additional Resources

[1] All Africa, “GAWFA Introduces Mobile Banking Services,” 2014, http://allafrica.com/stories/201405262104.html

MicroCapital, May 2, 2014, Yes Bank’s Sampann, Housing Development Finance Corporation (HDFC) Bank Use “Doorstep” Banking in Rural India

MicroCapital, September 21, 2011, YMCA Launches Ymicro Website to Raise Donations to be Disbursed as Microloans in Colombia, Sri Lanka, Gambia and Liberia by YMCA Branches, Microfinance Institutions

MicroCapital, August 17, 2010, Social Development Fund of Gambia to Provide $1m from Entrepreneur Promotion and Microfinance Development Project to Non-Bank Financial Institutions

MicroCapital, July 3, 2009, Gambia Association Accountants (GAA) Conference Focuses on Developing the Microfinance Capability of The Gambia

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