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Microfinance technical assistance

We continued to develop our technical assistance strategy for the microfinance sector, launched in 2008, that shares our expertise in governance, risk management and human resources. Providing technical assistance was a key priority for us this year. Initiatives included thought leadership platforms, conferences, including specially promoted events, and targeted training.

Targeted training of microfinance institution partners

We organised the Managing Human Capital in a High Growth Industry workshop in India in February. This was the third part of the Managing Growth in Microfinance Series launched in 2008, following earlier workshops on corporate governance and investment readiness. The chief executives and heads of human resources of 35 microfinance institutions attended, and discussed human resources challenges in the financial sector and growth related issues in the microfinance and development sectors. Standard Chartered China organised a best practice day in September. Involving China Foundation for Poverty Alleviation (CFPA) and our Consumer Banking business, including Standard Chartered Village Bank, the event allowed us to share our product knowledge and experience in loan products and process flow with China's largest non-governmental organisation in the field of poverty alleviation.

We sponsored four top microfinance institutions to a two day programme in the Bombay Stock Exchange Training Institute in August. The training provided guidance on preparing Initial Public Offering (IPO) plans and understanding the role these could play in their futures.

Thought Leadership Events

Our senior management actively contribute to international seminars and conferences promoting microfinance in Asia, Africa and the Middle East. We organised and supported a number of major conferences for the microfinance sector in 2009, including:

  • the Second Annual Global Microfinance Investment Congress, held in New York in May, which provided a setting for microfinance institutions, institutional investors and microfinance experts to share their perspectives on the current and future direction of microfinance investment
  • the Investments in Microfinance conference held in London in July which was attended by leading investors, microfinance institutions, experts from the private sector, development banks and foundations. The participants shared the latest models being used to manage risk and examined key techniques used to ensure microfinance remains sustainable
  • a one day Bankers Meet on Microfinance was held in Mumbai in October. Attended by senior bankers, regulatory bodies and policy makers, its objective was to bring together the lending community to share views and concerns, discuss best practices and identify actions that the banking community could take to help develop the sector
  • Standard Chartered India co-hosted the 2009 SRIJAN Awards in December. The event, now on its third year, had 300 participants. It recognises innovation in microfinance, and provides a forum for debate on emerging issues. Awards were given in various categories to recognise improved transparency, new technology, client-focused services and new microfinance institutions

Report tools

Annual Report and Accounts 2009