Oikocredit supporting transparency in microfinance
Click here to read the Oikocredit announcement
MFTransparency president Larry Reed said the pilot data collection efforts had gone extremely well.
“In Cambodia and Bosnia we had 95-100% of the microfinance market submit pricing data. In Peru, the largest market in all of Latin America, we already have MFIs representing over half of the US$4 billion micro-loan portfolio, and two thirds of the clients, submit data to MFTransparency, with new data arriving every week.”
With the continued endorsement and financial backing of organizations like Oikocredit, MFTransparency has been able to scale up its pricing transparency operations.
To find out more about MFTransparency, visithttp://www.mftransparency.org/