ACTION GROUPS

MFIs are increasingly using social performance assessment tools such as SPI, MIX Market social reporting standards and social ratings. The results are increasingly used by MFIs making them stronger, more responsible institutions. Investors could benefit from similar tools and approaches based on criteria for socially responsible investment.

The Making Microfinance Investment Responsible Action Group will focus its work on building a framework for strengthing the social strategy of microfinance investment vehicles (MIVs)  by creating synergies among actors, developing audit, rating, reporting frameworks and certification initiatives. This framework will promote standarised, complementary approaches and good practices for microfinance investment funds and will contribute to improving  transparency so that funds with strong social responsibilty gain visibility and support MFI investees to achieve greater impact on final clients.

Action group outputs for 2011

1. A publication on microfinance and socially responsible investment (SRI), to make sure that microfinance investment practices are in line with SRI terms.

 For the latest information about the MIR action Group please click here

Participants

Cerise, ADA/LMDF, Agora Microfinance Partners LLP, Alterfin, BlueOrchard, CGAP, European Investment Bank, FIG/RAFAD, Grameen Credit Agricole Microfinance Foundation, LuxFlag, Microfinance Initiative Liechtenstein, Oikocredit, Pamiga, Sidi, Triodos Facet