57 Microfinance Companies, Institutions and Lenders Committed to Making A Difference

Microfinance institutions make a big difference in the world by offering microloans and other microcredit products to help spur economic development. We’ve compiled a list of 80 microfinance companies, institutions, lenders, non-profits, and friends of the microfinance movement.

They are an inspiration to others in the global movement to end poverty and we hope you will find here inspiration for stating your own Campaign Commitment to help reach the 100 million goal and end extreme poverty by 2030.

The possibilities for partnering are limitless and the work to be done takes shape in innumerable ways. It will take us all working together in specific ways, measuring our progress, and binding ourselves to real timelines for our actions. 

Get Inspired. Set a Goal. Make a Commitment.

The Kashf Foundation

The Kashf Foundation commits to the following:

  • Kashf Foundation is dedicated to helping low-income women grow their businesses and increase their business revenues and incomes through training on marketing, business development and business management. Moreover, the women micro-entrepreneurs are also taken on market visits to meet vendors. Kashf commits to train 5,400 women micro-entrepreneurs in the business incubation lab trainings till November 2015.
  • Kashf is committed to making access to finance more client-friendly and convenient, to aide this process Kashf is the pioneer Pakistani MFI developing a credit scoring matrix and piloting digital financial tools which will provide access to easy loan facility to clients along with improving client selection. Kashf commits to pilot this with 3,000 clients till the end of the year.
  • Kashf is cognizant of the negative impact of health related expenditures on womens business incomes and business savings and is committed to providing its clients with health insurance to help mitigate this risk. Kashf commits to provide health insurance to over 1 million individuals from low-income households, including women, men and children (of both sexes).

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Propagate commits to the following:

  • Share best practices, common principles and lessons learned to increase FSPs’ capacity to deliver smallholder and value chain financing that enhances farmer productivity.
  • Goal for 2016: Participate in 2-3 key knowledge-sharing events in 2016 to present on smallholder and value chain financing.
  • Influence the availability and structure of wholesale financing to attract appropriate investment and better support the growth of smallholder finance services
  • Goal for 2016: Meet with a key stakeholder group of investors to identify key challenges and common goals.
  • Develop commercial and operational partnerships that drive product development and innovation in smallholder finance services and create stronger value chains for farmers.
  • Goal for 2016: Pilot at least 1 operational partnership and create a pipeline of potential future partnerships.

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WSBI renews their Campaign Commitment and commits to the following:

  • Identifying successful inclusive finance strategies for youth markets
  • Holding events with our partners and member banks to share knowledge about pricing research and the implications of offering savings products for the poor.
  • WSBI and its members will step up their efforts to provide first time access to a targeted 110 million new transaction accounts in 2016 and to encourage active usage of these accounts by promoting a pro-poor and customer centric product and service offer for all segments of the population, based on the proven criteria of usability, affordability, accessibility and sustainability. Linkage with village banking and self-help groups will be an important element in this context and aims to contribute to helping families lift themselves out of extreme poverty.
  • This will be done through awareness raising events, including exchanges of information and best practice at three or more WSBI regional events as well as targeted capacity building provided by the consultancy and training arm of WSBI. WSBI will also actively seek partnerships with other stakeholders involved in the innovation, digitalization and technology space so as to reap synergies and roll out innovative digital solutions to providing financial services.

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BRAC commits to the following:

  • In 2014, BRAC committed to graduating 250,000 households out of ultra-poverty by the end of 2016. This was in addition to 1.4m households already graduated in Bangladesh since 2002. BRAC is on track to meet this commitment by the end of this year.
  • BRAC committed to publishing an in-depth implementation guide to help governments, microfinance institutions and NGOs execute their own ultra-poor graduation programs. Additionally, BRAC committed to providing technical assistance and consultation where requested to governments, NGOs and MFIs looking to implement the graduation approach. In 2015 BRAC launched PROPEL, an implementation guide for graduation practitioners. In addition to being a public resource, BRAC intends to utilize this guide in all future technical advisory work with governments, NGOs and MFIs. BRAC intends to disseminate the resource widely among these audiences.
  • BRAC committed to hosting a national conference on graduation.to tackle the question of where graduation approaches and policy environments intersect and can reinforce sustainable graduation outcomes for ultra-poor families. In December 2015 BRAC, in partnership with the International Growth Centre at London School of Economics, hosted a conference on graduation approaches, looking at both short and long term effects of graduation programs. In cooperation with leading economists the conference presented data from the longest term Randomized Control Trial study of graduation outcomes from BRAC’s program in Bangladesh.
  • BRAC committed to hosting annual Immersion and Training Visits in Bangladesh for interested parties including policy makers, microfinance institutions, multilateral funders, and donors to witness the graduation program in action. BRAC now hosts annual Immersion Visits and has hosted governments, MFIs and NGOs interested in implementing the approach. BRAC commits to hosting 5 groups annually beginning in calendar year 2016. During these visits, participants get an in-depth look at the program, from field staff training ultra-poor women on how to realize a return on their new assets, to the healthcare, savings, and social integration elements of the approach. The next round of these Immersion and Training Visits are on the weeks of March 28th- April 8th.2016 Please contact Sadna Samaranayake at sadna@bracusa.org to register.

