The Cambodia microfinance industry is known for its commitment to transparency in financial reporting, and the industry has now strongly embraced the practice of transparent pricing.
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We greet you and are pleased to present you the thirty first issue of AMFA Monthly Newsletter to improve our communication effectiveness. We hope you will find this Newsletter informative and relevant.
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MFTransparency collects data country-by-country. In each country where we facilitate the transition to transparent pricing, we follow a systematic process, and our process in BiH provides a good example for understanding our procedure.
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MFTransparency will have a phased rollout of data from our first three countries over the three-week data launch period. More countries will be coming on-line in the coming months.
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MFTransparency will host a training workshop in Nairobi at the InterContinental Hotel on the 19th of October, 2009 in conjunction with the 2009 AMT Microfinance Investor’s Fair. The workshop will train industry professionals on issues related to pricing transparency and consumer protection and will mark the launch of MFTransparency’s Transparent Pricing Initiative in Kenya.
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Author Christoph Kneiding highlights MFTransparency as the microfinance industry’s answer to the lack of provisions for transparent pricing that are common among Western economies.
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For the first time in history, the microfinance transparency movement is going to provide extensive, accurate microfinance product pricing data publicly. This data will help protect consumers, enhance services and expand access to financial services. To continue expanding this movement, MFTransparency will need your help.
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MFTransparency and the Azerbaijani Micro-finance Association (AMFA) will co-host a training workshop in Baku at the Hotel Respublika on the 8th of October, 2009 following the AMFA Investors Fair on 7th October 2009.
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As lead presenter at the opening ceremony, MicroFinance Transparency advanced transparent pricing at a seminar organized by the Institute of Microfinance (InM) and the Microcredit Regulatory Authority (MRA). The event was attended by top regulatory authorities of the Bangladeshi microfinance industry, including finance minister Abul Maal Abdul Muhith.
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Mixing the profit motive and poverty efforts can be highly combustible, but also very powerful. Should rich people earn profits providing services to the poor? Sure, as long as both gain from the exchange. But how do we preserve an equitable balance in this unequal transaction?
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