RIM Holds Successful Risk Management Training in Egypt

Risk Management Initiative in Microfinance (RIM) completed its first training of microfinance institutions in the Middle East, to raise global standards in building comprehensive and appropriate risk management framework in serving the poor. Despite the dire war-torn situation in Yemen, 16 members of Yemen Microfinance Network travelled a long journey to Cairo, Egypt to attend the training, thanks to funding support from MEDA’s (Mennonite Economic Development Associates) EU-funded Yemen Economic Support Programme (YESP) project. Egypt and Jordan microfinance executives were in presence as well, adding to the richness in discussion of the importance of risk management in the region. 
 
Magdy Moussa, CEO of Alexandria Business Association in Egypt and a member of RIM Steering Committee, welcomed RIM and all 24 training participants in Egypt. 
 
After this highly participatory three-day course, facilitated by Adil Sadoq, an expert in microfinance and risk management, the participants left with practical knowledge and tools to apply the RIM Risk Management Graduation Model in their own institutions in Arabic, in addition to receiving complimentary membership for the Professional Risk Managers’ International Association (PRMIA) library of resources for professional risk management. To speak with anyone who has been trained by RIM, visit the directory of RIM trained consultants.

               
 
 

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