MAIN (Microfinance African Institutions Network) is an international not-for-profit association that was created in 1995 in Abidjan (Côte d’Ivoire).
MAIN is a network that was created by several institutions with a long experience in microfinances and/or the promotion of micro-businesses in Africa, including investing in the fostering of companies, in Madagascar (SIPEM), the centenary Uganda Rural Development Bank (CERUDEB), the Bank of Côte d’Ivoire and Investment Fund (Fídies), the Society for International Development and Investment (SIDI) in France and Mauritania, and the IDM. MAIN now has 90 members in Africa, the Middle East and Europe.
The main mission of MAIN is to help strengthen the social and economic role of African microfinancing institutions by starting and African program for the promotion of microfinances in the process of general development in Africa.
Its objectives are:
- To strengthen operational capacities of African microfinancing institutions so they can offer their customers adequate products and services over time.
- To offer a forum for reflection and exchange to African microfinancing institutions to help them better understand their environment and to take on aspects that influence their operations at a national and international level, and to allow them to integrate their activities into global development.
Their activities are:
- Communication: Their objective is to facilitate and promote an exchange of information in the field of microfinances on issues dealing with the financing of small microfinancing agents in Africa.
- Capacity building: Their objective is to strengthen the internal capacities of microfinancing institutions so they can ensure their viability and the supply to their customers of adequate products.
- Research and Development: This approach requires documentation on the current practical know-how and the production of methodologies for social investors.
For further information visit www.mfiain.org