Columbia Business School students' suggested effective growth strategies for KeyCredit, a startup microfinance institution in Ghana. They used connections in the industry, including Microlumbia, to advise Keycredit on their expansion.
The Pangaea Advisor's team recommended an expansion strategy for Keycredit Microfinance based on extensive research and industry relationships. Keycredit's mission is to increase their clients' self reliance through financial services, and is planning on a 20-fold increase in size over the next four years. To effectively manage this expansion, Keycredit is drawing on the skills, knowledge and experience of the Pangea Advisors to plan sustainable growth.
Microloumbia, an independent non-profit affiliated with Columbia Business School, which provides strategic consulting and investing to microfinance institutions is partnering with Keycredit to assist their growth. Microlumbia's experience and relations with microfinance institutions enabled the Pangea Advisors to present KeyCredit with recommendations about staff training and retention, effective customer relations and internal management. For one Pangaea team member, this was her first time working in the microfinance industry. Her time in Ghana working directly with a social entrepreneur was eye opening, as she saw first-hand microfinance's daily impact on people's lives.