LFS FINANCIAL SYSTEMS GMBH
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
LFS Financial Systems GmbH is an advisory and management firm based in Berlin, Germany. LFS specializes in banking and financial sector projects in developing and transitioning countries. Their particular focus is on micro-, small- and medium-sized enterprise (MSME) finance. Having starting as a consulting firm, today LFS also manages and invests in MSME finance. This is accomplished through their participation in Access Microfinance Holding AG.
What is our funding objective?
The capacity development grant to LFS will enable the development of AccessCampus, a training academy for middle and senior managers in the organization's Access Microfinance Holding network banks, many of which are FMO clients. The campus has been developed in order to better enable the network to cope with the pressure to hire, retain and develop skilled people to manage the growing banks. The campus, based in Berlin, complements existing training (local courses, on the job training and short/long term expat consultancy missions) and aims to train the staff that are identified as high potential and support their development into the managers of the network banks. The campus is based on job and soft-skills training, and uses modern techniques for adult education (peer learning, discussion, experience interchange). Aa key benefit of this approach is that people from Access banks around the world learn from each other's experiences.
Why do we fund this investment?
The strengthening of the MFIs and banks that FMO works with builds not only the client's capacity to increase financial inclusion, but also strengthens the pool of skills in the countries in which they operate. This is an important effect because in many countries the skill pool is very shallow. Furthermore, FMO's 2020 strategy is focused on the importance of networks and experience exchange – this is central to this project, and offers insight into alternative ways of achieving this.
- Website customer/investment
- http://www.lfs-consulting.de
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 9/30/2014
- End date
- 7/8/2019
- Total FMO financing
- EUR 0.25 MLN
- Funding
- MASSIF