Launch of the Transparent Pricing Initiative in Ecuador
In April 2010, MFTransparency launched the Transparent Pricing Initiative in Ecuador. This project is funded by the Ford Foundation, and will be implemented in partnership with Red Financiera Rural (RFR) , the local microfinance network.
The Initiative was launched with a series of workshops and meetings in Quito, Ambato and Guayaquil. A range of industry stakeholders participated in the workshops including MFIS, government agencies and regulators, industry support organizations, donors and investors, as well as rating agencies and technical assistance providers.
In Quito, 58 participants attended our workshop. 26 stakeholders joined the workshop in Ambato and 15 participants discussed pricing transparency with us in Guayaquil. MFTransparency presented on a range of topics, including the need for pricing transparency in microfinance and the implementation of pricing transparency in microfinance.