Truelift has recognized the first "Milestone MFIs" to have undergone Truelift Assessment at the Microcredit Summit Campaign's Partnerships against Poverty Summit which was held in Manila, the Philippines on 9 -11 October 2013.
MicroFinanza Rating actively participated in the development of the methodology and assessed Women for Tomorrow Foundation (NTWF, Philippines) and Finca Peru in the pilot phase. Both institutions reached True Achiever milestone for their demonstrated commitment to pro-poor microfinance practice. In particular, NWTF was awarded for showing the highest poverty rate of all the MFIs in the Grameen Foundation poverty calculation research (from 30% to 64%) as well as for its tracking of poverty-related data and for the use of this information in decision making. Finca Peru was recognized for its engagement in providing high quality non-financial services.
MicroFinanza Rating is participating in the Forum organized by the Financial Rural Network (Red Financiera Rural) which treats the following topics: "A new client oriented approach". The goal is to provide attendees with arguments and tools which will contribute to the discovering of new techniques, which should improve the value of microfinance services in Ecuador, with a new client oriented approach. Read here to have additional information.
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In October MicroFinanza Rating team will be in the following countries: Honduras, Zambia, Tajikistan, Italy, Ecuador, Mongolia, Mexico.
Moreover, we will be participating to the following events:
The Summit will focus on "Partnerships against Poverty: Finance, Government, Business and Civil Society." Participants will delve into some of the most advanced and successful examples of public-private partnerships in the microfinance field, all while bringing together the relevant parties that can work together to elevate these programs to a large scale, including government regulators, microfinance practitioners, product design experts, providers of support services, and heads of institutional multinational banks. Read more.
The theme of the Forum is "The Productivity Challenge: Financing Dynamic Entrepreneurship" and will focus on current issues in the microenterprise sector in Latin America and the Caribbean, and will include topics such as Innovation in products and services for financial inclusion and savings, Financing and financial education for youth, Developing and promoting MSMEs through innovative models. Read more.
The Africa Microfinance Network (AFMIN) and The Association of Ethiopian Microfinance Institutions (AEMFI) are organizing the 12th Annual Conference and General Assembly on the theme "Inclusive Finance for inclusive growth and transformation in Africa". Read more.
The Forum, organized by the Financial Rural Network (Red Financiera Rural) will treat the following topics: "A new client oriented approach". The goal is to provide attendees with arguments and tools which will contribute to the discovering of new techniques, which should improve the value of microfinance services in Ecuador, with a new client oriented approach. Read more
As Client Protection Certifier licensed by the SMART Campaign, MicroFinanza Rating is happy to announce that a new Certificate has been awarded to Crezcamos - Colombia since the institution has demonstrated to comply with all the Certification standards. Crezcamos is among the first certified institutions in Latin America and the Caribbean, an important region for the global microfinance sector as well as for the Smart Campaign. For more details on the Methodology used by MicroFinanza Rating, see the "Certification" section of our website.
As guest speaker, Aldo Moauro, MicroFinanza Rating Executive Director will be participating in the Conferences titled "Interest rates in microfinance - abuse or necessity?" held respectively in Luxembourg (October 10th) and Brussels (October 11th), jointly organized by ADA, the Banque of Luxembourg and BRS. The debate will focus on the relatively high interest rates in microfinance compared to those of banks, trying to understand if these are justified and if there is room for reduction. The conference will conclude with reflections on what interest rate is considered to be fair and on the evolution of the microfinance sector. Click here to register NOW.