The Microfinance Institutions Network (MFIN) is one of the organizations that MFTransparency has partnered with on the Transparent Pricing Initiative in India. MFIN has played a big role during the data collection process by motivating its members to participate. MFIN is a self- regulatory body floated by the top microfinance institutions (MFIs) of the country, with 43 non-bank financial companies (NBFCs) as its members. MFIN’s objective is to work with regulators to promote microfinance, enhance responsible lending and institutionalize the process of credit information sharing. MFIN has also designed a Code of Conduct for its members. Mr. Vijay Mahajan, Chairman of the Microfinance India Network, says of the code, “Proper enforcement of the code of conduct would lead to greater financial inclusion. The aim is to stop multiple lending, which leads to delinquency.”
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Posts Tagged ‘MFIN’
Aligned Objectives of MFIN & MFT
Thursday, October 7th, 2010Microfinance in India: A Colorful Market in a Colorful Country
Tuesday, August 10th, 2010
Working on the Transparent Pricing Initiative in India is a very different experience as compared to any of MFTransparency’s other country initiatives. The microfinance market in India is unique in many ways related to outreach, products and practices that all affect pricing. In this post I will introduce you to some of the factors that give this colorful market its character.
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Introduction to the Indian Microfinance Market and the Transparent Pricing Initiative in India
Tuesday, August 3rd, 2010The Transparent Pricing Initiative in India, a consumer protection effort aimed at promoting transparent pricing in microfinance, launched in April 2010 with back-to-back workshops held in 5 major cities: New Delhi, Kolkata, Hyderabad, Bangalore and Chennai. The workshops were well-attended with participation from all corners of the microfinance industry including donors, investors, MFI practitioners, researchers, local media and officials from government and apex bodies.
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No Place Like Home
Sunday, April 25th, 2010I find myself at home this weekend – Lancaster, PA. This is the first time I’ve been home in three weeks, and I’ll be leaving Monday morning for another two weeks. My latest trip took me completely around the globe – US to London to Nairobi (for the Microcredit Summit). From Nairobi I flew to Dubai and Delhi, to launch the India Pricing Transparency Initiative. I was scheduled to fly back via Frankfurt, but the volcano changed those plans. So instead I flew from Delhi to Bangkok to Tokyo to NY to DC.
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