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The Mifos Initiative

The Mifos Initiative and DreamStart Labs commit to the following:

  • Mifos Initiative and DreamStart Labs are coming together in a new, bold and momentous initiative! This Commitment embodies the spirit of the 100 Million Project with its measurable approach and global outreach for the financial inclusion of the world’s extreme poor. The Commitment Makers will begin by providing a sample of savings groups from various countries with software to manage their financial records. They will be working in the lean startup method of “build-measure-learn” to continually develop their software and meet the needs of the extreme poor. Not only will the software empower families and communities to become part of the formal financial services system, but more importantly provide crucial data that will improve product design and the lives of the families who receive them.

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 The MicroFund for Women

 The MicroFund for Women commits to the following by the end of 2016:

  • Increase the outreach of financial services to women by 8%
  • Provides empowerment non-financial services to 800 women
  • Open a physical branch in a rural area
  • Support 100 female clients in marketing their products

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Uddipan commits to the following by the end of 2016 (Excerpted):

  • \Provide financial support to 57,217 women to generate additional income his year.
  • 4,800 clients will be covered under health insurance
  • 1, 23, 161 clients will be covered under food security program (Cumulative). This year will be covered additional 32,798.
  • 10,000 no. of family member will get education on child rights
  • 4,417 no. of children will be enrolled in schooling. All school centres are run by UDDIPAN and new 1250 nos. of learners will be added during the year 2015-16. Among the total learners 70% comes from UDDIPAN organised group family and the rest 30% covered from the rest of the community.
  • Provide agricultural finance to 68,226 no of clients in livestock and fishery.

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Padakhep Manabik Unnayan Kendra

Padakhep Manabik Unnayan Kendra commits to the following (Excerpted):

  • No. of Poor Cross the Poverty Line: 25,000
  • Total Vulnerable Women Coverage among ultra poor: 40,000+
  • Advocacy on HIV/AIDS: 75,000
  • No. of Beneficiaries to be trained in financial literacy : 10,000,000
  • Skills Development Training: 30,000
  • Eye Camps Organized: 20, Hearing Camps Organized: 13
  • Clients Coverage under Food Security Program: 20,000

Society for Social Service (SSS)

Society for Social Service (SSS) commits to the following by the end of 2016 (Excerpted):

  • 20150 new clients will be covered under Nation Building through Eradicating Malnutrition (NEM) program run by SSS own fund.
  • 8520 students will receive scholarship (Tk. 500 to 8000 monthly) under Education and Child Development Program.
  • 46070 clients will get health service (Discounted consultation, treatment and primary health care awareness) under SSS health program.
  • SSS will provide financial support to 2000 woman clients TK. 4000 each for their Caesarian delivery, operation on gallbladder stone, appendicitis and hysterectomy.
  • Provide gainful employment to 1000 unemployed youth during this period.

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TMSS is committing to expand its financial and non-financial services to the following numbers of clients in the fiscal year 2015-2016:

  • 1 million clients will receive financial services. The focus area of ftnancial services will be agriculture and ME/MSEM sector ln 2015-16, approximately 100,000 (100 Thousand) clients will be added to the program.
  • Atleasl 50.000 poorest of the poor clients will be lifted out of poverty during 2015-’16.
  • O.50 million clients witl be covered with health education and 0.30 million clients will be covered wiih concessional health services.
  • 100,000 women will be covered within women empowerment with the best endeavor/initiatives of TMSS.
  • 5,000 community people will be covered under alcohol de-addiction program and different awareness raising issues.
  • 50,000 farmers will be directly covered under improved agriculture practices.
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Jagorani Chakra Foundation (JCF)

Jagorani Chakra Foundation (JCF) commits to the following:

  • 2700 ultra poor people of saline affected coastal areas received support of installing rain water harvesting system, technical and linkage support to promote adaptive agriculture practices.
  • More than 1,000,000 poor and ultra poor village and slum women received training on health and nutrition.
  • A total of 58 Community Health Providers (CHPs) are trained as paramedic to deliver primary health support in slum areas.
  • 83,000 community people and different professional are made aware of anti-human trafficking (mainly women and children).
  • 42 anti-trafficking units formed and functioning at 42 Union Parishads (Ups).
  • 350 commercial sex workers and their children received support to be aware about their rights, get access to normal society, choose alternative livelihood and …….. women changed their commercial sex trade work.
  • 319 disabled children and adults are getting physiotherapy treatment and their families are being aware on treating them well.

A shelter home of 100 children’s capacity who mainly born in brothels are being operated and at present there are now 51 residential children. A total of 36 children have passed the Secondary School Certificate (SSC) exam and 21 children passed Higher Secondary Certificate (HSC) exam so far, 18 children are now working in different places after finishing technical and academic education and are living outside the shelter home, 5 children are studying at graduate level and 29 boys and girls are married and integrated into normal society
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ESAF will reach out to new clients through its products and services through a comprehensive set of actions they commit to including the following:

  • Measure the poverty levels of 200,000 clients using the Progress out of Poverty Index®.
  • Reach an additional 10 percent, making a total of 50 percent, of clients belonging to historically disadvantaged scheduled castes and tribes (as defined by the Government of India).
  • Offer women’s leadership and empowerment programs to benefit at least 50,000 clients.
  • Reach at least 2,000 with children’s educational programs for academic growth and value education.
  • Educate at least 50,000 clients on environment protection and use of clean energy products.
  • At least 50 percent of clients purify drinking water using a standard method of purification (i.e., boiling, water purifier, or chlorination).

