The Microfinance Association, a global professional body that will cater to the needs of practitioners in the microfinance sector, has been established in the United Kingdom. Membership in the association is open to all practitioners working in the microfinance sector worldwide, not just to those in the UK. The association plans to offer its members an information center, a career advice center, and a knowledge management center. The information center will provide information such as links and resources to rating agencies, market information, microfinance news, information on government agencies, forums and conferences, training and research, and networking opportunities. The career advice center will provide resources such as tips on structuring a CV, successful interviewing strategies, sample interview questions, and a job search function. The knowledge management center will provide research, newsletters and publications from leaders in the industry such as CGAP, Microfinance Insights, and the Journal of Microfinance. At the time of this story most of these services were not yet available.
To be a professional member of the association, an applicant must have, or aim to develop professional experience within the microfinance sector. There are four categories of membership; Fellow – for practitioners with at least 10 years of experience in the microfinance sector, Associates – for practitioners with at least 5 years of experience, Affiliates – for individuals who are not in the industry but would like to contribute to the development of the industry, and Graduate Academy – for individuals pursuing or willing to pursue a career in the microfinance industry. Annual membership fees are as follows:
Fellow: GBP 200 (USD 325)
Associate: GBP 125 (USD 204)
Affiliate: GBP 100 (USD 163)
Academy Students: GBP 50 (USD 81)
The Microfinance Association will be applying to the UK Privy Council which will allow the association to become a Chartered Institute. This status will allow the association to award the Chartered Microfinance Practitioner (CMP) Status.
Ademola A. Tosoye is the Chief Executive of The Microfinance Association, Michael Kay will be developing the training unit of the association, Azlam Kashif is in charge of web development, and Sarah Braxton is Membership Manager.
For membership enquiries or to sign up online, please contact:
The Microfinance Association
Science and Innovation Park
Brunel Way
Kent, UK DA1 5GA
Tel +44 (0) 1322 312 078
Fax +44 (0) 1322 312 001
www.microfinanceassociation.org
By Laura Anderson, Research Associate
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