MICROCAPITAL BRIEF: MicroSave Launches Social Performance Management Framework for Microfinance Institutions (MFIs)

MicroSave, an organization that provides technical assistance to microfinance institutions (MFIs), recently unveiled its flagship Social Performance Management framework, which aims to improve MFIs’ social and business performance.

Under the framework, MicroSave would conduct social performance assessments and the help MFIs implement improvements based on those assessments. The framework has reportedly been applied to Philippine MFI TSPI and the following five MFIs in India: BWDA, Nirantara, Grameen Sahara, Sambandh and Chaitanya.

Costs related to implementing the framework have not been disclosed.

About MicroSave:

MicroSave is a technical assistance, training and technical resource center for microfinance that was established in Uganda in 1998. According to its website, it was “designed and financed by the United Nations Development Programme (UNDP) and Official Development Aid (ODA) to address the mono-credit culture prevalent in East and Southern Africa.” In 2008, MicroSave was transformed into a consulting company, which has since completed projects in Cameroon, Congo, Ethiopia, Ghana, Kenya, Malawi, Nigeria, South Africa, Tanzania, Uganda and Zambia. MicroSave has also established a presence in India with support from ICICI Bank.

By Trevor Kwong, Ressearch Assistant

Sources and Additional Resources:

[1] Source Article: MicroSave: Approach to Social Performance Management:

http://www.microsave.org/sites/default/files/Press_Release.pdf

[2] MicroCapital Universe: MicroSave:

https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=MicroSave

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