In January, Girls’s World Banking joined its companions within the Microfinance CEO Working Group to announce its assist for the Good Marketing campaign Consumer Safety Certification Program – a groundbreaking new effort that seeks to make sure that microfinance establishments preserve shoppers on the heart of their work. With the opposite members of the Microfinance CEO Working Group, we launched a joint assertion figuring out this system as a “clear step” towards a totally accountable microfinance sector.
The Consumer Safety Certification Program launched at the start of the yr after greater than two years of growth, pilot testing, and enter from the business. Beneath the certification program, establishments bear rigorous analysis by licensed, specialised microfinance score companies. As soon as achieved, certification will permit microfinance establishments – for the very first time – to publicly display their adherence to ample requirements of shopper safety.
WWB community member Ujjivan is among the establishments licensed by this program, having met the 30 ample requirements care within the remedy of their shoppers.
Concerning the Microfinance CEO Working GroupAll of us within the microfinance sector share within the duty to guard the susceptible shoppers we serve, and we applaud the Good Marketing campaign for bringing shopper safety to the foreground of the business’s consciousness in just a few quick years. Up to now, the Marketing campaign has acquired endorsements from greater than 3,300 people and establishments, has compiled a whole bunch of self-assessments, and has labored assiduously with business stakeholders to operationalize the Consumer Safety Rules. Certification represents a logical and vital subsequent step for the Marketing campaign and is a milestone for which Girls’s World Banking and our microfinance establishments will try.
The Microfinance CEO Working Group is a collaborative effort by the CEOs of eight main microfinance organizations: Accion, FINCA Worldwide, Freedom from Starvation, Grameen Basis USA, Alternative Worldwide, Professional Mujer, VisionFund Worldwide and Girls’s World Banking. The Working Group seeks to assist the microfinance business in bringing a broad vary of monetary and associated companies to those that have historically been excluded. The Heart for Monetary Inclusion at Accion serves because the secretariat for the Working Group. For any questions concerning the group, and the involvement of the Microfinance CEO Working Group, please contact Meghan Greene (Supervisor, Microfinance CEO Working Group) at mgreene@accion.org.
