SearchOikocredit partner first to offer transparency data
30-11-2009
Oikocredit project partner PAWDEP is leading the way in microfinance pricing transparency in Africa. The Kenya-based Pamoja Women's Development Programme was the first African microfinance institution to submit data to MFTransparency Transparent Pricing Initiative.
MFTransparancy allows organizations in the microfinance sector to publicly demonstrate their commitment to pricing transparency, integrity and poverty alleviation in the industry.
The MFTransparency staff are now working with other Kenyan MFIs to complete the data submission process. The success of the MFTransparency Transparent Pricing Initiative in Kenya depends on the submission of information on product pricing.
Oikocredit was the first Dutch microfinance investor to endorse the pioneering organization and has renewed its support to the organization last month. With the continued endorsement and financial backing of organizations like Oikocredit, MFTransparency has been able to scale up its pricing transparency operations.
About PAWDEP:
PAWDEP has 70 staff and 58 of them are female. They have 48,000 clients - all women - throughout five provinces in Kenya. PAWDEP chief executive Julius Muiruri says the organization uses the motto, "education with credit" combining loans with practical training. The organization is also embarking on a pilot programme aimed at men titled, "Men in Action". PAWDEP has been an Oikocredit project partner since 2008, and has received one Oikocredit loan of Kenya Shillings 84,000,000 (€ 801,000).
These press releases and other disclosures of news and events are correct to the best of our knowledge and belief, based on the information available at the time of publication. These may contain certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. All press releases are current only as of the date specified. Oikocredit International disclaims any obligation to update or correct press releases as the result of financial, business or any other developments occurring after the specified date.
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