MFI ReportMission:
PAMF’s primary objectives are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion. It aims to help people become self-reliant and eventually gain the skills needed to graduate into the mainstream financial markets.
PAMF’s ... Read more
PAMF’s ... Read more
PAMF’s primary objectives are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion. It aims to help people become self-reliant and eventually gain the skills needed to graduate into the mainstream financial markets.
PAMF’s underlying principles are:
1) Long term sustainability – defined as full coverage of costs through revenues and the generation of a modest surplus to finance expansion,
2) Broad outreach with national coverage and supply of services to a range of economic sectors,
3) Maximum impact on the economic livelihoods of the target clientele. Hide
PAMF’s underlying principles are:
1) Long term sustainability – defined as full coverage of costs through revenues and the generation of a modest surplus to finance expansion,
2) Broad outreach with national coverage and supply of services to a range of economic sectors,
3) Maximum impact on the economic livelihoods of the target clientele. Hide
Background and Main Challenges:
Background: For more than 60 years, various agencies of the Aga Khan Development Network (AKDN) have offered microfinance products and services through integrated development programmes and as self-standing microfinance institutions.
These institutions, which are now administered by ... Read more
These institutions, which are now administered by ... Read more
Background: For more than 60 years, various agencies of the Aga Khan Development Network (AKDN) have offered microfinance products and services through integrated development programmes and as self-standing microfinance institutions.
These institutions, which are now administered by AKAM, contribute to poverty alleviation, economic growth and social cohesion in 13 countries in the developing world. The microfinance programmes, microfinance institutions (MFIs) and regulated microfinance banks have delivered over USD 200 million in loans since their inception.
AKAM established its microfinance institution in Madagascar in December 2006, the Première Agence de MicroFinance (PAMF), as a private limited company, with the aim to serve both rural and urban areas. This is an intermediate step towards the conversion into a fully-licensed microfinance bank.
Since inception, PAMF has disbursed a total amount of ca. USD 1 million to around 5,000 borrowers.
Challenges: PAMF’s challenges are:
1) Providing a range of microfinance products to the poor, throughout Madagascar and contributing to innovation in the local banking sector;
2) Strengthening the institutional set-up of the institution;
3) Developing local human resources Hide
These institutions, which are now administered by AKAM, contribute to poverty alleviation, economic growth and social cohesion in 13 countries in the developing world. The microfinance programmes, microfinance institutions (MFIs) and regulated microfinance banks have delivered over USD 200 million in loans since their inception.
AKAM established its microfinance institution in Madagascar in December 2006, the Première Agence de MicroFinance (PAMF), as a private limited company, with the aim to serve both rural and urban areas. This is an intermediate step towards the conversion into a fully-licensed microfinance bank.
Since inception, PAMF has disbursed a total amount of ca. USD 1 million to around 5,000 borrowers.
Challenges: PAMF’s challenges are:
1) Providing a range of microfinance products to the poor, throughout Madagascar and contributing to innovation in the local banking sector;
2) Strengthening the institutional set-up of the institution;
3) Developing local human resources Hide
Address:
1, Lalana Solombavambahoaka Frantsay 77 Antsahavola
Antananarivo
Madagascar
Phone:
+261 20 24 250 33
Email:
olivier [dot] massart [at] akdn [dot] org
Website:
Main Funding Sources:
Grants
Loans
Savings
Shareholder Capital
Products and Services:
Loans
Looking for (Investment Types):
Loans in Local Currency
Capacity Building Grants
Equity investments
Date established:
Jan 1 2006
FYE:
31-Dec
Current Legal Status:
NBFI
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Armando Massimiliano SirollaCEO+261 20 24 250 33
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RAKOTONDRATSIMBA AndrianarideraResponsable des Opérationsdera [at] pamf [dot] mg22 265 04 / 24 250 33
-
SIROLLA ArmandoDirecteur Génréralarmando [at] pamf [dot] mg22 265 04 / 24 250 33
