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

Online, February 28, 2011 (Newswire.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 doings 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.

Leaders face challenges in identifying the interests of different stakeholders in a microfinance venture in Africa, and Managers face challenges in figuring out which steps to take to maintain the microfinance enterprise. The global financial crisis has made microfinance in Africa even more difficult. 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