Microfinance Group publishes Road Map to address Industry Challenges

March 3, 2012 │ New York

The Microfinance CEO Working Group publishes a report to ensure client protection and vendor responsibility.

With its rapid expansion in recent years, the microfinance field is facing increased scrutiny due to reports of client overindebtedness and questions as to whether organizations are fulfilling their social missions.  In 2011, Asad Mahmood, Managing Director of Deutsche Bank’s Global Social Investment Funds, convened eight microfinance CEOs in order to facilitate discussion over the challenges facing the industry. The unprecedented meeting resulted in the formation of the Microfinance CEO Working Group, a collaborative group that includes international industry leaders from ACCION, FINCA, and Pro Mujer. 

The Group recently released a report, “Road Map for the Microfinance Industry: Focusing on Responsible and Client-Centered Microfinance,” to address the pressing issue of vendor responsibility and ensure the further development of client services and products.  The report introduces three initiatives: the Smart campaign, which will institute standardized client protection plans; MicroFinance Transparency, which seeks to provide detailed information on pricing; and the Social Performance Task Force, which is developing measurement tools for “social performance and mission fulfillment.”  These initiatives will help to ensure sustainable growth by promoting high standards and better accountability.


The complete report, "Road Map for the Microfinance Industry: Focusing on Responsible and Client-Centered Microfinance," can be found here.

Deutsche Bank Americas Foundation President Gary Hattem (second from top left) and Managing Director of Deutsche Bank's Global Social Investment Funds Asad Mahmood (center bottom) with members of the Microfinance CEO Working Group enlarge

Deutsche Bank Americas Foundation President Gary Hattem (second from top left) and Managing Director of Deutsche Bank's Global Social Investment Funds Asad Mahmood (center bottom) with members of the Microfinance CEO Working Group

Deutsche Bank Americas Foundation President Gary Hattem (second from top left) and Managing Director of Deutsche Bank's Global Social Investment Funds Asad Mahmood (center bottom) with members of the Microfinance CEO Working Group


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Last Update: March 6, 2012
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