Activity period: 2011 - 2014

Objectives

To create and share knowledge on remittances building on the AG members experience to identify the best ways for FSPs (and other parties if applicable) to become successful actors in the remittance business; and ensuring that lessons learned, best practices, toolkits, market information (i.e., prices and conditions) and financial education are effectively shared with FSPs, the senders and the receivers (and other parties if applicable).

The Remittances Action Group gathered together members that believe microfinance institutions are relevant channels to deliver more fairly priced remittance services (dependent on the money transfer organization (MTO) they operate with) and more adapted financial products, particularly when remittances can be linked to savings or loan products.

Resources

• Best Practices Guide for Microfinance Institutions Active in Remittances, prepared by Alexis Sanchez and Gera Voorrips (PHB Development) in collaboration with the Remittances AG, 2014

• Guide des bonnes practiques des institutions microfinance actives dans le secteur des transferts d'argent, prepared by Alexis Sanchez and Gera Voorrips (PHB Development) in collaboration with the Remittances AG, 2014

• Handbook for Financial Literacy for Remittances and Diaspora Investments, prepared by Marie-Sophie Tar and Gera Voorips (PHB Development), published by GIZ, 2012