MicroFinance Transparency
Mission:
To help the microfinance industry publicly demonstrate its commitment to pricing transparency, integrity, and poverty alleviation.
Background:
MFTransparency was established to promote the welfare of entrepreneurs in the developing world and the integrity of microfinance as a poverty alleviation practice. Since 2008, the organization has presented information on credit products and their prices to bolster transparency between suppliers and consumers of microcredit products, helping stakeholders understand the cost paid by clients.
Outstanding Web Features:
The MFTransparency Web site offers microfinance interest rate data for individual country markets and the pricing data are presented in graphical form to demonstrate the relationship between loan size and interest rate per market. The APR Calculation Tool, which is accessible via Microsoft Excel, helps site visitors to calculate interest rates, APRs, and the correlation of operating costs and loan size. In addition, site visitors can watch videos or presentations about the importance of transparency, sign the MFTransparency Endorser Statement, and read the organization's blog.
