Tag Archives: Client Protection

#BorrowWisely is kicking off in TWO WEEKS!

Borrow Wisely Campaign is almost here – the 7th edition is starting on the very first day of October! This year the format will be modified due to the pandemic restrictions. But that does not mean the Campaign will have a lesser impact. Just the contrary: our aim is to take advantage of  the power of online communication as much ...

Read More

Borrow Wisely Campaign 2020 – the 7th edition in October

Check out: BWC in pandemic – Participating Institutions – BWC basics – BWC last year   October will be a month of wise borrowing for the seventh time already! The campaign is growing and evolving, but the key message stays the same – we are uniting to educate microfinance Clients. Under the auspices of the MFC and with great work and ...

Read More

EIF and European Commission Launch New Covid-19 Measures Supporting Micro- and Social Enterprises Under the EaSI Guarantee Instrument

  Coronavirus: EIF and European Commission Launch New Covid-19 Measures Supporting Micro- and Social Enterprises Under the Eur 400m EaSI Guarantee Instrument Enhanced terms under the EaSI Guarantee Instrument to support micro- and social enterprises in response to COVID-19 Call for Expression of interest launched today available for intermediaries with a potential outreach to thousands of individual micro-borrowers as well ...

Read More

Smart Campaign has Come to an End

After a decade of raising awareness and incentivizing the adoption of responsible practices among inclusive finance providers, the Smart Campaign is coming to an end. CFI will transfer the wealth of resources created by the Smart Campaign to trusted industry partners and remains committed to consumer protection and playing an active role by conducting research on emerging risks and maintaining ...

Read More

Over 1 900 000 people reached by Borrow Wisely Campaign 2019! Join us in 2020 and spread the word about smart borrowing

How was BWC 2019? First of all: Congratulations to all of the participating institutions, You have done a great job! Client’s workshops and fairs, along with one-on-one meetings for borrowers organized at the MFI’s branches; educational materials distributed through on-line channels : websites and social media; many kinds of different events limited only by MFI’s/Associations’ imagination – that is how Borrow ...

Read More

LETS SAVEE

LEarning, Teaming up and Saving – SAVing groups for Employabiliy and Empowerment, in other words LETS SAVEE, is a new project which MFC is coordinating. The project aims at exploring the potential of saving groups in the European countries context, for improving low income and marginalized group entrepreneurial skills and access to finance. In the current European context, poverty and ...

Read More

Easy-to-Use Tools to Understand What Your Clients Are Ready to Do Online

Know your client! – this call has never retired. We observe that MFIs underestimate their clients’ digital readiness. “Our clients do not use Internet” we keep on hearing, while the number of clients engaging with Internet grows at great pace. Together with member MFIs, MFC developed a practical set of questions, which help MFIs understand how they can use Internet ...

Read More

Borrow Wisely Campaign 2019

The sixth annual Borrow Wisely! Campaign will take place in October 2019. Borrow Wisely! is an annual international campaign promoting global client protection standards through borrowers education. As with previous years, MFC and partner organisations will be delivering key messages about how to borrow money safely, harnessing the positive power of loans and avoiding the pitfalls of too much debt. Read ...

Read More

Consumer Protection Standards for Digital Credit Opened for Public Comment

The Consumer Protection Standards for Digital Credit were created in order to operationalize where the financial inclusion industry sets the bar in terms responsible digital lending practices. They build off of the Client Protection Principles and extend Smart Campaign’s current Client Protection Standards to encompass emerging risks to low-income customers of digital credit. Based on the latest industry research, field ...

Read More

MFC Member FINCA Armenia Becomes Country’s First Financial Institution to Receive Smart Certification

FINCA Armenia has received Certification from the Smart Campaign in recognition of its long-standing commitment to client protection. This comes after a rigorous independent review process found the organization has upheld industry-leading client protection standards in providing responsible finance. One of 20 microfinance banks and institutions that make up the FINCA Impact Finance (FIF) network, FINCA Armenia joins FIF subsidiaries ...

Read More