Why a MFI Social Performance Reporting Award?
Historically, the microfinance industry has been considered socially responsible by definition. However, the number and diversity of industry actors is increasing, new and improved MFI products are being developed, and the industry as a whole is expanding worldwide. As a result, microfinance is coming under increased scrutiny: Who are MFIs reaching? How poor are these clients? Do MFIs have responsible lending practices? How has microfinance actually affected people’s lives—what is its impact? The industry is responding to the need to answer these questions in many ways. Socially responsible investors in microfinance have a growing interest in tracking the social performance of their investees. And, an increasing number of MFIs have started to disclose their codes of conduct and policies focused on their clients, their staff, and the environment. What is the Social Performance Reporting Award? The award will recognize microfinance providers who provide reports on a set of social perform
Related Questions
- Why does the IFC have a different set of environmental and social Performance Standards from the World Bank, and how do they differ from the World Bank safeguard policies?
- What is the difference between financial performance management (FPM) and social performance management (SPM)?
- Why a MFI Social Performance Reporting Award?