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The Technical Secretariat for Disabilities

The Technical Secretariat for Disabilities (Secretaría Técnica de Discapacidades) of the Vice-presidency of the Republic of Ecuador commits to:

  • Support 500 entrepreneurial projects led by persons with disabilities through the Productive & Financial Inclusion Network by December 31, 2015: The Technical Secretariat is developing the “Productive & Financial Inclusion Model” through public-private partnerships. The model provides financial capacity building and training in support of enterprises run by persons with disabilities, and the Technical Secretariat has supported 257 enterprises to date. 
  • Implement a set of measurement indicators, including indicators to assess poverty levels, during the first half of 2015: The Technical Secretariat understands the vital importance of measurement indicators to assess progress in meeting its objectives in serving persons with disabilities. It is currently working with partners to identify and assess the relative strengths of available poverty measurement and other indicators. 

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Equitas commits by the end of the 2015-2016 financial year to expand its financial and non-financial services to the following number of clients:

  • 1.5 million clients for the financial services.
  • 70,000 clients covered under the food security program.
  • 50,000 clients covered under the Health Education program.
  • Screen the health of 850,000 clients.
  • 3,000 clients will receive discounted consultation/treatment in partner hospitals.
  • Poverty measurement will be made for 1.5 million clients using PPI.
  • Provide financial support to 3,000 disabled women.
  • Rehabilitate 200 homeless pavement dwellers.
  • Screen, educate and track the health of 3,500 students in the 6 schools run by Equitas Trust.
  • Provide gainful employment to 15,000 unemployed youth.
  • Train 50,000 women in new skills to increase their income.

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Grama Vidiyal

Grama Vidiyal commits by the end of the 2015-2016 financial year to expand its financial and non-financial services to the following number of clients:

  • Add 150,000 clients for the financial services in FY15.
  • Help 1,050,000 community members with our empowerment program.
  • Organize 720 health Camps for our clients screening 300,000 members.
  • Provide 10,000 clients with discounted consultation/treatment in partner hospitals.
  • Provide health education to 80,000 client families (or community).
  • Give access to health related products and medicines to 150,000 clients.
  • Help 800,000 clients with the Free Meals program.
  • Install 1,000 household toilet connections and 4,000 Water Tap connections.
  • Establish 80 Community Knowledge Centers engaging 30 poor students each (total of 2,400 students) to motivate in learning Basic Math and English.
  • Help 500,000 clients with the Health service and Development Program that provides Sanitary Napkins for women.
  • Measure poverty of 35,000 clients using PPI.

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CRECER commits to support the movement of helping 100 million families lift themselves out of extreme poverty in the following ways:

  • Continue to prioritize services for female clients: CRECER has 152,000 clients and will grow 3 percent per year to reach 166,000 clients by the end of 2017 while maintaining a rate of 80 percent women clients.
  • Clients in rural areas: Maintain a rate of 56 percent of total clients living in rural areas.
  • Strengthen financial education targeted towards women: By the end of 2015, have 75,000 female clients attend financial education events.
  • Support cervical cancer prevention: By the end of 2015, 25 percent of female clients will be receiving preventive screening each year, and it is expected that approximately 32,000 will benefit from this screening by the end of 2015.
  • Improve the quality of life: Of CRECER’s 152,000 clients, at least 65 percent live on less than double Bolivia’s poverty line ($2 per person per day), which is to say they live on on less than $4 per day per person, while 41 percent are below the national poverty line. Our goal is that 10 percent of clients who are currently below the national poverty line raise their incomes from less than $2 to at least $4 per day, thus surpassing the poverty line. This process will be monitored with the Progress out of Poverty Index (PPI).

Microloan Foundation

Microloan Foundation commits to successfully complete a pilot program in 2 Malawi branches and 1 Zambia branch involving 2,700 clients enabling improved client outcomes due to the following:

  • Streamlined products which meet the needs of the poorest clients (living under $1.25/day) as well as more experienced business women who wish to grow their business.
  • Improved access to savings for emergencies and planned costs.
  • Improved support to vulnerable clients including formal rescheduling of loans.
  • Standardization of pre-disbursement and follow up training using adult learning methodologies.

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Musoni commits to: 

  • To integrate the PPI Scorecards into the Musoni System enabling MFIs to easily capture and analyse social performance data.
  • To integrate the PPI Scorecards onto the Musoni tablet app making it possible for field officers to capture PPI data remotely, in both offline and online mode.
  • To develop the core PPI Reports and add directly to the Musoni System for all MFIs to benefit.
  • To encourage at least five of the MFIs using the Musoni System to start capturing PPI data, with the goal of capturing PPI data for over 50,000 entrepreneurs.
  • By the end of 2016, Musoni commits to:
  • To encourage at least fifteen of the MFIs using the Musoni System to start capturing PPI data, with the goal of capturing PPI data for over 150,000 entrepreneurs.

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REST Ethiopia

REST Ethiopia commits to: 

  • Helping 348,000 chronically food insecure families lift themselves out of extreme poverty by extending safety net transfers to help them smoothen their consumption and link them to financial service providers to help them diversify their livelihood.
  • Help 22,500 families with the Weather index insurance coverage against drought.

