The Association of Ethiopian Microfinance Institutions (AEMFI), a nonprofit trade group, has become the sixth partner in the Bankers Without Borders (BwB) Alliance, a volunteer program started by the US-based Grameen Foundation. BwB supports microfinance and technology initiatives related to finance in poor countries through funding and operational support. As the newest partner of BwB, AEMFI will help its 30 member microfinance institutions (MFIs) with financial forecasting tools and management information systems.
The other five members of the Bankers Without Borders Alliance are Contactar, a Colombia-based MFI; ACCESS Development Services, an Indian nonprofit consultant to MFIs; Promuc, a network of Peruvian community banks; Microfinance Innovation Center for Resources and Alternatives (MICRA), an Indonesian microfinance development foundation; and Association for Enterprise Opportunity, a US-based microenterprise development association.
About Bankers Without Borders
Bankers Without Borders is a volunteer program started by the US-based Grameen Foundation that supports microfinance and technology initiatives related to finance in poor countries. It was founded in 2008 and as of January 2012 is working with MFIs in 13 countries. It has received funding from US-based bank JP Morgan Chase and the US-based Bill and Melinda Gates Foundation.
About the Association of Ethiopian Microfinance Institutions
Established in Ethiopia in June 1999, the Association of Ethiopian Microfinance Institutions (AEMFI) is a nonprofit organization serving as a medium through which microfinance practitioners can advance their goals and work towards the expansion of the microfinance industry in Ethiopia. AEMFI members include registered and licensed microfinance institutions, institutions indirectly involved in microfinance activities and individuals. As of 2011, the association includes 30 member MFIs.
By Charlotte Newman, Research Associate
Sources and Additional Resources:
Bankers without Borders: “Grameen Foundation Selects AEMFI to Join Bankers without Borders Alliance,” http://www.bankerswithoutborders.com/aboutus/press-room/grameen-foundation-selects-aemfi-join-bankers-without-borders%C2%AE-alliance
MicroCapital story, September 26, 2011, “MICROCAPITAL BRIEF: Microfinance Innovation Center for Resources and Alternatives (MICRA) of Philippines to Join Grameen Foundation’s Bankers without Borders Alliance, Organize Volunteer Consultants Working with Microfinance Institutions,” https://www.microcapital.org/microcapital-brief-microfinance-innovation-center-for-resources-and-alternatives-micra-of-philippines-to-join-grameen-foundation%E2%80%99s-bankers-without-borders-alliance-organize-volunteer-consu/
MicroCapital Universe Profile: Bankers Without Borders
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Bankers+Without+Borders+%28BwB%29
MicroCapital Universe Profile: Association of Ethiopian Microfinance Institutions
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Association+of+Ethiopian+Microfinance+Institutions
MicroCapital Universe Profile: Grameen Foundation
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Grameen+Foundation
MicroCapital Universe Profile: Contactar
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Contactar
MicroCapital Universe Profile: ACCESS Development Services https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=ACCESS+Development+Services
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