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Financial Services

Scalable and sustainable solutions for governments, institutions, and enterprises that increase access to finance
To build sound financial systems that promote economic growth, we design and deliver innovative solutions to improve management of public finances, financial sector infrastructure, access to micro, small, and medium-sized enterprise finance, and access to rural and agriculture finance. We provide comprehensive, expert advisory services for diverse programs that are technically sound and demand driven. Our programs work at the micro, meso, and macro levels of financial sectors, and ultimately lead to improved regulatory oversight, strengthened capital markets, development of payment systems, and increased access to credit on a scalable and sustainable basis.
 
 

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Public Financial Management: Leveraging our proven approaches in and knowledge of private sector development and microeconomic reform, Chemonics improves the business enabling environment and catalyzes policy reform to promote sound fiscal policy and public finance.
 
Financial Sector Infrastructure: Recognizing that improvements in financial sector regulation and access to finance drastically affects broad-based economic growth, we address constraints to MSME financing and work towards effective use of credit bureaus, well-functioning capital markets, effective and sustainable banking supervision, and the use of innovative mobile technologies.
 
Rural and Agricultural Finance: Our programs stimulate private enterprise growth and investment by working with microfinance banks and other bank and non-bank financial institutions to develop strong, sustainable relationships and facilitate rural and agricultural access to credit along value chains, integrating Development Credit Authority (DCA) guarantees and strategic partnerships into our programs as appropriate.
 
Financial Products and Services: We develop appropriate financial products and services which improve financial institutions’ capacity to serve a broader client base, and concurrently improve the bankability of smaller, underserved businesses.
 
Land and Resource Rights: Secure land rights promote local investment and foster a financial services sector in underserved communities by increasing the existence of collateral that can be used to access credit. Learn more about our cross-cutting work in land and resource rights.
 
 

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    Eric Howell​Chemonics’ CFO since 2007, Eric Howell is financial specialist with 13 years of experience in international development, financial institutions, privatization, policy reform, business strategy, finance, and statistics in Eastern Europe, Asia, and the United States. Formerly chief of party for privatization projects in Belarus and Ukraine, he has extensive management and technical experience, including consulting to high-level government officials, implementing privatization programs at regional and city level, designing and implementing public awareness campaigns, and conducting press relations. He was formerly an investment banker at Salomon Smith Barney and marketing director for a start-up hedge fund. He holds an M.B.A. from the University of Virginia, an M.S. in statistics from the University of Washington, and a bachelor’s degree in mathematics from Pomona College. Read more

    Terri KristalskyTerri Kristalsky is a microfinance and small and medium enterprise specialist with nearly 25 years of experience in microfinance, commercial finance, business training, project design and management, and technical assistance. She is currently the chief of party for the USAID-funded Financial Sector Program in South Africa. Previously, she served as chief of party for Rural Support for Private Enterprise Expansion and Development, which increased access to financial services for rural Ugandans, dramatically improved savings behavior, and explored innovative technology and value chain solutions to improve rural finance. As a component leader for the Achievement of Market-Friendly Initiatives and Results project, she was responsible for the establishment and growth of four successful microfinance institutions, the design and implementation of programs to strengthen Jordan’s microfinance industry, and the initiation of a credit bureau. Ms. Kristalsky holds a B.A. in financial administration from Michigan State University and speaks Russian. Read more

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