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Grassroots Capital Management

Grassroots Capital Management commits to: 

  • Launching a microfinance equity fund to support financial institutions that combine health, education, and other non-financial services with credit and pro-poor financial services to comprehensively support their clients and demonstrate improvement in the lives of the poor as well as their own financial viability.
  • Expanding its advisory work with four more MFIs to better integrate social performance management into governance by aligning directors and management around clearly articulated and measurable social outcomes targeted by the MFIs’ social missions.
  • Continuing to focus on social performance with its current portfolio of nearly forty companies, working with them to successfully incorporate social performance management tools in order to measure their outreach and outcomes. 

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The Mifos Initiative

The Mifos Initiative commits to the following:Ensure that the PPI and other social performance management frameworks can be captured and analyzed as an integral part of the client workflow in the Mifos X platform:

  • PPI Integration – Full integration of the Progress out of Poverty Index within the Mifos X platform with support for capturing the Progress out of Poverty Index scorecards for all 56 countries within our cloud-based Mifos X Community App.
  • PPI Reports – Develop and release 5 standard reports which contain the most relevant and high-value analysis of the PPI data captured in Mifos X.
  • Ensure that social performance management (SPM) is a focus of our community and we provide the resources and education to help our customers adopt SPM through our partner channel:
  • PPI Adoption – Commit to ensuring at least 6 customers on the Mifos X platform are implementing the PPI as part of their social performance management strategy.
  • PPI Training – Commit to getting at least three of our Mifos Certified Partners trained and registered as PPI trainers listed on the Grameen Foundation directory of trainers.
  • Support capturing PPI scorecard data via mobile forms on Android-based smartphones through our Mifos X Android app.
  • Complete the development of our Client Impact Portal with drill-down and roll-up social performance management data including the PPI. 

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Micro Pension Foundation

Micro Pension Foundation commits to the following:

  • Encouraging mass-scale civil society action to achieve pension and social security inclusion by motivating P2P action using the first global e-commerce social security platform titled “gift-a-pension”. This web-platform enables middle and upper-middle income households to enroll their domestic help (cooks, drivers, maids, guards) for an integrated pension, insurance and micro-payment solution through the Internet. Employers use electronic financial literacy tools (FAQs, animations, films, calculators) to explain pension and social security concepts and product features to their home help. Domestic help who do not have a bank account are provided a bank-issued prepaid card for channeling periodic micro-pension contributions to regulated pension funds and life insurers. By December 2016, the Foundation will aim to achieve coverage of 25,000 domestic help in middle and upper-middle income households in India. The Foundation will also identify and work with likeminded institutions in other developing countries to implement the Gift-a-Pension platform in other countries.
  • The microPension Foundation will collaborate with a specialized social security solutions enterprise to launch a new social security gateway named microPension-in-a-Box (mPIB). This gateway will enable governments, regulators, multilateral and bilateral aid agencies, MFIs, cooperatives, NGOs and social enterprises more generally to offer an integrated social security program based on portable, individual pension and insurance accounts to their citizens, clients or beneficiaries. With the Microcredit Summit Campaign, the Foundation and the new solutions enterprise will launch a global road-show in mid-2016 to show-case the mPIB solution to Campaign Partners and to build a global partnership-led implementation network.

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Fundación Capital

Fundación Capital commits to: 

  • Expanding outreach to 15 million families by 2020 by increasing from 10 to 14 our present agreements with national governments in the LAC region, and increasing complementary agreements with financial institutions and private partners.
  • Expanding our activities and network in at least four countries in Africa by 2015, and four countries in Asia by 2016, thereby reaching an additional 10 million families by 2020.

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The Center for Financial Inclusion

The Center for Financial Inclusion (CFI) commits to bringing greater attention to the issue of aging and financial services, by:

  • Conducting supply-side research in the fall of 2014 on the obstacles to older adults accessing and using the financial services that could help to improve their lives. CFI will also partner with HelpAge International to conduct demand-side research in the fall of 2014 to better understand the income streams and expenses of older adults in Colombia.
  • Publishing a white paper on these two research efforts and conduct two roundtable discussions — one focused on the Latin America region and one focused globally — that will galvanize support around this issue. These roundtable discussions will be in late 2014 and early 2015.
  • CFI renews their 2013 commitment to further support the inclusion of those with disabilities by committing to: 
  • In partnership with their disability support organization v-shesh, the Center for Financial Inclusion at Accion will use the customized disability inclusion tools and trainings developed in 2014 at Annapurna, Equitas and ESAF, to mobilize at least five other Indian MFIs to implement disability inclusion best practices at their respective institutions by end of 2015. CFI will share these tools and trainings at Conferences and Workshops throughout India during 2015. They will also measure the year over year increase in the number of clients with disabilities at Annapurna, Equitas and Esaf beginning in 2015.
  • The Center for Financial Inclusion at Accion will continue to work throughout 2015 with BRAC Bangladesh to institutionalize disabilities inclusion practice.

