Global Network for Banking Innovation in Microfinance
This paper presents the details of Women's World Banking (WWB) Global Network for Banking Innovation in Microfinance (GNBI) - a network of regulated financial institutions that attempt to demonstrate that microfinance is a profitable and transformational business opportunity. The paper discusses the following aspects of GNBI:
Objective - To encourage the profitable provision of microfinance by:
- Highlighting financial institutions that provide wholesale and retail finance to poor people;
- Creating learning forums and exchanges for regulated financial institutions and WWB network members;
- Promoting technical and financial collaborations and innovative partnerships.
Activities - GNBI's priority activity areas are to:
- Organize best practice meetings;
- Catalyze key innovations;
- Promote collaborations;
- Participate in policy change.
Membership criteria and process - The applying institution must be a respected, regulated financial institution that:
- Is recognized as a leader in providing financial services to low-income entrepreneurs and women;
- Is committed to strengthening the country in which it operates;
- Has a clear vision and strategy for growth in microfinance;
- Has at least 10,000 active microfinance clients either directly, or through partnerships;
- Recognizes the profit in microfinance;
- Agrees to develop and use performance indicators;
- Shares microfinance best practices;
- Contributes financially to the GNBI.
The paper concludes by providing a list of GNBI members.