MFTransparency was launched on July 28, 2008 at the Asia Pacific Microcredit Summit Council of Practitioners in Bali, Indonesia. View the launch presentation here.

Lancaster Newspapers: In the United States, the cost of borrowing money is stated clearly and consistently, thanks to federal law. The Truth in Lending Act requires lenders to tell customers the annual percentage rate they would pay, so customers can easily shop for the best deal. But in developing countries, it’s truly a different world.