Monitoring services are oriented to meet the initial needs of an individual interested to develop a micro-project. The seed phase is the starting point of a continuous accompaniment and support to develop a small project aiming to obtain a microcredit or other financial support.
The importance of this mentoring phase is the accompaniment of the potential beneficiary to built a pre-feasibility plan needed to apply for external financial supports.
Usually, the competences of a mentor regard:
General information on the development of micro-projects and its related problems focusing on initiatives of social value
Knowledge of the available services (microcredit, insurance and so on) and successful experiences already consolidated in the sector
Opportunities for brief training and meetings
Usually, tutorship services start after the acceptance of the business ideas and of the business plan. Financial organizations generally provide tutorship facilities to the borrowers for the time span of the project both to support the consolidation of the seed project over time and to reduce the risk of default. A tutor can be a sounding board and allows the beneficiary to see things more clearly.
AFRICA FINANCE CORPORATION in Nigeria,
ASSOCIATION BASE FANDIMA in Burkina Faso,
IMF HEKIMA in the Democratic Republic of Congo,
WASASA Microfinance Institution in Ethiopia,
MEKLIT MFI in Ethiopia,
MUSONI in Kenya,
HOFOKAM IMF in Uganda,
MILLENIUM MICROFIN in Tanzania,
TUJIJENGE in Tanzania,
RURAL FINANCE INITIATIVES in Sud Sudan and Uganda,
MICROFINANCE AFRICAN INSTITUTIONS in Togo.
PerMicro in Italy,
IMF Oportunitas in Spain,
Qredits in Netherland,
ADIE in France