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Redcamif commits to:

  • Reaching 24,000 poor people with the Micropensions Program
  • Reaching 36,000 poor people with Microinsurance services
  • Reaching 5,000 poor rural families with rural finance and environment programs
  • Facilitating the access to financing and technical assistance in Social Housing to 40,000 families
  • Reaching 4,000 poor women from rural areas with appropriate financial products and services for entrepreneur women
  • Reaching 15,000 people with the Financial Education Program of savings, credit, Microinsurance and family budgeting
  • Ensuring 80% of the REDCAMIF network members, which are113 MFIs, apply one of the diverse Social Performance Management tools, such as:
    • ​Training in Principles of Client Protection
    • Implementation of the Progress out of Poverty Index (PPI)
    • Social Audit SPI 4
    • Universal Standards Training
  • Installing in at least 15 IMFs, the GDS System software to track performance against the organization’s social mission and measure impact on poverty

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FAFIDESS commits to:

  • Programmed Plan of Retirement (Micro-pensions)
  • Social Housing loans
  • Education loans
  • Individual loans
  • Solidarity Groups
  • ​Communal Banks
  • ​​Training in productive activities.
  • Promoting and supporting business ventures.
  • Supporting the community organization with emphasis on social development.
  • Strengthening the Technical Assistance to the productive activities of the clients. 

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Fundación Paraguaya

Fundación Paraguaya commits to:

  • Reaching 125,000 families in the next three years.
  • Ensuring 30,000 families overcome income poverty.
  • Ensuring 9,000 overcome multidimensional poverty through their own unique system, the Stoplight of Eliminating Poverty. 
  • Lifting 24,000 clients out of extreme poverty in the next 3 years, from 2015 onwards. Those clients will be monitored through the implementation of the GDS System. The GDS system incorporates different social performance management tools, such as: i) the MIX Market, ii) the PPI survey to measure poverty and iii) the Smart Campaign principles of client protection.
  • Providing and increasing the number of financial products designed to the needs of their clients, mainly indigenous women with scarce resources from the rural areas of the country, such as:

Child and Youth Finance International

Child and Youth Finance International commits to:

  • Obtaining joint Commitments from organizations in their respective networks to take specific, measureable, actions to implement child and youth inclusive practices and products within their operations, with the goal of reaching 10 million children and youth through 50 financial service providers by the end of 2015.
  • The integration of Progress out of Poverty Indicators in all CYFI Country and Partner Surveys. 
  • Celebrating Global Money Week, March 9-17th 2015, reaching 250,000 children and youth through 25 financial institutions.

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The International Labour Organization (ILO)

The International Labour Organization (ILO) commits to: 

  • Publishing 6 studies on how innovative insurance creates value for low-income households and how insurance companies can expand outreach to cover excluded populations in a cost-efficient manner by 2017.
  • Expanding its agricultural insurance activities into 5 new countries by 2017.
  • Holding three microinsurance-related webinars by end 2015.
  • Publishing an analysis on how Social Protection Floors and the financial inclusion agenda can be mutually beneficial to lifting people out of poverty by end of 2015.
  • Publishing one paper summarising recent ILO research on how microfinance can contribute to job creation by end 2015.

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The Microfinance CEO Working Groups

The Microfinance CEO Working Groups commits to:

  • Client Protection: Between October 2013 and today, 10 of our affiliates serving 5.7 million clients have been certified in Client Protection. In fact, of the 22 Certifications that have been awarded since January 2013, 15 of them have been affiliates of our member networks. In the coming year, we will continue actively preparing our affiliates to excel in client protection and will continue increasing the number of certified MFIs.
  • Pricing Transparency: 80% of our affiliates published their pricing information in those countries in which Microfinance Transparency publishes their data. This coming year we will be an active participant in the Membership Based Pricing Data Collection Pilot and continue to search for ways clients and investors can make informed decisions taking into account our affiliates’ prices.
  • Social Performance: Since October of last year, more than 10 of our affiliates serving over 1 million clients have had a social rating or audit conducted. Our Executive Director served on the Board of Directors of the Social Performance Task Force and actively participated in the Expert Panel developing the SPI4. In addition, a good number of our affiliates participated in the Beta test of the SPI4. This coming year we will be refreshing our method of tracking compliance with the Universal Standards of Social Performance Management and will continue to encourage our affiliates to lead by example.
  • Outcomes: In the last 10 months, we have collected and catalogued the research of our networks on client outcomes. We hired an expert on outcomes research to review 69 of these studies and identify the most promising indicators that could potentially be used to standardize the monitoring and evaluation data that our networks collect. This coming year we will continue this important effort to improve the monitoring of our social goals.
  • Global Appeal: As of June 30, 2014, 1,311 individuals and 427 organizations had signed the Global Appeal as an outward symbol of their commitment to the principles embodied therein. We will continue to track and increase these numbers in the coming year.
  • Investors: The CEOs have now held joint meetings with the Financial Inclusion Equity Council (FIEC) on two occasions in order to assess the extent to which we could join hands in driving support for the Universal Standards for Social Performance Management including the Client Protection Standards. The FIEC has since developed a Social Performance Roadmap to assist their members in clarifying and advancing social performance initiatives. In addition, they have formed a Social Performance Working Group that will meet collaboratively with the Social Performance Peer Group of the CEO Working Group to discuss issues of mutual concern and interest. Finally, at least annually, the FIEC and the Working Group will meet together to analyze industry trends and progress in implementing the standards of client protection and social performance management.

