Title: Consultative Group to Assist the Poorest (CGAP)
Abstract: The Consultative Group to Assist the Poorest (CGAP) was set up at the World Bank as a three-year initiative (1995-1998) to increase the quality and quantity of sustainable microfinance institutions (MFIs) serving the poor.1 As a consortium of donor agencies and microfinance practitioners working together to bring microfinance into the mainstream, CGAP acts as a service provider to the microfinance industry by catering to the needs of three stakeholders, namely the MFIs, donor agencies, and the microfinance industry. CGAP serves these stakeholders through learning and dissemination of best practices, by helping to set up supportive policies for microfinance activities, by coordinating donor initiatives, and by channeling funds to broaden and deepen the outreach of MFIs serving the poor. Acting as a clearinghouse for the transmission and dissemination of information for the microfinance industry, CGAP adopts variety of information dissemination tools. Best practices in microfinance and other related information is shared among the stakeholders through conferences, seminars, technical guides, and portals, along with several other publications and documents. Training sessions, workshops, and seminars on technical advice and exchange promote active participation of member donors and microfinance practitioners. Furthermore, applicability of technical tools such as financial statement disclosure guidelines, appraisal formats, and poverty assessment tools help enforce accountability in the operations of microfinance practitioners.
Publication Year: 2003
Publication Date: 2003-01-01
Language: en
Type: article
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Cited By Count: 27
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