CONCEPT NOTE FOR MISS MICRO-FINANCE, (MM) MMN PROJECT INTRODUCTION:
The relevance of access to financial services for women entrepreneurs to development, poverty reduction, decent work and the achievement of MDG’s 3, 4 and 5 has been established. Financial access implies access to broad range of financial services including credit (education and business), insurance, and savings. Yet access to financial services does not receive sufficient attention in terms of women entrepreneurship development strategies. In this regard, the concept of microfinance has proven to be the required tool to encourage women empowerment. Nevertheless, the microfinance concept has suffered setbacks in terms of lack of publicity and high savings/deposit portfolio, low government patronage, policy misconception and negative mindset amongst others. The Miss Microfinance is a deliberate strategy to bring about the much desired attention and attraction to the microfinance subsector in with particular interest in Africa. MM Beauty Pageant is a beauty event whose raison d’etre is to have its candidates and winners actively promote and get involved in the promotion of microfinancing and women financial inclusion. Apart from a strong advocacy on micro-economic centred programs, MM also aims to showcase, encourage and mobilize the involvement of young girls in general to shine the spotlight on microfinance activities thereby creating a sensational awareness and dispelling off of misconceptions and misinterpretations about microfinance while uplifting and repositioning our young girls to become business and political leaders in their communities and campuses. MM is conceptualized to build its reputation as the most relevant and worthwhile beauty event in Africa, setting a legacy of beauty, brains and responsibility as well as becoming a symbol of unparalleled pulchritude and enduring advocacy across the African continent in the coming years. The winners of MISS MICROFINANCE will serve as the Ambassador to Microfinance support and promotion campaigns worldwide as well as the model for microfinance best practices in Africa.
- PROVIDES A STRONG AND UNITED PLATFORM TO ENGAGE EXPERTS, DEVELOPMENT PARTNERS AND THE UNITED NATION FOR THE PURPOSE OF DIRECTION ON MICROFINANCE INTERVENTION PROJECTS AND BEST PRACTICES IN AFRICA
- PROVIDES A PLATFORM TO NETWORK AFRICAN ROLE MODELS IN THE ENTERTAINMENT INDUSTRY TO ENHANCE AND ENCOURAGE AFRICA YOUNG GIRLS TO ALIGN TOWARDS THINKING BUSINESS
- ATTRACT INTERNATIONAL AND INVESTORS FUNDS TO THE AFRICAN MICROFINANCE ENVIRONMENT
- ORGANISE BEAUTY QUEEN CONTESTANTS INTO COOPERATIVES FOR SPECIALISED TRAINING AND FUNDING PURPOSES
CATEGORIES OF WINNERS
Miss Microfinance Global Ambassador (to be replicated across select African states culminating in an official ceremony to pick the major Miss Microfinance that will become the world microfinance ambassador)
(1st runner up)
(2nd runner up)
(3rd runner up)
SLOGAN: Giving Microfinancing a voice and a Face-lift…
VISION: A developed Africa via supporting Sustainable Businesses For Sustainable Jobs through a responsive and effective microfinance sector.
MISSION: REFOCUS WOMEN EMPOWERMENT FROM ADULT WOMEN EMPOWERMENT (AWE) TO ADULT GIRLS EMPOWERMENT (AGE)
RATIONAL AND JUSTIFICATION:
Recent data show that 80 percent of micro and small business owners are not aware of government agencies established to provide business support services that will facilitate financial access for enterprise development.
More so, studies conducted by the Nigeria National Bureau of Statistics indicates that age distribution of micro and small business owners are high among the ages of 40 – 50 years of age, unlike in developed countries where youngsters (18 – 35years) are leading in technology development.
Facilitating financial access for adult girl entrepreneurs is a critical strategy for future women enterprise development and economic empowerment and makes good economic sense. It will spur human development, reduce poverty, prostitution and income disparity and facilitate the achievement of gender equality in Nigeria.
It is noteworthy to mention that enterprise development for adult girls also ultimately leads to a change in the labour market dynamics and catapults an increased labour participation of women which has great potential as a contribution to economic development.
Suffice to say that the enterprise development is at the heart of sustainable development and the necessary impetus must be given to the creation and development of adult girls owned enterprise.
A. Proceeds from proprietary and marketing rights
B. Funding from local and international donors and development partners
C. Royalties from established and successful micro-entrepreneurs
D. Courtesy and advocacy visits
E. Quarterly monitoring and evaluation and feedback mechanism to key partners
MM PROJECT STRATEGY The strategy is formulated on the basis that local and international institutions, government and private organisations as well as individuals respect and recognise beauty queens with responsibility. In addition to the goodwill enjoyed by beauty queens, the pageant provides an opportunity to organise thousands of young girls into cooperatives which will enable for specialised business modelling and funding as well as a platform for beauty products manufacturing and telecom companies to support young girls with franchise.
ROLES OF THE MM
1. Promote financial inclusion of young girls through her activities during her tenure
2. Advocate for full actualization and implementation of the United Nation document on African microfinance as the Ambassador of Microfinance.
3. Lobby for relevant legislative provisions and backing for the microfinance subsector example; (establishment of MICROFINANCE LOAN ARBITRATION PANEL).
