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 and developing technical support for investors. This framework promotes standardized, complementary approaches and good practices for microfinance investment funds.

Between 2008 and 2012, the Action Group produced five key publications (see “Action Group Publications” below). Five years later, the members of the Action Group have gathered together again to take stock of advancement on how the investors see the work done as well as reflect on what still needs to be done to “Make Microfinance Investment Responsible”.

Action Group Head

Mrs Cécile Lapenu, Cerise


Joana Afonso

Action Group publications

Brief N°7:
The Universal Standards for Social Performance Management - Where do we go from here? October 2018

Brief N°4:
Does good client protection impact financial performance?, May 2014

Brief N°2:
Strengthening Governance for Responsible Finance: Examples from European Investment Funds, October 2011

Brief N°1:
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