Oikocredit supporting transparency in microfinance

Oikocredit supporting transparency in microfinanceOikocredit has renewed its support of transparency in the microfinance industry, sponsoring MFTransparency for the second year running.MFTransparancy has worked to be the place the microfinance industry publicly demonstrates its commitment to pricing transparency, integrity and poverty alleviation in the industry. Oikocredit was the first Dutch microfinance investor to endorse the pioneering organization. As the first launch of transparent pricing data for microfinance approaches, Oikocredit has happily contributed once more to see this initiative develop further and benefit institutions and their clients.

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, visithttps://www.mftransparency.org/