Institutional Capacity Building for Somali Microfinance Association (SOMMA)
This comprehensive institutional capacity building program strengthened the Somali Microfinance Association (SOMMA) to operate as a robust umbrella organization for Somalia's microfinance sector. The initiative enhanced SOMMA's organizational capacity through strategic policy development, digital transformation, and targeted training programs. Key interventions included establishing governance frameworks, developing a cloud-based member management system, creating research capabilities, and building advocacy capacity to promote favorable regulatory environments. Through interactive capacity building sessions, stakeholder engagements, and practical training modules, the program equipped SOMMA with the tools and expertise needed to effectively support member MFIs in delivering accessible financial services to marginalized communities across Somalia.
Client
Somali Microfinance Association (SOMMA)
Sponsored by
Institutional Capacity Building Program
Time
6 Months
CERTIFICATE MEMBERS
Client Background
The Somali Microfinance Association (SOMMA) serves as the umbrella organization for microfinance institutions operating in Somalia. SOMMA is mandated to strengthen the microfinance sector by providing advocacy, coordination, and capacity building support to its member institutions to enhance financial inclusion for marginalized communities in rural and remote areas.
Client Testimonial
The training program on budgeting and PFM organized by Waayeel Consulting exceeded my expectations. The facilitators were highly knowledgeable professionals who used practical examples that made the concepts easy to grasp. My skills in budget planning, implementation and reporting have significantly improved. I now feel more empowered and confident to champion transparency and accountability in managing scarce public funds.
Mohammed Abdirizak
Senior Officer, Budget Department at the Ministry of Finance