Microfinance Technology is an emerging field that combines the principles of microfinance with technological innovations to provide efficient and effective financial services to individuals and small businesses. TESDA offers two courses in microfinance technology – NC II and NC IV.
Also read: Full List of TESDA NC2 / NC II Courses
These courses are designed for individuals who want to work in microfinance institutions or start their own microenterprise, as well as current employees in the microfinance industry who want to upgrade their skills. These courses also serve as a stepping stone for those who wish to pursue higher education in the field of finance, banking or entrepreneurship.
Benefits
Here are some of the benefits of taking Microfinance Technology courses by TESDA:
- Learn Microfinance Essentials – Master the basics of microfinance, including loans, savings, and insurance for small businesses, and build valuable skills for this growing industry.
- Boost Career Opportunities – With rising demand for microfinance professionals, a TESDA certification gives you an edge in landing jobs or starting your own business.
- Support Poverty Reduction – Microfinance empowers communities by funding small businesses. Gain skills to make a difference in economic development.
- Build Your Network – Connect with industry experts, peers, and potential employers, opening doors to collaborations and job opportunities.
Microfinance Technology NC II
Microfinance Technology NC II equips individuals with skills to provide microfinance loans and services for small businesses. It includes selecting areas for operations, promoting products, forming client groups, facilitating meetings, processing loans, collecting dues, and updating financial records.
Units of Competency
The units of competency comprising this qualification include the following:
Basic Competencies
- Participate in Workplace Communication
- Work in Team Environment
- Practice Career Professionalism
- Practice Occupational Health and Safety Procedures
Common Competencies
- Provide Quality Customer Service
- Comply with Quality and Ethical Standards
- Perform Computer Operations
Core Competencies
- Select Potential Area for Microfinance Operation
- Promote Microfinance Products and Other Services
- Form Group of Microfinance Clients
- Facilitate Center Meeting
- Process Application for Loans and Other Services
- Collect Dues
- Update Financial Records
Career Opportunities
A person with this qualification can work as a:
- Microfinance Loan Officer
- Microfinance Project Officer
- Microfinance Account Officer
- Microfinance Socio-Economic Officer
Training Duration
- Basic – 18 Hours
- Common – 74 Hours
- Core – 311 Hours
Total: 403 Hours
Qualifications
Students or trainees seeking entry into this course should meet the following requirements:
- Ability to communicate effectively both orally and in writing
- Physically and mentally fit
- Good moral character
- High school graduate
- At least 16 years old
Note: Additional institutional requirements, such as educational background or work experience, may also apply based on the training center or educational institution delivering the program.
Sample of Certificate of Completion
Microfinance Technology NC IV
The Microfinance Technology NC IV course trains individuals to provide microfinance services for small businesses. It covers supervising loan officers, managing microfinance products, monitoring workplans, and evaluating staff performance.
Units of Competency
The units of competency comprising this qualification include the following:
BASIC COMPETENCIES
- Utilize Specialized Communication Skills
- Develop Teams and Individuals
- Apply Problem-Solving Techniques in the Workplace
- Collect, Analyze and Organize Information
- Plan and Organize Work
- Promote Environmental Protection
COMMON COMPETENCIES
- Provide Quality Customer Service
- Comply with Quality and Ethical Standards
- Perform Computer Operations
CORE COMPETENCIES
- Supervise MFI Loan Officers
- Oversee Implementation of Microfinance Products and Services
- Monitor Progress of Workplan Implementation
- Evaluate and Support Staff Performance
Career Opportunities
A person with this qualification can work as a:
- Supervising Microfinance Loan Officer
- Microfinance Supervisor
- Microfinance Team Leader
Training Duration
- Basic: 36 Hours
- Common: 74 Hours
- Core: 247 Hours
- On-the-Job/Practical Training: 528 Hours
Total: 885 Hours
Qualifications
Students or trainees who wish to enroll in this course should meet the following requirements:
- Ability to communicate effectively in both oral and written forms
- Physical and mental fitness
- Good moral character
- Holder of Microfinance Technology NC II certification or at least two years of experience as a Loan Officer
Note: Additional institutional requirements, such as educational background or work experience, may also apply based on the training center or educational institution delivering the program.
Requirements
To enroll in, you will need the following documents:
- PSA Birth Certificate
- High School or College Diploma
- Certified True Copy of Official Transcript of Records or Form 137
- Certificate of Good Moral Character or GMRC
- 1 x 1 and/or 2 x 2 pictures
To obtain further details, please reach out to the enrollment site that aligns with your requirements. Kindly note that the criteria may vary.
Also read: How to Apply for a Scholarship in TESDA
Summary
The Microfinance Technology courses offered by TESDA provide a comprehensive and practical education on microfinance, empowering individuals to make a difference in small businesses and communities. With various levels of certification available, individuals can choose the course that best suits their needs and goals. So if you are interested in pursuing a career in microfinance or simply want to upgrade your skills, consider enrolling in these courses and take the first step towards making a positive impact in the world of finance. Your journey towards becoming a skilled and knowledgeable microfinance professional starts here with TESDA! Remember, with determination and hard work, anything is possible.