MFTransparency to host Uganda Data Launch Webinar
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Microfinance Focus, July 18, 2011:
Microfinance Transparency (MFTransparency) will be hosting a webinar to launch the transparent microloan pricing data collected in the Transparent Pricing Initiative in Uganda on July 27, 2011. MFTransparency pricing experts will address pricing dynamics in the Ugandan microfinance market using actual pricing data collected from microfinance institutions in Uganda and published on the MFTransparency website.
During the webinar MFTransparency Vice President Alexandra Fiorillo will present best practices for transparent communication of pricing to clients, through loan documentation, loan officer interactions with borrowers and price-setting decisions for maximum transparency. The Transparent Pricing Initiative in Uganda is part of the project ‘enabling APR & EIR Program’ (enabling Africa to Price Responsibly & Educate on Interest Rates) funded by the MasterCard Foundation.
The project was started in August 2010 with Malawi and continued with Uganda, Rwanda, South Africa, Ghana, Tanzania and Zambia. The final project launch in Mozambique is forthcoming. In each of these countries, MFTransparency collects and publishes data on the interest and fees charged on microfinance loan products in order to calculate their accurate, true prices (Effective Interest Rates). As part of the enabling APR & EIR Program, MFTransparency also conducts training seminars for financial institutions, funders, regulators and industry support organizations.