NEWS

Toward a Financial Health Tool for Consumers: Test Results Summary

The Microfinance Centre and Center for Financial Inclusion at Accion are working together to build a financial health tool to assist customers with gauging and improving their financial health, and to assist financial institutions to help them do so as well. During the first phase of the project MFC developed simple financial health quiz, helping people find out how financially healthy their household ...

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Two Balkan Associations joined MFC as a Strategic Partners

MFC’s Partnership Programme for Country Associations is a new initiative that is expected to move the cooperation with country level microfinance networks to a new, strategic level.  This week, Association of Microfinance Institutions  (AMFI) from Bosnia and Herzegovina and Alliance of Microfinance Organizations (MFO) from Macedonia  a joined the Programme.  Both associations play an important role in promoting financial inclusion in their countries.  ...

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MFC Has Signed Strategic Partnership with Next Two Association from Central Asia: AMFOT and AMFI

Last week MFC launched a new Partnership Programme for Country Associations, focusing on better leveraging of mutual resources, identifying opportunities for joint promotion, fundraising and  implementation of access to finance projects. The first agreement was signed with  Azerbaijan Micro-finance Association (AMFA) on March 29, while today two new agreements have been signed with AMFOT – Association of Microfinance Organizations of Tajikistan ...

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MFC Launched a New Partnership Programme for Country Associations

Since its inception Microfinance Centre has maintained very close ties with the country level associations, recognizing their role and potential in advancing financial and association inclusion in the countries where they operate. From now on, MFC would like to move the relationship with country level associations to a new, partnership oriented level. Such partnership would help to better leverage mutual ...

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Alternative Credit Scoring: Workshop for Chief Credit Officers held last week in Warsaw

On Thursday and Friday last week MFC convened a 2-day meeting for MFC member institutions from Bulgaria, Ireland, Armenia, Albania, Bosnia and Herzegovina, Greece, Moldova, Romania, Poland, UK and USA to discuss how scoring methods and digitalization can support transformation to more efficient and more effective microfinance institutions. This was an excellent workshop bringing together a large number of credit ...

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Social Performance Management in Microfinance: Infographic Report

Social performance management (SPM) refers to the systems that organizations use to achieve their stated social mission. As a part of Microfinance Centres’ ongoing efforts to promote social performance and support to MFC members in SPM implementation, we developed Social Performance Management Report based on data collected from 25 financial institutions, MFC Members from Europe. The Report presents current state of social ...

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Report “Financial Inclusion in the Digital Age” by CreditEase, IFC and Stanford University

The report on “Financial Inclusion in the Digital Age” was jointly published by CreditEase, IFC – International Finance Corporation, and Stanford University Graduate School of Business. This report highlights some of the central frictions that prevent greater financial inclusion and financial well-being, and associated technological innovations that are fostering creative new approaches to mitigating these frictions for individuals and small ...

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International Funding for Financial Inclusion: Key Trends and Development by CGAP

The 2017 edition of CGAP’s annual Cross-Border Funder Survey reports has been released. Funder commitments to financial inclusion reached a historic high of US$37 billion in 2016. In Eastern Europe and Central Asia (ECA), which traditionally has been the top-funded region, funding has experienced a decline for the second year in a row. The average commitment in ECA per project in ...

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MFC Members’ news: KMF (Kazakhstan) improves customer communication

KMF is a microfinance organization operating in Kazakhstan with portfolio consisting of 220 567 active clients. KMF provides microfinance services for micro, small and agro business across coutry, including rural areas. The rapid growth of the Company and the long-term goal to increase the loan officers’ productivity urged to seek new horizons for communications. KMF introduced its own Call Center ...

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MFC Members’ news: Asian Credit Fund’s new green economy programme

Asian Credit Fund (ACF) is a microfinance organization operating in Kazakhstan. ACF provides microloans for small businesses and supports households’ development predominantly in rural areas of Kazakhstan. In 2017 ACF launched its Green Economy programme, with a focus on “clean or green technology”. As part of its support for the program, ACF increased disbursement of green lending, providing loans for ...

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