Monday 26 October - Friday 6 November 2015
5pm - 8pm

Monday, Wednesday and Friday (three days per week, 2 weeks in total, 5pm - 8pm)

Accredited by the University of Greenwich, London, UK

Course Objective

This course is designed to enable participants to be effective investors, supporters, donors, legal advisors, board members and commentators on microfinance, financial inclusion and the institutions, which provide these services.

Course Content

  1. Understanding Microfinance and Financial Inclusion.  This introductory session takes a historical perspective and examines the various approaches taken by commercial banks, non-governmental organisations, credit unions, governments and microfinance institutions. It will define the concept of microfinance and financial inclusion, the paradigm shift and the evolution to sustainable entities and social enterprises.
  2. Importance of Financial Statements. Micro-enterprises and microfinance institutions deal with specific financial statements. In non-accounting and simple language, this session will enhance understanding of profit/loss accounts and balance sheets, and explore the notion of savings club and micro-entrepreneurship.
  3. Building blocks for starting microfinance programmes. From the initial stages of research, this session will provide insights into starting microfinance programmes: mission setting, planning and designing, implementation and evaluation.
  4. Measuring Performance. Touching on the financial structures and outreach indicators, this session will teach you how to evaluate and measure the overall financial performance of microfinance programmes for financial inclusion. It draws on key concepts of revenue, expenditure, efficiency, productivity, risk and liquidity – and challenges you to delve into the technical aspects of microfinance.
  5. Savings, micro-insurance and other financial products. To achieve greater financial inclusion, microfinance institutions need to go beyond micro-credit. Here, we will discuss the evolution to fully-fledged financial institutions providing savings, micro-insurance, remittances and other financial products.
  6. Case studies around the world. Microfinance and financial inclusion manifest themselves in different ways in different contexts, be they in Asia, Africa, Latin America, USA or UK . In this session, we will investigate a case study from varying countries, taking into account the different environments, cultures and socio-economic background. The richness of these experiences will provide the basis for your course assessments too.
  7. Sustainability and Profitability. Should the aim (of microfinance and financial inclusion) be purely poverty alleviation or should they be sustainable and profitable? This session deals with the issue of how to fund these institutions and engages you in a discussion of the real challenges that microfinance institutions face.
  8. Social Performance and Impact. How can microfinance institutions achieve social goals that go beyond financial inclusion? The session will discuss the need for entwined processes required to attain social aims and possible ways to measure impact.
  9. Regulation and Supervision. Can microfinance institutions remain unregulated and unsupervised? How does this affect their clients and their ability to achieve greater financial inclusion? The session will present the case for an appropriate regulatory and supervisory system for microfinance and financial inclusion.
  10. The Way Forward. In the past 40 years, microfinance institutions have evolved significantly. What are the key challenges for them to achieve greater financial inclusion? What are the opportunities and possible ways forward? Key experts will debate and discuss the most plausible scenarios for a better future.

Course assignments

  • One group report & presentation
  • One individual essay

Our team

Course Director: Professor Ana Marr

Professor of International Development Economics

University of Greenwich, London, UK

Course Tutor: Mr Sadrudin Akbarali FCA; CTA

Formerly Senior Programme Manager for Aga Khan Agency for Microfinance


The course starts on 26 October 2015 and finishes on 6 November 2015 (2 weeks).


5pm - 8pm each day. Three days per week over 2 weeks.


University of Greenwich, Old Royal Naval College, Park Row, London SE10 9LS.


International students: £975

Home/EU students: £600

Entry Requirements:

BA or BSc in relevant discipline (Economics, Finance, Development Finance etc) and/or some work experience in related subject.

For non-EU foreign students, it is required that they already have UK Tier 1, 2 or 4 visa prior to submitting an application to this course. 


First step: Register your interest with Ms Alexandra Kubit-Hope,

Second step: To complete your online application please visit: and complete the steps below:
1.Select 'first time account user creation'
2.Select 'application type post graduate'
3.Under Programme information please use the following information:
Month/ Year of entry: September 2015
Programme of Study: Programme Code: P09927. Postgraduate Credit Associate Post-Graduate Student - Bus/Man't.

Please make sure that you have selected the programme code and name correctly, otherwise the processing of your application may get delayed significantly. Important: In your personal statement, please write the name of the course: Microfinance and Financial Inclusion. Failure to do this may delay your application significantly.

Mode/point of entry: part time/ year 1
And continue with the registration process.

Once your application is approved, you will then be asked to register. Further details about your registration will be sent to you closer to the time.

Contact details:

Alexandra Kubit-Hope
Tel: +44(0) 208 331 9840

For more information regarding admissions and finance, please visit: