Evaluation of Credit Management System

Assessment of credit management case study in commercial Traditional bank of Ethiopia, Gondar part

The Amhara Credit and Saving Organization

(ACSI)

[pic]

Institutional Profile, Current Status and Future Strategy

Bahir Dar

Might 2004

TABLE OF ITEMS

FORWARD

1 . BACKGROUND: EYESIGHT, MISSION, AIMS

2 . GOVERNANCE & POSSESSION

3. PRODUCTS

4. AIMED TOWARDS PRINCIPLES

a few. OPERATIONAL STRATEGIES

6. OUTREACH

7. FINANCIAL PERFORMANCE

almost eight. FUTURE TECHNIQUE

9. CHALLENGES & HAZARDS

10. COMMUN

• Performance Reports

• External Examine Report

FRONTWARD

The Amhara regional point out is one of the parts in the country where rate of poverty is a highest. The Federal Countryside Development Strategy put quite high emphasis on microfinance as a essential force inside the poverty decrease struggle. ACSI believes that, with the support of it is stakeholders, it could successfully get rid the heavy responsibilities it can be being charged with in this have difficulty.

ACSI happens to be reaching 8-10% of the economically active poor that is trying to find microfinance assistance in the region, and with great repayment rates over the years. Several rightly argue how microfinance can be successfully run in regions just like ours, offering very poor people, with tiny education, limited marketable skill, engaged typically in culture which is little served simply by modern technology and then for the most part dependant on hard to rely on climate, facing very poor infrastructure (particularly the rood network), small and sensitive market, with people earning very precarious salary inflows, and so forth

Some of the success stories can be related to the shared vision, determination of staff, starting from the board all the way up down to the Sub Part officer, who also work in a learning environment and also as a result of all-round support ACSI may manage via those in rural areas: government, NGOs, community, etc . We hope this will continue. The outreach gained is, indeed, very high for a single MFI, yet the huge majority of poor people in the region remains to be outside of the reach of any modern financial services. ACSI looks forward to reaching these clingy people!

This document hence clarifies various issues. It shows how ACSI begins, where it is currently, what challenges it confronted, and the upcoming strategy as we target to achieve the seemingly irreconcilable objectives of impact and institutional sustainability. External taxation report is likewise attached. Even though the 2003 external audit is definitely underway currently, the one that is definitely attached is actually a complete taxation report of ACSI's placement as of Dec. 2002.

The document targets at all who would like to join hands with us inside the fight against poverty and food in-security in this extremely unfortunate region. Constructive comments and supply backs are extremely welcome (at --- [email protected] net. et).

Mekonnen Yelewumwosen

G/Manager

1 ) BACKGROUND: EYESIGHT, MISSION, AIMS

History:

The operation of ACSI is usually traced back in 1995 because it was initially started by the Firm for the Rehabilitation and Development in Amhara (ORDA), an indigenous NGO engaged in development activities in the Amhara region. ACSI had undertaken its pilot activities in 1996, and was accredited as a microfinance share company in 04 1997.

Eyesight:

ACSI aspires to see a culture in which people are free from the grips of abject low income, with all the electricity determining their future in their own hands.

Mission:

Given the level of low income in the region, ACSI's primary objective is to enhance the economic situation of low salary, productive poor people in the Amhara region mainly through improved access to loaning and conserving services. It can maintain affordability in service delivery, and integrates its activities with govt and NGOs working to achieving food security and poverty pain relief in the region.

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