The Microfinance Center (MFC) for Central and Eastern Europe and the New Independent States, an international network of approximately 110 microfinance institutions (MFIs), recently announced the launch of its Social Performance Start-up Fund, a facility that aims to provide technical and financial assistance to regional- and country- level microfinance networks that are looking to address social performance.
The fund, which is expected to launch in May 2011, is sponsored by the Ford Foundation, a private grant-making organization based in the US. The size of the fund has not been released.
By Medha Ravi, Research Associate
About Microfinance Center (MFC) for Central and Eastern Europe and the New Independent States:
Based in Poland, the Microfinance Center (MFC) for Central and Eastern Europe and the New Independent States is an international network of approximately 110 microfinance institutions (MFIs) that aims to promote a socially oriented and sustainable microfinance sector. Its services include knowledge management, policy advocacy, research and development and assistance with technical services for the microfinance community.
About Ford Foundation:
The Ford Foundation provides grants and loans that address the issues of democratic and accountable government, human rights, social justice philanthropy, economic fairness, metropolitan opportunity (jobs, schools transportation, housing), sustainable development, educational opportunity and scholarship, freedom of expression, and sexuality and reproductive health and rights. The foundation was chartered in 1936 by Edsel Ford. For the fiscal year ended September 2009, approximately USD 490 million has been approved by the foundation across its different programs.
Source and Resources:
Microfinance Gateway article, “MFC Global Facility to Promote Social Performance”, http://www.microfinancegateway.org/p/site/m/template.rc/1.1.9625/
MicroCapital.org 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/
MicroCapital.org story, December 13, 2010, “MICROCAPITAL BRIEF: Microfinance Center for Central and Eastern Europe and the New Independent States (MFC) Implements “Debt Management” Training in Poland”, https://www.microcapital.org/microcapital-brief-microfinance-center-for-central-and-eastern-europe-and-the-new-independent-states-mfc-implements-debt-management-training-in-poland/
MicroCapital’s Microfinance Universe Profile: Microfinance Center (MFC) for Central and Eastern Europe and the New Independent States, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Microfinance+Centre+for+Central+and+Eastern+Europe+and+the+New+Independent+States
MicroCapital’s Microfinance Universe Profile: Ford Foundation, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Ford+Foundation
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
Similar Posts:
- MICROCAPITAL BRIEF: EU Guaranteeing $113m to Support $490m in Lending by EBRD to MSMEs in Eastern Europe, North Africa, Western Asia
- MICROCAPITAL BRIEF: CEB, EU Expand Roma Housing Microfinance, Financial Inclusion Program to Bulgaria
- MICROCAPITAL BRIEF: KosInvest Borrows $650k from Grameen Crédit Agricole for Microfinance in Kosovo
- MICROFINANCE EVENT: 25th MFC Annual Conference: Thriving Together; May 24-25, 2023; Budva, Montenegro
- MICROFINANCE PAPER WRAP-UP: “The Relationship Between Financial and Social Performances in Microfinance: Insights from the Provision of Agricultural Loans in Cambodia,” by Tristan Caballero-Montes
