Talk the walk or walk the talk? That’s the question, and there is really no reason to spend three days holed up in a (very nice!) hotel and talk and babble if nothing comes out of it.
So what did come out of the conference in Nairobi Jan. 27th – 29th? It’s still early to say, but there is no doubt that the will is there. And a lot of very concrete proposals were laid on the table, and maybe the most encouraging thing was that everybody more or less agreed on what needs to be done to improve the cooperation, both on MYC4s part and on the partners’.
MYC4 Deputy CEO, Steven Thomas summed it all up on the last day. Among the expectations from the partners were annual reviews, training in MYC4 systems, increased funding, capacity building and guidelines for handling personal data.
MYC4s expectations were e.g. improvement of portfolio performance, quality growth, implement spot check recommendations, communication with MYC4, social return, active participation in the marketplace and group loans.
Combined the expectation looked like this: Implement closing fee = new products, security/funding behind risk sharing agreements, discuss the business model e.g. the Micro Africa Model, joint marketing, develop and share best practice forms and innovate together.
Below you can watch four short videos. On two of them it’s Jes Colding, consultant, who recaps the outcome of the first two days. On the third it’s Eve Nangendo from Gatsby Uganda, who sums up the expectations of the partners. The fourth is CEO Mads Kjær on the outcome of the group work on the second day.