Getting Ready for the Bolivia Data Launch
Our Latin America team is currently organizing an industry conference that we will host in La Paz on September 7.th At this conference we will launch the pricing data we have been collecting since May when MFTransparency and the local microfinance networks ASOFIN and FINRURAL kicked off the Transparent Pricing Initiative in Bolivia.
We are excited to announce that 22 institutions are currently participating in the Initiative and while our official deadline for data submission has now passed, we will still accept data submissions from the remaining MFIs this week. Over the next couple of weeks, we will analyze the data submitted, calculate the APRs and EIRs for all loan products and then check the data and our calculations for any inconsistencies. Following this process, each participating MFI will have the chance to confirm the accuracy of our calculations. They will also have an opportunity to preview the Bolivia country graph prior to the official data launch. This graph will show, in MFTransparency’s unique format, the prices of microfinance products offered in Bolivia.
Releasing the brand-new pricing data, the Bolivia conference will feature a panel discussion to promote dialogue among a wide range of industry stakeholders and facilitate a deeper understanding of the results. Insights from local microfinance practitioners will allow us to view the data in the unique context of Bolivia, while the perspectives of international experts will lead us to evaluate the results in comparison with other countries in the region and around the world.
In preparation for the data launch, be sure to review the previous posts on Bolivia published on this blog.