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Core Program Areas

Agriculture Education Emergencies Health HIV and AIDS Microfinance Peacebuilding Water and Sanitation

Cross-Cutting Areas

Capacity Strengthening Climate Change ICT4D IHD Monitoring and Evaluation Youth

The Board Rules

Founding an MFI Board

As microfinance providing institutions transition to formal, local organizations, decisions about governance and ownership become major issues. This book provides guidance that makes the process a less daunting task.

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Kim Wilson



Section 1: Preparation 1
Board Myths 3
Board Formation 7
Define Your Strategy
Section 2: The MFI's Founding 23
The Founding Board 25
Board Composition 29
Motivational Issues 35
Member Recruitment 37
Board Officers & Committees 43
Founding Documents
Section 3: The Founding Years 53
Managing the CEO 55
Board Meetings 36
Keeping Minutes 69
The First Year Plan 71
Financial Matters 77
Tips for the CEO 81
Transferring Powers
Section 4: Conclusion 91
Two Boards of Directors 93
Final Thoughts
Selected Resources 99

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