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MFC Signed Strategic Partnership with the MNBFIA (Mongolia) and MCPI (Philippines)

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 next 2 Associations joined the Programme: MNBFIA (Mongolia) and MCPI (Philippines). At the moment Programme is started with 11 country level associations, apart from the above-mentioned MFO (Macedonia), AMFI (BiH), AMFOT (Tajikistan), AMFA (Azerbaijan), AMFI (Kyrgyzstan), UCORA (Armenia), AMA (Albania), AMFOK (Kazakhstan) and CMF (Nepal).

Mongolian Non-Bank Financial Institutions Association (MNBFIA) is an independent, non-profit, non-government organization that voluntarily unified non-banking financial institutions and provide services for the best interest of its member institutions. The Association has been operating for last 15 years and has been protecting common rights of its member institutions by representing their interests in front of government authorities and regulators, providing them with recommendations and information, training the staff, giving legal assistances, cooperating with legal authorities, internal and international audit institutions. At the moment Association has 230 member Institutions, which hold over 85 percent of total assets in non-banking sector of Mongolia. MNBFIA Goals: improve efficiency and impact of NBFIs (Non-Bank Financial Institutions) in socio-economic development of the country, reduce poverty, create jobs, and support micro and small entrepreneurs by developing and strengthening non-banking financial sector of Mongolia to bring them into international level.

The Microfinance Council of the Philippines, Inc. (MCPI) is the national network of microfinance institutions (MFIs) and support organizations working towards sustainable, innovative, and client-responsive solutions to poverty in the Philippines. MCPI is currently comprised of 60 institutions, including 47 practitioners, 2 regional networks, and 11 support organizations. The key programs of MCPI include advocacy, capacity building for MFIs, social performance management and client protection, and knowledge management.