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On the west coast of India, overlooking a deep natural harbor Dennis Smith Jr. Jersey , sits the city of Mumbai, formerly known as Bombay. As far as world cities go, Mumbai is hugely significant in its size, economic output and cultural contributions. As the fourth largest city in the world, the metropolitan area of Mumbai is home to 19 million people and is the commercial and entertainment center of India. The city is responsible for five percent of India's GDP and is home to many of India's most powerful financial institutions, as well as the world famous Bollywood film community. Overwhelmingly dense and complex, Mumbai is rife with poverty and yet streaked with opportunity - if you know where to find it.
Microfinance is helping to bring more of India's lower class into the mix of those who are capitalizing on Mumbai's growth. And yet, in an environment like this Patrick Ewing Jersey , microfinance institutions need to understand and implement the very best practices for the region, not just the general best practices that apply everywhere. And that's where the ACCION Global Training Center demonstrates its potential.
Located near a railroad intersection that brings Indians from across the region into the central Mumbai location, the training center provides instruction and knowledge to microfinance practitioners on a daily basis so that they, in turn, can bring much needed financial services to the local populace - many of whom are unbanked, with no access to working capital or a safe place to save what money they have.
According to Val茅rie Kindt, Principal Senior Director and manager of the Global Training Center in Mumbai, "There is a direct correlation between the success of a microfinance institution and the training provided to its staff." And training is not just about keeping the bank's bottom line looking healthy Carmelo Anthony Jersey , it is also critical to the underlying social mission of microfinance - to help the poor. Val茅rie explains that proper training for loan officers in the field up to high-ranking executives helps to ensure consumer protection, so that the clients get the services they need by the most respectful and helpful means possible.
ACCION's Global Training Center in Mumbai is one of five such training centers that will be located across India, with the other four opening by June 2010 in Patna, Bihar; Bangalore, Karnataka; Vadodara, Gujarat; and Pune, Maharashtra. In total, the Global Training Centers in India plan to award 2 New York Knicks Jersey ,500 certificates for training sessions to approximately 1,000 unique participants, providing them with the opportunity to benefit from multiple training sessions.
The strategy behind the Global Training Centers is to train microfinance practitioners of all levels and from any microfinance institution, but with tailored curriculums that address the challenges particular to their position and professional context. Generally, trainees fall into one of three categories: executives, mid-level managers and loan officers.