Microfinance Innovation & Outreach Programme (MIOP)

Financed by the International Fund for Agricultural Development the Microfinance Innovation & Outreach Programme (MIOP) brought new approaches to designing, implementing and funding projects aimed at improving the lives of poor rural people and providing partners the space to experiment and innovate. The objective of this program was to improve and increase poor people's access to a wide range of financial services and products. The programme supported the development and testing of many types of microfinance products, including livestock insurance, leasing arrangements and equity partnerships, as well as Islamic modes of financing based on profit-sharing. It encouraged development of new financing systems, including systems that reduced the burden of debt, minimize risk and promote asset creation. The program aimed at providing financial services and products to people in remote communities and to overcome cultural and religious barriers relating to traditional credit, as well as gender bias and inappropriate delivery systems.