Posted by: Micol Pistelli
MFIs affiliated with the ACCION Latin America Network received the 2009 Social Performance Reporting Award for achieving a 100% report rate on social performance.
Experience has shown that the microfinance institutions (MFIs) most likely to report on social performance are those affiliated with networks active in promoting social performance management and standards. ACCION Network for Latin America leads the pack with 100% of its affiliates reporting to MIX. At the country level, Asociación Nicaragüense de Instituciones de Microfinanza (ASOMIF; part of Red Centroamericana de Microfinanza [REDCAMIF]) has achieved the best results – with over half its affiliates providing on social performance data to MIX, Nicaragua now ranks as the top reporting country! Microfinance Center (MFC) and Sanabel have made remarkable efforts as well, having respectively translated the MIX social performance report into Russian and Arabic and promoted reporting among their affiliates. As a result, MIX has received 42 reports from the Eastern Europe and Central Asia region and 20 reports from Middle East and North Africa region. Finally, Red Argentina de Instituciones de Microcredito (RADIM) and Microfinance Network (MFN) have also achieved good outreach, with over half their affiliates submitting data on social performance.
This week, the Social Performance Indicators Blog will focus on the role of networks and their vision and efforts towards disseminating information about social performance and promoting transparency among their affiliates. Stay tuned for a related guest post by Tomás Rodríguez Alas, MISION Program Coordinator for REDCAMIF.
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