The nonprofit Microfinance Information Exchange (MIX) and Sanabel, a nonprofit organization dedicated to advancing Arabic microfinance, recently awarded certificates of transparency to 43 microfinance institutions from Arab countries.
Al Majmoua of Lebanon, Al Amana of Morocco and Enda of Tunisia each received 5-Diamond certificates, the highest level of transparency awarded by MIX, for their contribution to improving the transparency, quality and reliability of microfinance information. The remaining 40 MFIs received 4-Diamond awards. A complete list of these MFIs may be found on the MIX website at http://www.themix.org/press-release/mix-recognizes-43-arab-mfis-transparency.
By Stefanie Rubin, Research Associate
About the Microfinance Information Exchange (MIX):
Established in 2002, the Microfinance Information Exchange (MIX) is a nonprofit organization with headquarters in Washington, DC, and regional offices in Peru, Senegal, India and Indonesia. MIX provides detailed financial and social performance information from microfinance institutions (MFIs), as well as business information from market facilitators and leading donor organizations and investors in microfinance. MIX was founded by CGAP (Consultative Group to Assist the Poor) and is sponsored by Citi Foundation, Deutsche Bank Americas Foundation, the International Fund for Agricultural Development (IFAD) and the Bill & Melinda Gates Foundation.
Additional Resources:
Source Article: MIX Recognizes 43 Arab MFIs for Transparency: http://www.themix.org/press-release/mix-recognizes-43-arab-mfis-transparency
MicroCapital Universe: The Microfinance Information Exchange: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Microfinance+Information+Exchange+%28MIX%29
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/
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