Non Financial services and MFIs

Non-financial services refer to the various services that microfinance institutions (MFIs) provide to their clients in addition to financial services. These services are designed to support the overall development of clients and their communities, and to enhance their social and economic well-being. Here are some examples of non-financial services provided by MFIs:

Business Development Services: MFIs offer business development services (BDS) to help clients improve their business skills, such as marketing, production, and financial management.


Financial Education: MFIs offer financial education to help clients understand financial concepts and build financial literacy, such as budgeting, savings, and investment.


Health Education: MFIs offer health education to help clients understand and adopt healthy behaviors and practices related to sanitation, hygiene, nutrition, and disease prevention.


Training and Capacity Building: MFIs offer training and capacity building to their clients and staff to enhance their skills, knowledge, and capabilities in various areas, such as entrepreneurship, leadership, and community development.


Advocacy and Networking: MFIs engage in advocacy and networking activities to promote the interests of their clients and the microfinance industry, such as lobbying for favorable policies and regulations.

Non-financial services are important because they help to address the broader needs of clients beyond their financial needs, and they contribute to the overall development and empowerment of clients and their communities. By offering non-financial services, MFIs can improve the impact of their financial services, and help clients achieve greater social and economic well-being.