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Volunteer as Stabilization Advisor to Malawi Union of Savings and Credit Co-operatives (MUSCCO)

Company
CCA-ACC
Brief Description

WHEN: As soon as possible 

DURATION: 3 (three) to 6 (six) months, some ongoing distance support as needed

APPLICATION PROCESS:  Please send a detailed letter of interest specifically outlining your experience with credit unions placed under supervision and how you might approach this situation along with a copy of your resume to Sarah Feldberg, Volunteer Coordinator at sarah.feldberg@coopscanada.coop.  Application deadline is March 6, 2012.  Due to the time sensitive nature of this posting, CCA may choose to screen candidates as suitable applications come forward.  Only qualified candidates will be contacted for an interview. 

*This is a voluntary assignment. All related costs including domestic airfare, ground transport, and a meal/incidental allowance will be covered by CCA.  For more information contact Volunteer Co-ordinator, Sarah Feldberg.

BACKGROUND

MUSCCO is seeking an experienced credit union professional to assist in the stabilization of FINCOOP SACCO.  FINCOOP, Malawi's largest SACCO was placed under supervision by the Registrar of Co-operatives and the Reserve Bank of Malawi in January 2012.  Day to day management and stabilization of the SACCO has been delegated to MUSCCO.  The preferred candidate will be able to demonstrate that they have direct management experience in leading a credit union through financial and operational recovery.   

In close collaboration with senior management of MUSCCO  and FINCOOP the Stabilization Advisor will work with MUSCCO management and FINCOOP staff  to develop a recovery plan including:

  • a communications strategy to maintain member and system confidence
  • classification of the loan portfolio with appropriate recovery strategies for each classification
  • branch restructuring

Also:

  • develop a staff restructuring plan to maximize human resources
  • mentor staff into their new roles
  • strengthen policies and procedures and develop mechanisms to ensure adherence to policies
  • orient and mentor interim Board of Directors in their roles and responsibilities
  • develop transparent reporting systems to the Board of Directors
  • review the current products and recommend products and services in order to improve service and strengthen FINCOOPs financial position
  • support MUSCCO in their interaction with the Reserve Bank of Malawi and other stakeholders

The Stabilization Advisor will be expected to deliver a series of inputs over a period of up to three years depending on the progress of the SACCO.  The initial input is expected to be a minimum of 3 months and a maximum of 6 months, with subsequent inputs of approximately 30 days every 6 months.

Canadian Co-operative Association
The Canadian Co-operative Association (CCA) is a national association for co-operatives in Canada, representing more than ten million co-operative and credit union members from over 2,000 organizations.  Individual co-op members are represented by CCA either directly through their co-operative, through their provincial co-op associations or credit union central, or through sectoral organizations. CCA provides leadership to promote, develop, and unite co-operatives and credit unions for the benefit of people in Canada and around the world.    For more information about the mentorship program, visit our website.  

Core funding for this program is provided by the Partnership Program of the Canadian International Development Agency (CIDA) and CCA's charitable funding partner, the Co-operative Development Foundation of Canada (CDF).    

MUSCCO
Malawi Union of Savings and Credit Cooperatives (MUSCCO) is a member-based organisation of Savings and Credit Cooperatives (SACCOs) operating throughout Malawi.  MUSCCO was established 15th September, 1980 with a mandate to promote service and support SACCOs in Malawi. At the same time that MUSCCO was formed there were 26 SACCOs with savings amounting to MK360,000 and a loan portfolio of MK354,000. Both MUSCCO and SACCOs have experienced steady growth since 1980.