MFTransparency to host Webinar on ‘New Microfinance Transparent Pricing Data from Azerbaijan’
Microfinance Focus, May 26, 2010: MFTransparency, a global initiative for fair and transparent pricing in themicrofinance industry
is hosting a webinar on Tuesday, June 1, 2010 from 7:00 AM -8:30 AM EST, launching the true-cost microfinance pricing data from Azerbaijan. The discussion will interpret the data and its effect on market conditions as well as answer questions from a range of stakeholders and the public. The discussions will explore pricing practices, variations across MFIs, product types and sizes as well as underlying price differentiating factors such as geography and regulation. As with all countries, MFTransparency presents the prices in Azerbaijan using a Price Curve, which will play a prominent role in explaining price conditions during the webinar.MFTransparency started publishing the true costs of microfinance loans in specific countries in October 2009. “As this is the second data launch following our initial pilot period, this webinar will provide participants the opportunity to interact with the latest data we have collected and discuss some of its implications for the microfinance sector
in Azerbaijan,” said Alexandra Fiorillo, Vice President of MFTransparency.
The group aims to establish the industry standard for pricing disclosure, and believes collecting, calculating, and presenting information on credit products and their prices in a clear and consistent fashion will facilitate a fair exchange between suppliers and consumers of microcredit products.The webinar is an open forum for addressing a range of questions and an opportunity for all microfinance stakeholders
to join MFTransparency and guest experts in discussing and interpreting the latest transparent pricing data. Industry and country experts will join Chuck Waterfield, CEO & President and Alexandra Fiorillo, Vice President of MFTransparency in the discussion of a series of questions pertaining to reporting interest and fees in APR or EIR format, the difference between the price curve of Azerbaijan and other countries, factors driving prices in Azerbaijan and the usage of new pricing data to enact meaningful change in the local microfinance market.