4. Promote micro-franchising in Africa.
5. Promote state and local government participation in microfinancing.
6. Expand microfinance activities by promoting financial and cooperative education to the tertiary institutions.
7. Host regional workshop every quarter that focuses on research and innovation in the market/sector.
ELEMENTS OF THE STRATEGY:
A. The reigning titleholders to dedicate their year to promote specific microfinance projects and often address issues concerning microfinance policies and other micro-economic issues through tertiary school tours and trainings, e-enterprise empowerment and exhibition activities, capacity building trainings and workshops, street campaigns, coastal clean ups, speaking engagements, shopping mall tours, media gusting, storytelling/Tv programs, and other social activities.
B. MOBILISATION OF AMAZONS (CROWNED MATRONS OF MICROFINANCE); to lobby National and State legislators for positive MFB legislations as well as to increase executive funding for microfinance.
C. MOBILISATION OF OTHER BEAUTY QUEENS; to leverage on women empowerment sensitivity to raise funds and grants for microfinance best practices, product and services replication. D. Provide publicity to dispel negative mindsets across our tertiary institutions and beyond; raise attention of policy makers and private and public sector managers to activities and possibilities in the microfinance sector. E. Provide the needed voice in the sector as well as legal and logistical support.
The Central Bank of Nigeria in 2005 introduced the Microfinance Policy and since then, has continued to research, enact and support policies and programs geared at improving the sector, to this end, established the apex umbrella body for microfinance banks and microfinance institutions. These are the national association of microfinance banks and association for non-bank microfinance institutions in Nigeria.
At this point, we have secured partnership arrangement with these apexes and we are working together on the project in anticipation of getting CBN’s sponsorship. More so, on their part, in promoting efforts to strengthen the business case for gender equality, UN Women and the UN Global Compact has developed the women’s empowerment principles, which outlined seven steps for business on how to empower women in the workplace, the market and the community. This has been endorsed by hundreds of CEO’s globally.
It goes to show that the possibility of getting sponsorship from private organisations is highly probable. Furthermore, flowing from CBN’s annual microfinance conference, various state government has been showcased as best support microfinance state governors, efforts will equally be made to leverage on their goodwill to support the project in addition to other private organisations and initiatives of the Miss Microfinance Nigeria team.
HISTORICAL PERSPECTIVE OF BEAUTY QUEENS
When Beauty contest began, they were viewed as trivial events whose interpretation carried not much recognition, however, Miss America and subsequently Miss Nigeria has made significant attempt and impact to ensure that beauty pageants does not appear as a stereotypical event. One of the major goals of pageants is the promotion of a particular objective. Pageants most times aligned with community or social organizations to raise money for charities. Major international contests for women include the yearly Miss World competition (founded by Eric Morley in 1951), Miss Universe (founded in 1952), Miss International (founded in 1960) and Miss Earth (founded in 2001). These are considered the “Big Four” pageants, the four largest and most famous international beauty contests in the world and our own Miss Nigeria.
Going forward, 2002 was a remarkable year for beauty contest across the world, for the first time, number of winners from countries with a majority Muslim population emerged. In that year Miss Lebanon, Chritiana Sawaya won the Miss International pageant, Miss Turkey, Azra Akin won Miss World, and the winner of Miss Earth for that year was Dzejila Glavovic from Bosnia and Herzogovina. In 2006, the Muslim nation of Pakistan crowned its first Miss Bikini Universe, Mariyah Moten. Saudi Arabia joined the pageant world in 2010 with the Miss Congeniality pageant in which Contestants are judged on ethics and good behaviour for the title “Queen of Ethics”. Some achievement of beauty pageant can be seen looking at the activities of The Miss Earth. The winner of the Miss Earth contest serves as the spokesperson for the Miss Earth Foundation, the United Nations Environment Program (UNEP) and other environmental organizations. The Miss Earth Foundation also works with the environmental departments and ministries of participating countries, various private sectors and corporations, as well as Greenpeace and the World Wildlife foundation (WWF). The Miss Earth pageant started to co-host in 2006 the United Nations Environment Programme’s Champions of the Earth, an annual international environment awards established in 2005 by the United Nations to recognize outstanding environmental achievers and leaders at a policy level.
- AUDITION PARTICIPANTS:
- EXHIBITION PARTICIPANTS:
ASSOCIATION OF MICROFINANCE BANKS/INSTITUTIONS MEMBERS
SMALL BUSINESS OWNERS
INTERNET SERVICE PROVIDERS
INLAND REVENUE SERVICES
BEAUTY PRODUCTS MANUFACTURERS
- AUDITION PROCEDURE:
- MENTAL CRITERIA
ESSAY ON MICROFINANCE IMPACT AND CHALLENGES
RESEARCH ON NUMBER OF MFI/MFB OPERATIONAL IN THE STATE AND THEIR ADDRESSES AS WELL AS THEIR SUCCESSES
RESEARCH ON MICROENTERPRISE IN THE STATE AND THEIR CHALLENGES
RESEARCH ON TECHNOLOGY ADVANCEMENT OF MFI/MFB’S
RATE MFI/MFB’S PERFORMANCES TO THEIR CLIENTS
RECOMMEND PRODUCTS THAT CAN EFFECTIVELY IMPACT MFI/MFB’S
- JOIN US IN THE CAMPAIGN FOR ADOPTION! July 13, 2017
- Photo-gallery July 3, 2017
- MMGA STEPS UP FINANCIAL LITERACY AND WASH CAMPAIGN February 1, 2017