More Than Profit through PCP and SBC
Magnus Consulting Group Pvt. Ltd. is a Social Enterprise. It works with rural Micro Finance Institutes (MFIs) exercising its Private Community Partnership (PCP) model and Strategic Behavior Change (SBC) intervention strategy (piloted in 2005 in Chitwan and Jhapa district and scaled up after successfull 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.
In this pioneering work, the model and strategy has stimulated behavior changes in rural MFI managers, board members, operation commettee membrs, employees and farmer members to becoming enterprising and understand importance of stake, and hence ownership, and adopt the use of ICT in rather accelerated fashion. 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 aligined with SBC strategy. Phase II follows with ICT-based service (eService) integration. Capacity development of the community stakeholders on eService subscription is integrated through angus' own intervention and strategies, strategic partners and Knowledge-base.
The beneficiary MFIs are: 1) Developmental Cooperatives; 2) Commercial Cooperatives or Saving & Credit Cooperatives (SACCOs); and the Grameen Model MFIs. In the first category, Small Farmers Coopertives (SFCs) and Women Development (WoDev) cooperatives are Magnus' network-based PCP partners. Currently, there are 85 SFCs that Magnus already has implemented its strategies (both Phase I and II); and the additional 60 SFCs will be integrating the strategies in the beginning of new Fiscal Year 2067/68 (within September, 2010). In case of WoDev, Phase I is being piloted at Phikkal (Ilam); Panuti (Kavre); and Chanpa Gaun,(Lalitpur) and scale up begins in year 2011. Mangal Murti (Kathmandu) , Grameen (Chitwan) and Shiva Shakti (Bardiya) SACCOs; and Nerudo and Manushi are the SACCOs and MFI PCP partners, respectively, for both phases.
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CGAP conducts a two-day virtual Webinar on MFIs, their ICT needs and service providers. The webinar is part of the workshop series that held in US, Africa and India. In the two-day Webinar, there are some popular topics than others. The Webinar is being held during July 8th and 9th, 2010. Read More »
Magnus Consulting Group Pvt. Ltd. had won the bidding to develop MF banking software for Sana Kisan Bikash Bank Limited (SKBBL), also known as Small Farmer Development Bank. Read More »
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 in April, 2010. Read More »
Magnus conducted second follow up coffee (wet) processing for the second year at Dhading district for Chayanpur, Maidi, Jiwanpur and Jamrung VDCs. Read More »
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