MFIs are increasingly using social performance assessment tools such as Social Performance Indicators-SPI, MIX Market social reporting standards and social ratings in order to become stronger and 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 focuses its work on building a framework for strengthening the social strategy of microfinance investment vehicles (MIVs) by creating synergies among actors, developing audit, rating, reporting frameworks and certification initiatives. This framework promotes standarised, complementary approaches and good practices for microfinance investment funds. Moreover it contributes to improving transparency so that funds with strong social responsibility gain visibility and support MFI investees to achieve greater impact on final clients.
Action Group Head
Mrs Cécile Lapenu, Cerise
Ms. Gabriela Erice
Action Group publications
Does good client protection impact financial performance?, May 2014
Strengthening Governance for Responsible Finance: Examples from European Investment Funds, October 2011
Driving investment decisions with social performance information, October 2011
European Dialogue N°3:
Making Microfinance Investment Responsible - State of the practice in Europe, November 2010
European Dialogue N°1:
The role of investors in promoting social performance in microfinance, June 2008