Actuaries can make a valuable contribution to the development of the sustainability of the microfinance industry.
Their unique skills in valuations, pricing, product design, financial management, credit rating and management information system design can help advance the capabilities of microfinance organisations.
With some microfinance organisations moving to encompass the provision of insurance and saving services in addition to their lending services, there are increasing opportunities for actuaries to get involved and work alongside developing communities. Volunteering with microfinance organisations is a highly valuable way for actuaries to contribute directly to the development of low-income communities.
The Institute encourages the development of partnerships between actuaries and microfinance institutions, students and volunteer programs and we invite you to get involved and join the conversation.