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Social Performance Task Force

Social Performance Task Force commits to:

  • Helping financial institutions use the Universal Standards for Social Performance Management Implementation Guide and begin to implement social goals. Specifically, SPTF commits to disseminating the guide – either in person or via downloads – 1,000 times.
  • Continue working with CERISE to have at least 100 MFIs use the SPI4, which serves as a simplified self-assessment tool for financial institutions to identify their strengths and weaknesses in social performance management.
  • Continue working with the Responsible Inclusive Finance (RIF) Working Group during 2015 to reduce duplication of efforts and address gaps in technical assistance provision to better facilitate institutions’ ability to reach social goals. Specifically, SPTF commits to having 12 full-day trainings through the group this coming year.

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Freedom from Hunger

Freedom from Hunger commits to:

  • Reach at least 600,000 women in the Philippines with health education and other services targeted at improving maternal health.
  • Secure at least 10 Commitments from members of the Philippine Microfinance and Health Consortium related to starting or growing an integrated health and microfinance program and 3 Commitments from allies in the business, philanthropic, and health communities in the Philippines related to resourcing the Consortium. 

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The Carsey School of Public Policy

The Carsey School of Public Policy commits to supporting the measurement of the movement out of poverty by:

  • Continuing to research the social and economic conditions and policies that affect the poor and making the research findings available in a timely and relevant way for other researchers, policy makers, advocates, and practitioners
  • Designing and launching research that measures the impact of savings groups in creating social capital, empowerment, resiliency and community action, as well as any risks or unanticipated negative effects of such programs. This will be completed by late 2016.
  • Surveying the more than 700 graduates of our savings groups training to assess the scale and impact of the savings groups projects they created after learning the methodology from our workshops, and using these findings to continue to improve the effectiveness of our training and capacity building. A report on these findings will be published by March 2015.
  • Studying how savings groups spread within and between communities to identify conditions that lead to spontaneous replication that can be the key to large-scale expansion. Design and implementation of this research will be completed by late 2015. 

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World Savings Bank Institute

World Savings Bank Institute commits to: 

  • Continuing its efforts to deepen understanding about youth markets in order to better identify successful strategies for inclusive financial products and services focusing on 4 key areas – usability, affordability, accessibility and sustainability. We are also pursuing a new research focus on youth financial products and aim to facilitate the launch by at least one member bank of a product offer initiative that fits more easily with the money flows that youth and young adults actually manage in their day to day lives. This should contribute to creating a more nuanced segmentation of the young adult market as well as creating a useable characterization of evolving needs in this market.
  • Holding, along with partners and member banks, at least three learning events during 2015 to share knowledge about appropriate pricing research conducted in Burkina Faso, El Salvador, Indonesia, Kenya, Lesotho, Morocco, South Africa, Tanzania, Uganda, and Vietnam and the implications of this research on successfully implementing savings products for the poor.

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Oikocredit commits to: 

  • Supporting at least four MFI partners in developing capacity in using PPI data over time
  • Providing MFI staff with training in data analysis and management
  • Providing MFI management with training on how analysis and usage of PPI data can help to improve products and services, be accountable to stakeholders and profile their organization
  • Delivering four PPI outcome results by the end of 2014

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BRAC commits to: 

  • In Bangladesh alone, BRAC commits to graduating 250,000 households out of ultra-poverty by the end of 2016. This is an addition to 1.4m households already graduated in Bangladesh since 2002.
  • BRAC commits to publishing an in-depth implementation guide in September 2014 to help governments, microfinance institutions and NGOs execute their own ultra-poor graduation programs. Additionally, BRAC commits to providing technical assistance and consultation where requested to governments, NGOs and MFIs looking to implement the graduation approach. 

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Red Financiera Rural

Red Financiera Rural commits to: 

  • In 2014 we will develop innovative microfinance products based on the results of the institutional survey that addresses the needs of the clients and institutions. These needs include rural credit, credit with value chains, rural savings, microinsurance and microfranchises. By the end of 2014, we will implement these products in at least 8 institutions.
  • By the end of 2014, we will increase the coverage of institutions participating in Finance Education Programs from 8 members serving 2,700 clients, to at least 12 members.
  • By the end of 2014, we will implement Social Performance Management tools in 20 institutions. Among these, we will implement 4 SPI, 2 SMART evaluations, and 2 with the Truelift tool.

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Kashf Foundation

Kashf Foundation commits to

  • As part of the effort of Kashf Foundation to provide a comprehensive array of services for our clients, we will expand our existing health insurance program to cover 100,000 individuals by the end of 2014.
  • We will also expand access to vital health services for Kashf Foundation clients by increasing the number of active health camps to 16 and 18 OPD sessions in 2014.
  • Kashf Foundation Commits to expand its efforts to provide financial education and capacity building for its clients. Kashf has provided this training for over 600,000 clients to date. By the end of the first quarter of 2015 Kashf will provide access to financial education and capacity building trainings for an additional 200,000 clients.

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Microensure commits to:

  • MicroEnsure commits to reach 10 million clients with insurance services by the end of the first quarter of 2015.
  • MicroEnsure commits to expand its current reach into 15 countries by launching work in 5 new countries by the end of the first quarter of 2015.

