In 2008, SEDPI’s delivery of trainings increased by 27% from 74 training events in 2007 to 94. The increase in training events was due to the continued patronage of the Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation to conduct training to their management staff in Africa. At the same time, the Ateneo-BPI Microfinance Capacity Building Partnership as well as the People’s Credit and Finance Corporation also were main stays as partners to reach out to more microfinance stakeholders.
As a result, SEDPI was able to increase its number of development organizations reached from 502 in 2007 to 985. Rural banks overtook the number of microfinance institutions reached that was dominated by NGOs in 2007. Cumulatively, SEDPI is able to reach out to 400 rural banks, 275 NGOs, 76 cooperatives and 234 other development organizations. The number of international organizations reached likewise increased.
SEDPI still maintained its positioning of reaching out to small and medium microfinance institutions (those with less than 400 million in portfolio) which comprose 88% of the total outreach.
Coupling the increase in outreach is the improvement in the evaluation of participants of the trainings conducted. SEDPI uses a scale of 1 to 5 in its evaluation where 1 is the poorest performance and 5 as excellent performance. For 2008, rating on SEDPI trainers improved from 4.60 to 4.65 and rating on training topics improved from 4.39 to 4.59.
SEDPI continues to draw inspiration from this achievements and will strive to reach out to more microfinance stakeholders and continually improve the delivery of its services.