Oikocredit India Highlights Social Performance
Aug 31st, 2010Oikocredit continues to harbour concerns of emerging trends and issues in the booming Indian microfinance sector. While the industry’s rapid growth and outreach is impressive, the focus of some microfinance institutions (MFIs) has tended towards financial stability rather than social impact. For some Indian MFIs, the mission has drifted and target, transparency and client protection are issues that need urgent attention.
On October 17 and 18, Oikocredit’s Indian subsidiary Maanaveeya Holdings & Investments will bring together 80 microfinance institutions to discuss Social Performance management. The Symposium on Social Performance Management – 2010 aims to assist MFIs in refocusing on the social mission and providing advice in social performance management and the tools available. Oikocredit will share its approach and priorities in social performance management and capacity building, and offer resource-free ways for MFIs to begin improving social performance management immediately. To find out more about Oikocredit’s Social Performance Management, visit www.oikocredit.org/socialperformance.
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