During the month of October, the Microfinance Centre (MFC), a 113-member network based in Poland, is running its annual Borrow Wisely Campaign (BWC) “to make [borrowers] aware of the threat of excessive debt and help them learn how to avoid it.” BWC and its members do this through: (1) outreach to borrowers via social media; (2) sponsoring events both online and in-person; (3) training MFC member institution “staff on how to speak to clients about taking loans wisely;” (4) displaying relevant material at branch locations; and (5) encouraging MFC members to add “dedicated landing pages both in English and their local languages” on their websites to publicize the campaign. In 2019, the campaign reached approximately 1.9 million people via 25 microfinance institutions in 15 countries in Europe and Central Asia.
Based in Poland, MFC encourages “fairness, inclusion, equality and responsible service” among its members, which span 36 countries. The organization’s services include research, technical assistance, study tours, trainings and conferences.
By Nathan Kiplagat, Research Associate
Sources and Additional Resources
MFC press release
http://mfc.org.pl/bwc-2020/
MFC homepage
http://mfc.org.pl/
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