The Mozambican Association of Microfinance Operators (AMOMIF) held on August 1 and 2, in Maputo, a training on credit management and digitalization, with the aim of empowering its members and providing them with sufficient knowledge to be able to act in the microfinance market with sustainability.

According to a note, the process is being done in collaboration with several partners, with emphasis on the International Fund for Agricultural Development (IFAD), through the Rural Entrepreneurship Finance Project (REFP).

According to the chairman of the board of directors, António Souto, the activity has as its main target group, field technicians, directors, credit operations managers and inspectors, who will be provided with knowledge on credit policy, monitoring of disbursed credits and recovery of overdue credit, among other issues.

“This training will be complemented by others to be held soon, dealing with other subjects of interest for the sustainable growth of microfinance on a national scale. Recently, we had a training in Sena, Sofala, on the use of digital credit management tools that involved eight participants”, he contextualized.

He stressed that the entity he heads is convinced that “financial inclusion is not only about providing money and/or access to financial resources, but also about developing useful tools capable of creating a positive impact on people’s lives and generating jobs”.

“AMOMIF believes that effective microfinance institutions are those that provide a large number of low-income entrepreneurs with quick access to small loans while achieving excellent repayment rates,” he said.

The Association was created in 2007 and went through a period of crisis. However, António Souto said that the institution is recovering, with the support of the Bank of Mozambique, which is leading the process of launching the new financial inclusion strategy.