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Zambia's Credit Management Services : Micro-Credit Schemes for Women Enterpreneurs

Credit Management Services Limited (CMS) was established in 1992 as a subsidiary of Molver and Company, a Zambian accounting company. It provides lending services through four schemes. This Action Research best practice study focuses on micro-credi...

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Bibliographic Details
Main Author: Amuah, Alexander
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ACCOUNTING
BORROWING
CONTRACT ENFORCEMENT
CREDIT MANAGEMENT
CREDIT SCHEMES
DEPOSITS
EMPLOYMENT
INFLATION
INTEREST INCOME
LENDING SERVICES
LOAN
LOAN AGREEMENTS
LOAN AMOUNT
LOAN GUARANTEE
LOAN REPAYMENT
MICROFINANCE
OPERATING COSTS
PORTFOLIO DIVERSIFICATION
POS
PROFITABILITY
REVOLVING CREDIT
REVOLVING FUND
REVOLVING FUNDS
SAVINGS
SUBSIDIARY MICROCREDITS
MICRO-CREDIT PROGRAMS
WOMEN IN BUSINESS
WOMEN ENTREPRENEURS
PARTICIPATORY PROCESS
MICROCREDITS
MANAGEMENT INFORMATION SYSTEMS
LOAN SIZE
RURAL FINANCE
WOMEN'S ORGANIZATIONS
Online Access:http://documents.worldbank.org/curated/en/1999/05/1574612/zambias-credit-management-services-micro-credit-schemes-women-enterpreneurs
http://hdl.handle.net/10986/9867
Description
Summary:Credit Management Services Limited (CMS) was established in 1992 as a subsidiary of Molver and Company, a Zambian accounting company. It provides lending services through four schemes. This Action Research best practice study focuses on micro-credit schemes for women entrepreneurs. CMS lends to members of existing women's clubs. The success of CMS is to a large extent attributable to its innovative approach to micro-credit delivery -- portfolio diversification, use of existing institutions, transparent MIS, and regular club meetings. The CMS management has learned these lessons: a) high potential for rural savings, b) close supervision improves performance; c) women are a lower credit risk; d) the value of strict contract enforcement; and e) critical minimum loan size.

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