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enabling Africa to Price Responsibly & Educate on Interest Rates

Published on August 2, 2010

MFTransparency, the global leader in pricing transparency, has partnered with the MasterCard Foundation on a new project called enabling Africa to Price Responsibly & Educate on Interest Rates, known as the enabling APR & EIR Program for short.

African Microfinance Transparency (AMT) calls for members to participate in the Transparent Pricing Initiative. In the 2010 AMT year-end summary, “all AMT members are actively encouraged to report their data on product pricing to MFTransparency”.

Through the enabling APR & EIR Program, MFTransparency will raise awareness of transparent pricing issues in 7 countries in Africa. The project, beginning in May 2010, will include Malawi, Uganda, Rwanda, Ghana, Tanzania, Zambia and Mozambique. The main objective of the enabling APR & EIR Program is to promote improved consumer protection principles through microfinance product pricing transparency.

The enabling APR & EIR Program is sponsored by the MasterCard Foundation. The MasterCard Foundation is dedicated to increasing access to microfinance and youth education for people in developing countries, enabling them to realize their potential and lift themselves out of poverty.

For more information on the enabling APR & EIR Program please click here.

For country-specific information on the enabling APR & EIR Program or to submit your data to MFTransparency, please select the name of your country from the following list:

  • Malawi
  • Uganda
  • Rwanda
  • Ghana
  • Tanzania
  • Zambia
  • Mozambique

Please check back regularly for more information.

MFTransparency is working in partnership with the African Microfinance Network (AFMIN) throughout Africa.

AFMIN is an association of microfinance networks in Africa resulting from an initiative led by African microfinance practitioners to create and strengthen country-level microfinance networks for the purpose of establishing shared performance standards, institutional capacity and policy change. AFMIN’s mission is to contribute to the provision of effective and sustainable financial services to the low income population of Africa, helping to improve the microfinance environment in Africa and globally.  To date, AFMIN membership consists of 22 country-level networks representing more than 1,118 African Microfinance Institutions serving over 13 million productive poor clients.

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