In July 2009 MFTransparency presented at the 4th African Microfinance Conference in Ouagadougou, Burkina Faso. MFTransparency’s Alexandra Fiorillo presented on “Le Besoin de la Transparence dans l’industrie Microfinanciere”. View this presentation here.
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MFTransparency presented twice at the MicroCredit Summit in Colombia, introducing the importance of responsibility in finance as well as transparency. View these presentations here.
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In May 2009 MFTransparency presented at Sanabel’s sixth annual conference, entitled: “Human Capital in Microfinance: People, Passion and Value” organized by Sanabel – The Microfinance Network of Arab Countries. View the award winning presentation here.
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E-MFP: Microfinance has long been a highly transparent industry, and rightly proud of it. We share a wide variety of financial indicators about our MFIs. Unfortunately, the true price of microfinance loan products has never been accurately measured nor reported.
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The project in Peru formed a pilot in which MFTransparency’s data collection methodology and analysis systems were tested and refined. The MFTransparency team visited Peru to present the transparency methodology. View the launch presentation here.
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MicroCapital: The State of the Microcredit Summit Campaign Report 2009 was written by Sam Daley-Harris and is a 70 page report that discusses the human face of global poverty, reviews microfinance breakthroughs in helping slum dwellers move out of the slums and highlights innovations that have brought renewable energy to poor communities.
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Voice of America: As the microfinance industry grows, there are efforts to prevent abuses. A new effort based in the United States called MicroFinance Transparency. The aim is to prevent abuses by letting borrowers compare pricing information from different lenders. Its creator, Chuck Waterfield, calls it “an industry-based truth-in-lending effort.”
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Financial Times: The trouble is transparency. Competition works best when customers know what they’re paying and what they’re paying for, which is why lenders in the US have been required for the past 40 years to disclose their interest rates in a standardised format. Few microfinance institutions do the same thing, and the results can be baffling.
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Lancaster Newspapers: Muhammad Yunus of Pakistan pioneered a microfinance system that has provided small loans to more than 100 million people living in poverty. Chuck Waterfield of Lancaster is an internationally known microfinance expert who is determined to foster Yunus’ dream in growing nonprofit, humanitarian banking.
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Gulf Weekly: In an effort to head off a potential crisis in the fast-expanding micro-finance industry, its leaders are adopting global truth-in-lending standards and creating a system for comparing loan terms offered by competing lenders.
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