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Sudan Microfinance Institution

Sudan Microfinance Institution. Introduction:SUMI is an acronym for Sudan Microfinance InstitutionEstablished by the United States Agency for International Development (USAID) under Agricultural Enterprise Finance Program (AEFP) in 2003. Introduction: Continues. Implementing Agent: Chemonic

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Sudan Microfinance Institution

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    1. Sudan Microfinance Institution

    2. Sudan Microfinance Institution Introduction: SUMI is an acronym for Sudan Microfinance Institution Established by the United States Agency for International Development (USAID) under Agricultural Enterprise Finance Program (AEFP) in 2003

    3. Introduction: Continues Implementing Agent: Chemonics International SUMI Started Operations in July 2003 Registered as A Not-for-profit Company Limited by Guarantee with the Ministry of Legal Affairs & Constitutional Development (MoLACD) in 2007

    4. Sudan Microfinance Institution Vision: “To contribute to poverty reduction and empowerment of the traditionally and economically disenfranchised in Southern Sudan” Vision: Mission: “To provide sustainable financial services to micro entrepreneurs and other economically active persons in Southern Sudan with a special effort to reach women and rural enterprises”.

    5. SUMI Organizational Structure

    6. SUMI: Products & Services

    7. SUMI Branch Network

    8. SUMI Branch/Outreach Centers

    9. SUMI Portfolio Report SUMI Portfolio Report as of May 31, 2010

    10. SUMI Growth Milestone

    11. SUMI Factoid

    12. Challenges Lack of corporate culture (Governance, BoDs duties) MIS Market demolitions Poor work ethics Relief dependent mindset High Staff turnover Lack of financial literacy Lack of funds Lack of professional support services (Auditing firms) Poor infrastructure

    13. Opportunities New Management (new perspective) Growth potential Increased awareness of Microfinance among the public Establishment of MASS; advocacy Government Policy: Recognition of microfinance as a viable tool for poverty alleviation Microfinance Draft Policy (Regulation, Supervision)

    14. Front View - SUMI Yei Branch

    15. End.. Thank you for listening

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