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About the Microfinance Management Institute

The mission of the Microfinance Management Institute (MFMI) is to advance capacity in microfinance management worldwide. Leading experts in microfinance agree that insufficient management capacity and a relative dearth of technically skilled human resources are among the key constraints to the growth and outreach of the global microfinance sector.

Achieving significant outreach to low-income families who desire access to financial services requires a parallel scaling up of the number of skilled, ambitious managerial leaders who can capably manage the growth of microfinance services and institutions. The MFMI responds to this capacity-building need and fulfils this mission through its Microfinance in MBA Programs Project (the "MBA Project").

The MFMI mission will grow to strengthen the internal capacity of training providers and academic institutions as a means to develop better quality training and more competitive services for those offering financial products and services to the poor.

About our Founders

The MFMI was co-founded in July 2003 by the Consultative Group to Assist the Poor (CGAP), a secretariat of the World Bank, and the Open Society Institute (OSI), New York.

CGAP logo

CGAP, a consortium of 33 private- and public-sector donors, is a service provider and a recognized center of excellence for the microfinance industry. Its core functions are that of a standard setter, convening platform, incubator of innovations, knowledge center, and information clearinghouse. CGAP has been housed at the World Bank in Washington, DC since 1995.

OSI logo

OSI was established in 1993 by the investor and philanthropist George Soros to foster open societies and collaboration among nongovernmental organizations, international institutions and government agencies. OSI works in more than 50 countries in Africa, Asia, Latin America and the Middle East to implement a range of projects and initiatives in education, media, public health, women's rights, social, legal and economic reform and the shaping of government policy.