Subscribe via RSS

Stay up-to-date on everything MFTransparency has to offer by following our RSS Feeds. You can follow all MFT updates, or select between just receiving only News or Resources updates.

Follow on Twitter

Follow the conversation: @MFTransparency

Like us on Facebook

Transparent Pricing Initiative in India With Participation of 82 MFIs To Date

Published on August 10, 2010

MFTransparency, a U.S.-based non-governmental organization which promotes accurate and transparent pricing in the microfinance industry, recently expanded its transparent pricing initiative to 82 microfinance institutions (MFIs) in India.

Click here to read the MicroCapital article

MFTransparency Transparent Pricing Initiative in India With Participation of 82 MFIs To Date

MFTransparency, a U.S.-based non-governmental organization which promotes accurate and transparent pricing in the microfinance industry, recently expanded its transparent pricing initiative to 82 microfinance institutions (MFIs) in India.

In total, 82 MFIs in India have undertaken the process of submitting data, while 42 MFIs have completed the process thus far. The initiative is being launched in cooperation with ACCESS Development Services, an Indian nonprofit microfinance service provider, and will include training on costs and pricing of microloan products, pricing data collection, publication of this data and the development and dissemination of educational materials.

MFTransparency commenced the initiative in India with a series of training workshops in New Delhi, Hyderabad, Chennai, Bangalore and Kolkata, with support from initiative sponsors Microfinance Institutions Network (MFIN), a trade association of Indian microfinance lenders; Standard Chartered Bank, a global financial institution; and two U.S.-based organizations which provide grants to socially-oriented organizations, Citi Foundation and the Michael and Susan Dell Foundation.

In order to participate in the initiative, MFIs must submit product information and pricing data to MFTransparency. MFTransparency awards transparency certification to all MFIs who submit data and commit to educating their clients on pricing.

By Jennifer Shevock, Research Associate

About MFTransparency:

MFTransparency is a US-based, non-governmental organization founded in 2008 with the purpose of facilitating transparent markets through the dissemination of accurate and comparable cost information to all stakeholders. The group has organized transparent pricing efforts in India, Bosnia, Peru, Cambodia, Azerbaijan, Kenya, Bangladesh, Bolivia, Ecuador, Senegal, Burkina Faso, Benin, Cote d’Ivoire, Togo, Guinea Bissau, Mali and Niger as of August, 2010.

About ACCESS Development Services:

ACCESS Development Services is an Indian nonprofit organization that offers consulting services to microfinance institutions. It offers capacity building and technical services on topics such as business organization, portfolio management and financial management. It also facilitates funding to 130 member microfinance institutions through the ACCESS Microfinance Alliance. Additionally, it organizes the annual Microfinance India Summit to provide a networking forum for the microfinance community.

No Comments

Leave a Reply