Study of Microfinance Sector Capacity Building in Sierra Leone
Study of Microfinance Sector Capacity Building in Sierra Leone
Study of Microfinance Sector Capacity Building in Sierra Leone
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APPENDIX 1: LOGICAL FRAMEWORK FOR THE STRATEGY<br />
(All objectives and outputs are for Dec 2014 unless otherwise specified)<br />
Strategic<br />
objective<br />
Geographical &<br />
rural outreach by<br />
MFIs <strong>in</strong>creased<br />
Outputs/<br />
Indicators<br />
The number <strong>of</strong><br />
rural 19 clients<br />
served by<br />
beneficiary MFIs<br />
tripled.<br />
At least 150,000<br />
new 20 clients<br />
served by<br />
beneficiary MFIs <strong>in</strong><br />
rural <strong>Sierra</strong> <strong>Leone</strong>.<br />
At least 60 new<br />
branches<br />
beneficiary MFIs<br />
or stand-alone<br />
CBFIs 21 opened;<br />
at least two <strong>in</strong><br />
every district.<br />
Means <strong>of</strong><br />
Verification<br />
1. MFI perf’<br />
reports<br />
2. SMART Cap<br />
monitor<strong>in</strong>g reports<br />
3. Term<strong>in</strong>al<br />
evaluation report<br />
1. MFI perf’<br />
reports<br />
2. SMART Cap<br />
monitor<strong>in</strong>g reports<br />
3. Term<strong>in</strong>al<br />
evaluation report<br />
1. MFI perf’<br />
reports<br />
2. SMART Cap<br />
monitor<strong>in</strong>g reports<br />
3. Term<strong>in</strong>al<br />
evaluation report<br />
4. Field visits<br />
Important<br />
Assumptions<br />
1. Country-wide<br />
road, water and<br />
other transport<br />
<strong>in</strong>frastructure will<br />
be significantly<br />
improved by the<br />
Government.<br />
2. Government<br />
ma<strong>in</strong>ta<strong>in</strong>s the nodirect-provision<br />
policy on<br />
micr<strong>of</strong><strong>in</strong>ance<br />
3. No prohibitive<br />
regulation <strong>of</strong> non<br />
deposit tak<strong>in</strong>g<br />
<strong>in</strong>stitutions<br />
Product ranges <strong>of</strong><br />
the beneficiary<br />
<strong>in</strong>stitutions<br />
broadened<br />
Two suitable<br />
agricultural/<br />
agribus<strong>in</strong>ess<br />
f<strong>in</strong>ance products<br />
developed,<br />
replicated to 13<br />
participat<strong>in</strong>g MFIs<br />
Two other rural<br />
focused<br />
productive-asset<br />
f<strong>in</strong>ancial products<br />
developed and<br />
replicated to 13<br />
participat<strong>in</strong>g MFIs.<br />
1. MFI perf’<br />
reports<br />
2. Product<br />
manuals <strong>of</strong> MFIs<br />
3. SMART-Cap<br />
reports<br />
4. Field visits to<br />
verify<br />
1. MFI perf’<br />
reports<br />
2. Product<br />
manuals<br />
3. Field visits to<br />
verify<br />
1. Development<br />
partners will be<br />
keen to f<strong>in</strong>ance<br />
product<br />
development and<br />
<strong>in</strong>novation<br />
2. MFIs will have<br />
more competent<br />
management 22 to<br />
deliver several<br />
products<br />
efficiently and<br />
effectively<br />
19 For this strategy, rural should be any location outside a 10 km radius <strong>of</strong> Freetown and<br />
Bo<br />
20 Incremental numbers <strong>of</strong> clients s<strong>in</strong>ce the <strong>in</strong>stitution started benefit<strong>in</strong>g from the scheme<br />
21 Community based f<strong>in</strong>ancial <strong>in</strong>stitutions<br />
22 Follow<strong>in</strong>g further targeted tra<strong>in</strong><strong>in</strong>g or hir<strong>in</strong>g <strong>of</strong> new, more experienced managers
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