India has now become a member of Consultative Group to Assist the Poor (CGAP), an international apex body for micro-finance. For the first time a developing country has been admitted in CGAP.
What is CGAP?
The Consultative Group to Assist the Poor (CGAP) is a consortium of 33 public and private development agencies working together to expand access to financial services for the poor in developing countries. CGAP was created in 1995 by these aid agencies and industry leaders to help create permanent financial services for the poor on a large scale (often referred to as microfinance).
CGAP is headquartered in Washington, D.C. and operates on a yearly budget of $10 million.
CGAP is housed at the World Bank, but operates as an independent entity.
It has its own governance structure, with a board that includes practitioners and leaders from outside the donor community as well as member representation.
What are the Clients served by CGAP?
CGAP serves 4 groups of clients:
1. Development agencies
2. Financial institutions including microfinance institutions
3. Government policymakers and regulators
4. Other service providers, such as auditors and rating agencies.
To each of these client groups, CGAP provides specialized services—advisory services, training, research and development, consensus building on standards, and information dissemination.
What is “Micro-Finance Gateway” ?
The Microfinance Gateway, a project of CGAP, is a comprehensive online resource for the global microfinance community. It includes research and publications, original articles, and organization and consultant profiles, as well as microfinance-related news items, announcements, events, and job opportunities. The Microfinance Gateway provides an interactive platform for people to learn, share ideas, and engage with others working to advance financial inclusion.
What is CGAP?
The Consultative Group to Assist the Poor (CGAP) is a consortium of 33 public and private development agencies working together to expand access to financial services for the poor in developing countries. CGAP was created in 1995 by these aid agencies and industry leaders to help create permanent financial services for the poor on a large scale (often referred to as microfinance).
CGAP is headquartered in Washington, D.C. and operates on a yearly budget of $10 million.
CGAP is housed at the World Bank, but operates as an independent entity.
It has its own governance structure, with a board that includes practitioners and leaders from outside the donor community as well as member representation.
What are the Clients served by CGAP?
CGAP serves 4 groups of clients:
1. Development agencies
2. Financial institutions including microfinance institutions
3. Government policymakers and regulators
4. Other service providers, such as auditors and rating agencies.
To each of these client groups, CGAP provides specialized services—advisory services, training, research and development, consensus building on standards, and information dissemination.
What is “Micro-Finance Gateway” ?
The Microfinance Gateway, a project of CGAP, is a comprehensive online resource for the global microfinance community. It includes research and publications, original articles, and organization and consultant profiles, as well as microfinance-related news items, announcements, events, and job opportunities. The Microfinance Gateway provides an interactive platform for people to learn, share ideas, and engage with others working to advance financial inclusion.
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