MyAfricanPlan.com Releases Report, a Thought on Moving Microfinance Forward in Africa

Chicago, IL, March 01, 2011 --(PR.com)-- A new generation of Managers and Leaders can combine the American spirit of charity with the African sense of time in order to do the right thing and do it right for Africa’s poor following the global financial crisis.

Management consultant and social ecologist Peter Drucker once said that “Management is doing things right, and Leadership is doing the right things.” I believe that leaders inspire and managers implement. Leaders are able to envision the evolving interests of different stakeholders in an enterprise and organize these interests so that they align in a way that moves the whole enterprise forward. Managers are then able to breakdown the leader’s vision into actionable steps.

Leaders and Managers are both essential in a world where economic deprivation anywhere can harm economic security everywhere. Consider this statement by Martin Luther King Jr. “Injustice anywhere is a threat to justice everywhere.” Microfinance, defined as a provision of credit and other financial services to the poor, can help Leaders and Managers promote economic fairness.

The global financial crisis (beginning in 2007) increased the challenges of microfinance in Africa. Leaders now face more challenges in identifying the interests of different stakeholders in a microfinance venture in Africa; and Managers now face more challenges in figuring out how to measure the progress of the venture. So here’s a thought: How can Leaders and Managers move microfinance in Africa measurably forward?

Read the rest of the report at http://www.MyAfricanPlan.com

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