PFIP Provides Support for Pacific Participants’ Microfinance Training

June 11, 2010

Five representatives from the Reserve or Central Banks in Fiji, Papua New Guinea, Samoa, Solomon Islands and Vanuatu and two representatives from microfinance institutions in Fiji will be the first group of Pacific Islanders to attend the Boulder Institute of Microfinance training that will be held in Turin, Italy from July 19th to August 6.

The Pacific Financial Inclusion Programme (PFIP) has provided funding for travel and accommodation for the seven participants, who had benefitted from scholarships to support their tuition. The bank officials’ tuition cost was provided by the European Union while the MasterCard Foundation provided scholarships to the representatives of the microfinance institutes. PFIP made a special effort to sponsor female microfinance managers from around the Pacific region. Both PFIP supported applicants were extended scholarships, as well as all PFIP Reserve bank partners.

The 16th annual Boulder Microfinance Training Program is often cited as the primer Microfinance training in the world,and has a strong focus on sustainability, management, policy and regulation. The training provides an excellent opportunity for learning, dialogue, and debate with expert faculty and microfinance professionals from leading institutions around the world.

The seven participants supported by PFIP include Owen Kose (Bank of Papua New Guinea), Iosefo Bourne (Central Bank of Samoa), Noel Vari (Reserve Bank of Vanuatu), Neumi Usumaki (Reserve Bank of Fiji), Raynold Moveni (Central Bank of Solomon Islands), Lavenia Baro (Fiji Council of Social Services Microfinance Unit) and Dorinda Work (Microfinance West, Lautoka).

The Boulder institute attracts some of the best minds in the microfinance business and they have a dedicated set of courses for MFI managers and regulators. We are very grateful to our friends at MasterCard Foundation and the European Union for their strong support of the Pacific. This will be the first group of Pacific Islanders to attend and we are sure they will return energized and prepared to help the unbanked gain access to the financial services they require,” said Tillman Bruett, Regional Advisor of PFIP.