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All qualifications and part qualifications submitted for public comment, or registered on the National Qualifications Framework, are public property. Thus, the only payment that can be made for them is for service and reproduction: it is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source. |
SOUTH AFRICAN QUALIFICATIONS AUTHORITY |
REGISTERED QUALIFICATION THAT HAS PASSED THE END DATE: |
Advanced Certificate in Micro Finance |
SAQA QUAL ID | QUALIFICATION TITLE | |||
91826 | Advanced Certificate in Micro Finance | |||
ORIGINATOR | ||||
Centre for Collaboration and Sustainable Development (CCSD) | ||||
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | NQF SUB-FRAMEWORK | |||
CHE - Council on Higher Education | HEQSF - Higher Education Qualifications Sub-framework | |||
QUALIFICATION TYPE | FIELD | SUBFIELD | ||
Advanced Certificate | Field 03 - Business, Commerce and Management Studies | Finance, Economics and Accounting | ||
ABET BAND | MINIMUM CREDITS | PRE-2009 NQF LEVEL | NQF LEVEL | QUAL CLASS |
Undefined | 120 | Not Applicable | NQF Level 06 | Regular-Provider-ELOAC |
REGISTRATION STATUS | SAQA DECISION NUMBER | REGISTRATION START DATE | REGISTRATION END DATE | |
Passed the End Date - Status was "Reregistered" |
SAQA 091/21 | 2021-07-01 | 2023-06-30 | |
LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
2024-06-30 | 2027-06-30 |
In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise. |
This qualification does not replace any other qualification and is not replaced by any other qualification. |
PURPOSE AND RATIONALE OF THE QUALIFICATION |
Purpose:
The purpose of this qualification is to: Rationale: Since the 1990s, microfinance has branched out both in terms of the range of financial and economic services, as well as in terms of how capital is raised. The banks began to access this market in a more significant way. Financial services ranging from savings deposits, loans, insurance to cover life, health, crops and properties are currently being offered. Many microfinance institutions access capital markets, by issuing either equity or debt capital to raise capital. There are others who have been able to securitise their loans and thus attract capital by issuing microcredit backed securities. Technological innovations have also increased the pace of the evolution of microfinance, thereby, changing the landscape. This qualification is designed to develop the learners and their understanding of modern Microfinance theory and practice. It is a qualification that covers the traditional microcredit, most recent micro financial services and the role of banks in microfinance, varying from retail commercial banking services addressed towards the financially excluded economic agents to the function of large investment banks in microfinance. The principal objective is to forge an understanding of the theories underlying contemporary microfinance, demand and supply of microfinance, products and services, sustainability and outreach, risk management, the role of regulation and other key topics. With reference to the above, the Centre for Collaboration and Sustainable Development addresses the exclusive niche gap in the formal education and training of microfinance practitioners at NQF Level 6. Currently there are no formal accredited or registered higher education qualifications offered to microfinance practitioners at this NQF Level. This qualification will therefore, contribute to the professionalisation of the microfinance sector in South Africa. It is believed that the microfinance industry has thus far in South Africa been a neglected industry in terms of the availability of higher education study opportunities. This qualification will enable more micro finance practitioners to prepare for possible entrance into further higher education studies. |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
The learners are assumed to be competent in Mathematics at NQF Level 4 and ought to demonstrate communication and writing skills in English at NQF Level 5.
Recognition of Prior Learning (RPL): Access to the qualification can be granted through Recognition of Prior Learning assessment based on the exit level outcomes for the qualification at NQF Level 5. To demonstrate the potential to succeed in the qualification, the assessment will consist of (1) a theoretical challenge examination to demonstrate the cognitive potential to succeed and (2) a portfolio of evidence submitted within the predetermined framework to demonstrate the practical potential to grasp the contextual issues related to the microfinance subsystem. (3) The institution reserves the right to conduct an assessment interview to validate the authenticity of the portfolio of evidence. The purpose of the three-pronged approach to the assessment is to ascertain the potential to demonstrate applied competence at NQF Level 6. Credits will be granted where competency in a specific module is established by the assessor. Access to the Qualification: The access to this qualification is granted to applicants who meet the minimum entrance requirements or the alternative routes of entry. Applicants who are in possession of a Higher Certificate in a relevant area of study such as Banking or Financial Management. |
RECOGNISE PREVIOUS LEARNING? |
Y |
QUALIFICATION RULES |
This qualification comprises 11 compulsory modules at NQF Level 6, totalling 120 Credits.
|
EXIT LEVEL OUTCOMES |
1. Demonstrate an understanding of the main areas in the field of micro finance practices, including an understanding of and the ability to apply the key terms, concepts, facts, principles, rules and theories of micro finance.
2. Demonstrate an understanding of micro finance, financial inclusion and exclusion; and the role of commercial banks. 3. Demonstrate an understanding of different forms of knowledge, schools of thought and forms of explanation typical within the field of micro finance. 4. Demonstrate an ability to evaluate, select and apply appropriate methods, procedures or techniques in processes of investigation or application within a defined micro finance context. 5. Describe, evaluate and apply solutions based on evidence and procedures appropriate to the field of the micro finance. 6. Demonstrate an understanding of the ethical implications of decisions and actions within a professional micro finance context based on an awareness of the complexity of ethical dilemmas faced by micro finance practitioners. |
ASSOCIATED ASSESSMENT CRITERIA |
Associated Assessment Criteria for Exit Level Outcome 1:
Associated Assessment Criteria for Exit Level Outcome 2: Associated Assessment Criteria for Exit Level Outcome 3: Associated Assessment Criteria for Exit Level Outcome 4: Associated Assessment Criteria for Exit Level Outcome 5: Associated Assessment Criteria for Exit Level Outcome 6: Integrated Assessment: This qualification will use both formative and summative assessment to assess the competencies of the learners. This integrated assessment will be in the form of tests, assignments, case studies and a minor research project. |
INTERNATIONAL COMPARABILITY |
The Microfinance Association in the United Kingdom offers a Certificate in Microfinance which provides a broad based, practical introduction to the key ideas, techniques and skills needed to be a microfinance practitioner. The Certificate is ideally suited to the needs and aspirations of both those who are new to microfinance and those who need a wider understanding of the sector. The qualification is flexible and allows the learner to fit studies around work and social commitments.
The qualification consists of the following modules: Mount Kenya University offers an Advanced Certificate in Microfinance which aims to: The qualification consists of the following modules: Conclusion: Although the international qualifications used for comparison differ slightly in some module competencies the level of competence and duration are equal to those of the Advanced Certificate in Micro Finance. Thus it can be stated that this qualification meets international standards. |
ARTICULATION OPTIONS |
This qualification offers both horizontal and vertical articulation opportunities for the qualifying learner.
Horizontal articulation with other qualifications, at NQF Level 7 includes the: Vertical articulation with other qualifications, at NQF Level 7 includes the: |
MODERATION OPTIONS |
All assessments will be conducted only by suitably-qualified assessors and all assessments will be moderated internally and externally. |
CRITERIA FOR THE REGISTRATION OF ASSESSORS |
The assessor must have:
|
NOTES |
N/A |
LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: |
NONE |
PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION: |
This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here. |
1. | Centre for Collaboration and Sustainable Development (CCSD) |
All qualifications and part qualifications submitted for public comment, or registered on the National Qualifications Framework, are public property. Thus, the only payment that can be made for them is for service and reproduction: it is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source. |