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Promoting transparency in the microfinance sector
Project
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Signature date
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Location
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Multi-country Global
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Financing tool
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Financing amount (Euro)
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12565
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Financing details
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EUR 12,565 of technical assistance
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Customer
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MicroFinanza Rating Srl (MFR)
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Type of customer
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Financial institution
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Project number
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PZZ1340
PROPARCO is supporting the pilot phase of a new microfinance data platform. It will improve the transparency of the price of credit, access to financing and the social and environmental responsibility of microfinance institutions.
Client presentation
MicroFinanza Rating Srl (MFR) is an Italian consulting firm specialized in microfinance, operating in the fields of rural and urban microfinance, financing for micro, small and medium-sized enterprises and ethical finance. It operates in developing countries and economies in transition.
Project description
This financing is providing support, in the form of technical assistance, during the pilot phase of the new microfinance data platform launched by Microfinanza Rating. This project aims to revitalize a price transparency tool after the MicroFinance Transparency tool was stopped, in the microfinance sector, this time ensuring it will be permanent thanks to a sustainable economic model.
Project impact
The launch of this platform will benefit many players in the microfinance sector (microfinance institutions, donors, investors, etc.). It will improve both the transparency of the prices of credit and the social and environmental responsibility of MFIs.
This project is a responsible and structural initiative for the microfinance sector, which will improve access to financing.