Crossing Century Mark with PCP!

On September 1st, 2010, Magnus Consulting Group Pvt. Ltd., first Social Enterprise in the country, crossed a Century mark by partnering with more than one hundred rural Microfinance Institutes (MFIs). With the enterprise's own ground breaking model and strategies what was envisioned in 2005 now has become a reality. It works with rural  MFIs exercising its Private Community Partnership (PCP) model and  Behavior Change Intervention (BCI) Strategies (piloted in 2005 in Chitwan and Jhapa district and scaled up after successful outcome) to diffuse Information and Communication Technology (ICT) for eService delivery in rural areas and build capacity of the MFIs and there members to help them reap the technology and eService access  benefits for their socio-economic improvement.  

Click here to see Magnus Model on Pop-up windowIn this pioneering work, the model and strategy has stimulated behavior changes in rural MFI managers, board members, operation committee members, employees and farmer members to becoming enterprising and understand importance of  stake,  or ownership, and adopt the use of ICT in rather accelerated manner.  Now these MFIs and Magnus are key actors in the value chain. In the strategy, Magnus implements two-Phase components. In Phase I, the MFIs invests in ICT components: Localized and highly intuitive Software named Simple Finance developed by Magnus, Personal Computer; Power Backup (Inverter/Chargers and Batteries); and Maintenance service. Magnus on the other hand provides Capacity Building training and up to six months' free services which are both aligned with BCI strategy. Phase II follows with ICT-based service (eService) integration.  Capacity development of the community stakeholders on eService subscription is integrated through Magnus' own intervention and strategies, strategic partners and Knowledge-base. Learn more...


News & Events

Training participants and trainersOn October 1st, 2010, Magnus completes a five day microfinance training in which participants Women Human Rights (WHR) are trained on microfinance, its institutionalization and processes, ICT implications and accounting. There are roughly 500 groups of single women in the country who are supported by WHR and in the process of institutionalization into microfinance institutes (MFIs).

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To reflect and leverage enterprise's knowledge-base, expertise and experience in MFI domain, Magnus is launching Nepal Microfinance Gateway, a portal to assist national and international stakeholders in terms of relevant data and information in the sector. 

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Magnus Consulting Group Pvt. Ltd. has built strategic partnership with Nepal Agriculture Co-operative Central Federation Ltd. (NACCF). The partnership is expected to strengthen what Magnus has been doing with rural Small Farmers Cooperatives through its PCP model and BCI strategies.

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Mr. Tikajit Rai writes for MicroFinance Insight, a bimonthly international magazine, a US based MFI knowledge base company. This agreement was reached at recent MasterCard, Grameen Foundation and CGAP funded workshop series that was held in Hyderabad, India, in April, 2010.

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Magnus Consulting Group Pvt. Ltd. wins the MF banking software development project for Sana Kisan Bikash Bank Limited (SKBBL), also known as Small Farmer Development Bank, and starts the six-month long project.

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