Assessment of the Research And Capacity Building For Product Development in Microfinance Project

Strengthening MFIs' capacity to design and develop new and improved financial products for clients
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This document comprises an assessment report of the "“Research and Capacity Building for Product Development in Microfinance Project”", the result of a partnership between the ‘Inter-Church Organization for Development Cooperation (ICCO), Netherlands, and ‘Microfinance Council of the Philippines (MCPI). The report identifies the:

  • Project aim:
    • To strengthen the capacity of microfinance institutions (MFIs) to design and develop new and improved financial products for poor clients;
  • Project components:
    • Compiling and documenting of successful innovative microfinance products;
    • Developing MFI capacity to undertake market research;
    • Developing, testing and launching new microfinance products.

The report states that:

  • The project is successful and has achieved its objectives;
  • Component ‘A has produced studies and documentation of the product development process for each type of MFI;
  • Component ‘B has reached 44 MFIs with training courses on market research;
  • Component ‘C has led to the development of new products and increased the knowledge and skills of the MFIs' staff.

The report concludes with recommendations for:

  • The extension of technical assistance (TA) until the completion of the product development process;
  • The documentation of MFI experiences on receiving TA on product development;
  • Review of the selection criteria for participation in the training courses;
  • Continuing of the “Market Research for Microfinance” course after project completion;
  • Consideration of providing follow-up training on other tools.

About this Publication

By Dingcong, C.