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The Food and Agriculture Organization (FAO)

The Food and Agriculture Organization (FAO) of the United Nations commits to:

  • By the third quarter of 2014, FAO will produce two synthesis reports focused on Africa and Latin America that bring together early findings on innovations and public policy recommendations that enable effective delivery of agricultural finance services and risk mitigation tools that favor inclusive agricultural investments.
  • By the second quarter of 2015, FAO will publish a set of policy guidelines and a set of training manuals outlining how financial service providers and local governments can best design strategies to expand access to agricultural finance services and risk management tools for smallholders and agricultural enterprises.
  • Throughout 2014, FAO will deliver training to public and private financial service providers in Africa, Latin America and Asia aimed at mainstreaming value chain finance analysis in their processes as a way of improving their ability to serve the agricultural sector.
  • Throughout 2014 and 2015, the Rural Finance and Investment Learning Centre (www.ruralfinace.org), the CABFIN supported knowledge management web platform, will be making publicly available all policy and training material related to rural finance and investment developed by leading organizations around the world, including CABFIN partners.

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Women’s World Banking

Women’s World Banking commits to:

  • Women’s World Banking is committed to integrating the Gender Performance Indicators (GPI) into its annual network reporting, achieving 100% of network members reporting on the GPI framework by the end of 2015.
  • Women’s World Banking commits together with the Microcredit Summit Campaign to hold a series of 2 learning events during 2014 to share with practitioners and other industry stakeholders the value of using the GPI, especially the 5 Select Indicators, to help strengthen financial inclusion of low-income women and ensure we are serving these women well.

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TCP Global

TCP Global commits to:

  • In June 2014, make a presentation at the National Peace Corps Association Conference to advise Returned Peace Corps Volunteer communities of the availability of pro bono assistance in adding microcredit to their existing anti-poverty programs.
  • By July 1, 2014, publicize information on TCP Global’s pro bono microcredit assistance in both Rotary International and St. Vincent De Paul Society publications in order to acquire a minimum of 5 prospective microloan implementation partners.
  • By October 1, 2014, create a cloud-based loan tracking system with options for multiple languages and currencies to ensure complete and accurate loan records and relieve loan program administrators of an accounting burden. Loan information would be entered from remote sites around the world, with detail and summary loan information tracked online, by loan site. System will include a phone app.

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Grameen Foundation

Grameen Foundation commits to:

  • Grameen Foundation will release in 2014 a Global Use Report on the PPI outlining those known users of the PPI to date to broaden understanding about the types of organizations utilizing the PPI and the purposes to which they have put the tool.
  • Grameen Foundation will also publish by the end of 2014 one or more case studies deeply investigating the benefits, challenges, and outcomes seen by organizations that are using the PPI.
  • Grameen Foundation India with support from DFID will produce by the end of 2014 four Poverty Outreach Reports detailing use and trends in social performance that can be derived from data gathered using the PPI from Indian practitioners.

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BRAC Maendeleo Tanzania

BRAC Maendeleo Tanzania commits to:

  • Doubling by the end of 2014, the number of both clubs and participants in the ELA program from 180 clubs reaching 7,600 girls to 360 clubs reaching 14,800 girls.
  • Doubling the provision of financial support through the ELA program from 2,000 girls through $300,000 to 4,000 girls with $550,000.

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AGFUND commits to:

  • Open an AGFUND bank in the Sudan by end of 2013, as well as open two new AGFUND banks by 2014 in Palestine and the Philippines, respectively.
  • Enhance the academic culture surrounding microfinance by setting up a microfinance degree in universities spanning 7 different Arab countries.
  • Double the beneficiaries in their arena by 2014 from 250,000 to 500,000.

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Ahon sa Hirap (ASHI)

Ahon sa Hirap (ASHI) commits to:

  • To inspire the marginalized and enable them to rise above all forms of poverty. Our target outreach to the Poorest for 2014 will be 40,000 marginalized women. We will do this through pursuing new and existing partnerships to deliver complete services to our clients using the Progress Out Poverty Index on movement of current members out poverty.
  • To create an environment that enhances empowerment of women and their families by launching in 2014, a Financial Literacy and Education Program in all of our branches and mainstreaming it at the center level.
  • ASHI will aim to achieve the Seal of Excellence by applying the lessons learned from the Microfinanza Social and Financial and Responsible Financial rating. ASHI will continually work to implement the SMART Campaign Client Protection Principles. ASHI will also report social performance data using the CERISE SPI-4 social audit tool.

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CDF commits to:

  • CDF will encourage and mobilize its MFI-members to use the Progress out of Poverty Index tool to measure client movement out of poverty over time, aiming to initially reach a total of 15 members by the end of 2014.
  • CDF will encourage and mobilize its MFI-members to use the Truelift Assessment Tool to guide efforts network wide, initially targeting that 15 institutions use the tool in 2014. 
  • Capacity building in conducting the assessment will be incorporated as segments into existing CDF trainings.
  • Collaborate with MRA and PKSF to conduct capacity building training in implementing strategies for integrating health services into the microfinance programs of network members throughout 2014. CDF will strive to see such strategies implemented in at least 15 member institutions by the end of 2014. 

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CFI commits to:

  • We will fully customize and then implement the Center’s Roadmap for Disability Inclusion for the Indian MFI Market with three MFI partners.
  • CFI will publish a series of disability inclusion tools and trainings, developed with our strategic partners Fundación Paraguaya and Handicap International, for use by MFIs around the world.
  • Produce and begin to disseminate a set of customized disability inclusion tools and trainings, derived from information developed with our partners, to mobilize other Indian MFIs to become disability inclusive institutions.

