Deposit mobilisation – the frontier of financial services in East Africa
David Cracknell MD MicroSave, Africa
Thursday 14 June 2012
6.30pm - 8.00pm
Venue: Allen and Overy LLP
One Bishops Square, London E1 6AD
Registration from 6.15pm; talk starts at 6.30pm sharp followed by refreshments.
Only MF Club UK members can register for the event on line - no later than 5pm on 13 June
If you are not a member yet, please join through our membership page.
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David Cracknell is the Managing Director of MicroSave (Africa) and has extensive experience of assisting MFIs and commercial banks across Africa to move onto a market-led approach to microfinance. He has played a key role in the development of MicroSave's training toolkits and authored many papers on topics including e-banking, delivering savings services, costing and pricing.
David Cracknell will be talking about the growth of Equity, M-PESA, MFI transformation, agency banking, mobile phone banking, plus references to savings groups. He will look at the factors that have been supporting these changes, and why Kenya has become such a centre for innovation in financial services and financial services delivery. He will cover the changing regulatory environment and the role and importance of the regulator in stimulating positive change, noting the importance of facilitators such as FSD-Kenya in driving and refining the financial inclusion agenda in Kenya and the region more generally. There would be references to other African countries around the themes of this presentation.
MicroSave provides practical, market-led solutions to assist financial service providers succeed and achieve their mission and business objectives. It has evolved from more than a decade long experience of working in Africa and has been active in India since 2006. In response to repeated requests for technical assistance, MicroSave has now expanded its operations throughout Asia and has completed assignments in more than 20 countries world wide.
In Africa MicroSave has been an advisor to multiple success stories, including Equity Bank, M-PESA, Faulu Kenya – the first transformed Deposit Taking Microfinance Institution, and Family Bank’s Mwananchi Account. It has contributed through their services to millions of Africans gaining access to financial services. Visit www.microsave.net
Bio: David Cracknell is the Managing Director MicroSave (Africa) and has two decades experience in microfinance, after a career in accountancy. He has experience in design, monitoring, and evaluation of microfinance programmes, including networks and capacity building initiatives. He has particular interest in client focused product development and the institutional changes necessary to achieve this as well as e-banking. David formerly worked in Bangladesh managing DFID's Enterprise Development Programme, which comprised microfinance (focused on some of the leading MFIs in Bangladesh) and business development services (including an export marketing project, sub-sector based approaches within BRAC, and business and vocational training programme). David started his post-accountancy career in Sri Lanka employed by a large microfinance institution.
