Tag Archives: Responsible Finance

#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 ...

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EC: Respond to the Call for Proposals on Social Innovation – Establishing and Testing Integrated Interventions Aimed at Supporting People in (the Most) Vulnerable Situations – deadline 15 October

  Under the European Program for Employment and Social Innovation (EaSI), the European Commission has published a call for proposals for financial support for initiatives relating to social innovation entitled “Establishing and testing integrated interventions to support people in (most) vulnerable situations” (VP / 2020/003). This call for proposals aims to support existing or new partnerships in testing innovative approaches ...

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MFC is Part of An International Coalition to Protect Microfinance Institutions and Their Clients in the Covid-19 Crisis

At the initiative of Grameen Crédit Agricole Foundation, MFC with a group of microfinance lenders and key players in inclusive finance worked on a set of principles to better support the microfinance sector in the health and economic crisis caused by the Covid-19. Grameen Crédit Agricole Foundation, ADA, Alterfin, Cerise, CIDR Pamiga, Cordaid Investment Management, Crédit Agricole CIB India, CA ...

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WATCH the Webinar: How an MFI can act best during the time of the pandemic? Learn from the others’ practices & share yours!

MFC and EMN are jointly organizing a webinar aiming to help you cope with the pandemic effects – how to protect your Staff and Clients? – how to cope with pandemic effects on MFI’s businesses? In the times of COVID-19 pandemic, it is the most vulnerable who are to be affected the most – our clients. The initiatives are growing ...

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COVID-19 Pandemic Announcement – MFC Working On-line to Support Members

Taking into account the current pandemic of coronavirus and the epidemic state introduced by Polish authorities, MFC Team is now working remotely. Any kind of activities planned in the field are postponed or moved on-line, at least those planned until the end of March. We are now organizing ourselves to support our Members and the microfinance sector. A series of ...

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EU Commission Announces Action Plan for Social Economy

The Commission presents a Communication on building a strong social Europe for just transitions. It sets out how social policy will help deliver on the challenges and opportunities of today, proposing action at EU level for the months to come, and seeking feedback on further action at all levels in the area of employment and social rights. Already today the ...

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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 ...

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Social Performance Management of the Microfinance Sector in the Caucasus and Central Asia

  Social Performance Management (SPM) refers to the systems that organisations use to achieve their stated social goals and creating value for clients. The microfinance sector applies commercial means to achieve social ends. Microfinance institutions (MFIs) who translate their mission and values into measurable objectives are more likely to achieve strong social performance, such as: reaching the target market, delivering ...

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Exploring the Relationship between Fintech and Financial Inclusion at the MFC Annual Conference 2019

When the first Fintechs appeared, experts predicted they would usurp mainstream finance—later scaling back their predictions to mere ‘disruption’. The increasingly dominant view, however, is that while Fintechs will catalyse advances in the finance industry as a whole, they are likely to do so as collaborators with astute incumbents, rather than direct competitors. The landscape of future collaboration between Fintechs ...

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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 ...

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