Announcements

DOEN Foundation provides funding to MicroFinance Transparency

Amsterdam, Netherlands (13 January 2009) – The DOEN Foundation, the Dutch charitable fund and co-founder of microfinance investment firm Triodos-Doen Foundation, has announced its support of MicroFinance Transparency by making a donation to help fund the transparency initiative. This generous donation makes DOEN MFTransparency’s first Platinum Level Sponsor. Howard Brady, Treasurer on MFTransparency’s board, says “We are extremely grateful to DOEN providing this critical start-up money that allows us to put more of our top management staff into place and expand operations.” MFTransparency is a global initiative to promote transparent pricing in the microfinance industry. It hopes to be the venue for the microfinance industry to publicly demonstrate its commitment to pricing transparency, integrity and poverty alleviation.

DOEN’s philosophy is to enable people to be actively involved in society by funding sustainable, entrepreneurial projects. The foundation finances sustainable, enterprising and exceptional initiatives through grants, loans, guarantees or investments in the areas of Sustainable Development, Culture, Welfare and Social Inclusion. A portion of the contributions made by the Dutch National Postcode lottery is used by DOEN Foundation to improve access to financial services in developing countries as part of the Financial Sector Development (FSD) programme.

MFTransparency is rapidly scaling up its pricing transparency operations and would not be able to do so without the support and financial backing from organizations like DOEN Foundation.