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CYFI commits to:

  • CYFI seeks to reach 100 million children and youth in 100 countries through inclusive financial services and financial education by 2015. To that end, CYFI will include the collection of client poverty measurement data from partners in our 2014 data collection process.
  • Pursuant to CYFI’s goal of reaching 100 million children and youth in 100 countries with inclusive financial services and economic citizenship education by 2015, CYFI will seek to establish 25 action plans for youth inclusivity with national government partners by the end of 2014.

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FINCA commits to:

  • Establishment of a Social Performance Audit Committee on the FINCA International Board of Directors.
  • Definition of social performance dimensions in the FINCA network and the identification and establishment of metrics in the FINCA reporting system.
  • Once definitions, metrics, and research and analysis are implemented, FINCA will manage its social performance with the same rigor as it manages its financial performance.
  • Implement a social performance management system that will help FINCA target and develop financial services and products for the poor including the following steps:
  • FINCA will continue to pilot financial inclusion projects that will target some of the poorest segments of the population who at this juncture are marginalized.

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Freedom from Hunger

Freedom from Hunger commits to:

  • Secure funding to develop and test health program impact indicators by year end 2014 and sign up 10 partner organizations by 2015 to collect annually and report on poverty outreach plus health program impact indicators to the HMA
  • Reach 1,000,000 financial service providers’ women clients with integrated financial and health services that can contribute to improved well-being for them and their families by year end 2015.

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MCPI commits to achieve the following:

  • We will have reached 3.5 million microfinance clients in the Philippines through our 54 network members in the Philippines.
  • We will have conducted and capacitated our members on social audit and client protection tools including standards on social performance management.
  • We will have increased the availability of information on value chain and client development models through case studies and discussion papers.

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MCWG commits to:

  • Encourage all affiliates to progress toward Smart Campaign certification and be on a pathway toward certification by the end of 2014.
  • We will motivate our affiliates to commit to pricing transparency and integrity by agreeing to publish their pricing data using standard methodologies, such as those developed by MicroFinance Transparency, in order to allow investors and clients to make informed decisions.
  • The working group will promote the Social Performance Task Force’s “Universal Standards for Social Performance Management” among our affiliates and commit to supporting their compliance.
  • We will share the research we each have done on outcomes with one another and with the industry and encourage our affiliates to report outcomes relevant to their goals and objectives.
  • The Working Group will encourage our affiliates to sign the Global Appeal for Responsible Microfinance as an outward symbol of their commitment to the principles embodied in the above initiatives.
  • We will encourage our affiliates’ equity investors to promote the same five initiatives by including them as criteria for investment and our affiliates’ lenders to encourage the adoption of comfort letters also promoting the same five initiatives.

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Microfinance Information Exchange

Microfinance Information Exchange commits to:

  • Develop and launch with the Microcredit Summit Campaign, by 2014, a phased plan to leverage the MIX reporting platform, MIX Report Express, to create a more comprehensive industry dataset, including key indicators about poverty and change in client-level poverty over time.
  • Utilizing the combined data set developed with the Microcredit Summit Campaign by end of 2014, create a research agenda to be pursued through joint, annual reports on key whole-industry, regional, and sub-regional level questions.
  • Together with the Microcredit Summit Campaign, support adoption of standardized poverty reporting through the MIX Gold Community of funders and other data requestors, through an agenda that targets practices that facilitate easier reporting and more accurate data, such as through a standard poverty data desk review.

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Opportunity International

Opportunity International commits to:

  • Understanding and reporting clients’ poverty status and changes in clients’ poverty status over time. We will do this Network-wide by the end of 2014 through use of robust client survey tools – including the Progress out of Poverty Index where available.
  • Improving the provision of education to 275,000 children through SME lending to schools by the end of 2014.
  • Delivering over 100,000 rural loans to smallholder farmers in Africa expanding our outreach to from five to eight African countries while simultaneously expanding Opportunity’s rural savings programs to $25M by the end of 2014.

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The Social Performance Task Force (SPTF) commits to:

  • Produce a common data collection tool and data exchange platform and to
  • Conduct industry mapping of technical assistance providers.

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VisionFund commits to: 

  • Improving the lives of children living in poverty. To ensure we are reaching the intended families, VisionFund is rolling out the PPI across our global network. By the end of 2014, we plan to have implemented the PPI in 21 of our network MFIs. 
    We not only want to ensure we are reaching the intended families and providing needed services, but that we are also implementing other important areas of social performance such as client protection. All of our network microfinance institutions have endorsed the Smart Campaign and all have taken the Smart Campaign self-assessment. We have built these principles and practices (and most of the Universal Standards) into our operations policies, and have included key areas in staff training and audit programs.

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WSBI commits to:

  • We will futher deepen understanding about youth markets to better identify successful strategies for inclusive financial products and services focusing on 4 key areas – usability, affordability, accessibility and sustainability – seeking to publish at least a preliminary outcomes summary by the end of 2014.
    Additionally, WSBI will hold with partners and member banks at least three learning events during 2014 to share knowledge about appropriate pricing research conducted in Burkina Faso, El Salvador, Indonesia, Kenya, Lesotho, Morocco, South Africa, Tanzania, Uganda, and Vietnam and the implications of this research on successfully implementing savings products for the poor.
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