Deki is introducing a new tiered approach for Field Partners in 2019. This new enhanced performance management process will help us ensure quality support for all loans and protect lender funds. It will also improve risk management and will assess what support Partners need.
Deki provides micro-finance for first time borrowers, who otherwise would have no access to financial services, which unfortunately can be risky. Deki’s due diligence and safeguarding processes are in place to mitigate risks as much as we can. We aim to partner with organisations who have experience of working with these beneficiary groups, and share the same vision and mission with Deki – to help people lift themselves out of poverty for good.
Field Partners are the cornerstone of the work we do. They are the micro-finance organisations on the ground who identify entrepreneurs in need of support. They disburse the loans once they are fully funded on our website, provide business and social training and collect the repayments. As you can see, their work is complex and requires a strong partnership between Deki and the field office to make sure your loans provide opportunities to the most marginalised. Following this years’ monitoring and evaluation review, we have strengthened the selection process to make sure we can provide loans and training to people who most need it.
Each community we work with have their own specific challenges. By providing financial and social training alongside a Deki loan, we can help overcome some of these challenges. We are working hard with our field partners to help these individuals, and put support in place. With support, loan repayments will be more frequent, and arrears will be lower.