Confidentiality: the ownership of the data stays with the data provider and it is not transferred to the Platform manager. Any use of the data made by the Platform manager respects the confidentiality agreements signed with the data providers.
One stop shop to find Annual Percentage Rate (APR), social (SPI4) and client protection data from rating agencies, Cerise, MIMOSA, and other data providers.
MIX. MIX is currently focused on other activities and is not currently interested in housing on-line APR and an SPI4 modules with on-line data input and output functionalities.
Access to APR data will be easier because: APR is already calculated in ratings and certifications; FSP will have the option to provide data anonymously (still useful for benchmarking).
Coverage will be 15,438 APR calculations, 600 FSPs and 70 Countries, or larger, as enhanced by other data providers. Users will feed the database as they input the data on-line to obtain the benchmarks. A global expected APR model will allow benchmarking the APR even without a large number of observations in the Country.
Quality. The database will include data of high quality (e.g. core database) and data of acceptable quality, transparently indicated. The user will decide the data quality filters to apply.
Cost. Value for money because: 1) the cost of collecting data and calculating APR is already covered by ratings and certifications, and the Platform would only need a marginal cost to be covered; 2) an existing organization (MicroFinanza Rating) with a core business already in place would manage the Platform as a business unit.
Website. Two modules: 1. Data (APR, SPI4, other social data); 2. Reports (rating reports, SPI4 audits, MIMOSA).
|Transparent prices. Industry solution to disclose true prices (i.e. APR).||
√ DFIs, MIVs
√ FSP and Networks
√ Standard bodies
√ Research, training
|Responsible prices. Sound benchmarks of real prices to incentivize responsible APR.|
|Knowledge. Data for standards, credible research and APR and SPM skills.|
|Reputation risk. Benchmark analysis for client protection and reputation.|
|Social performance. Benchmarks to improve the SPM analysis and reporting.|
Pilot phase of the Data Platform: started in March 2017, with the support of ADA, Proparco, and Swedish International Development Cooperation Agency (Sida).