MICROCAPITAL BRIEF: 87 MFIs Earn 2011 Microfinance Information Exchange (MIX) Social Performance Reporting Award

Microfinance Information Exchange (MIX), a US-based nonprofit provider of data and analysis on microfinance institutions (MFIs), funders, networks and service providers dedicated to serving the financial needs of low-income clients, has released the names of 87 MFIs that have earned its winners of the Social Performance Reporting Award. The awards are distinguished by silver, gold and platinum winners.

The awards are intended to promote transparency regarding MFIs’ social performance, which is defined as serving and creating opportunities for a large number of poor and excluded people, improving the quality of financial services and bettering the social responsibility of an MFI. The list of awardees can be found at http://www.themix.org/sites/default/files/2011%20Social%20Performance%20Reporting%20Award%20Recipients_4.pdf.

By Amira Berrada, Research Associate

About Microfinance Information Exchange (MIX): The Microfinance Information Exchange (MIX) is a US-based nonprofit provider of performance data and analysis on microfinance institutions (MFIs), funders, networks and service providers dedicated to serving the financial needs of low-income clients. The mission of MIX is to strengthen the microfinance sector and financial inclusion in general by promoting transparency. The organization’s MIX Market website offers access to financial and social performance information covering approximately 2,000 MFIs. MIX publications include the MicroBanking Bulletin and MIX Microfinance World, which feature periodic research and data analysis. Incorporated in 2002, MIX is headquartered in Washington, DC, with regional offices in Azerbaijan, India, Morocco and Peru. Its supporters include the Bill & Melinda Gates Foundation, CGAP (Consultative Group to Assist the Poor), Omidyar Network, The MasterCard Foundation, the UN’s International Fund for Agricultural Development, the Michael & Susan Dell Foundation, Citi Foundation, Ford Foundation and Deutsche Bank.

Sources and Additional Resources:

[1] Pakistan Observer: “Microfinance Bank Receives Award” http://pakobserver.net/detailnews.asp?id=149998

[2]http://www.themix.org/sites/default/files/2011%20Social%20Performance%20Reporting%20Award%20Recipients_4.pdf

MicroCapital story, December 13, 2010, “MICROCAPITAL BRIEF: 350 Microfinance Institutions (MFIs) Report to Microfinance Information Exchange (MIX) Social Performance Reporting Awards” https://www.microcapital.org/microcapital-brief-350-microfinance-institutions-mfis-report-to-microfinance-information-exchange-mix-social-performance-reporting-awards/

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Amira joined MicroCapital while working at Export Development Canada (EDC) as a Credit Insurance Underwriter. Amira holds a Bachelor degree in International Business and Finance from Concordia University in Montreal. While completing her bachelor degree, Amira spent a semester in France and upon graduation, three months in India working with non-governmental agencies, political and spiritual groups for various socioeconomic initiatives such as the advancement of women. While travelling to different cities and rural areas in India, Amira was touched by the poverty she witnessed and was dedicated to finding a way to intertwine her business interests with her passion for development. She hopes this internship in microfinance will provide the framework to integrate an element of development into her professional career as well as positively contribute to the field of microfinance. Amira speaks English, French, and Spanish fluently and has conversational knowledge in Portuguese and Arabic. In her spare time, she enjoys reading, trying new restaurants such as molecular gastronomy, restaurants made out of ice and Nicaraguan meals wrapped in banana leaves. Most of all, she loves to travel with loved ones.