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Article

30 Mar 2009

Author:
ACCION International

Microfinance Leaders Join International Steering Committee of the Campaign for Client Protection in Microfinance

In the face of major client protection failures in the mainstream financial sector, leaders of the microfinance industry came together this month seeking means to ensure that microfinance providers worldwide remain committed to serving their clients’ best interests... The Campaign's six principles include ensuring that MFIs do not engage in reckless or predatory lending; that they are transparent with clients about prices, fees, and terms; that they treat clients with dignity, even during debt collection; and that they keep client data secure... Committee members include...Daouda Sawadogo, General Manager, Fédération des Caisses Populaires du Burkina (FCPB), Burkina Faso;...Asad Mahmood, Managing Director, Global Social Investment Funds, Deutsche Bank...