June 18, 2014 · 6:00 PM
This will be the first of the three-part series on Social Performance. Sounds boring? Actually, quite the opposite.
Microfinance organizations (MFIs) prefer to highlight the impact they create by presenting successful stories of individual clients. It helps humanize microlending and show how access to financial service can change lives. On the other hand, the microfinance industry grew comfortable avoiding hard numbers on what share of MFI's clients are actually below the poverty line, what is the female to male ratio etc.
There has been a recent push to increase social performance accountability and transparency by the MFIs. This is understanable, since most MFIs heavily rely on donor money and donors, in turn, want to make sure that they are not just subsidizing a regular bank.
At our June event Sergio Guzman from the Smart Campaign and Sebastian von Stauffenberg from MicroRate will discuss why social performance evaluation is essential for the MFIs.
Sebastian has served as CEO of MicroRate for over five years and recently transitioned into a new role, leading a new entity within the MicroRate family focused on impact investment. Sebastian holds an MBA from Georgetown University and an Economics degree from Virginia Tech.
Sergio is a Lead Specialist for the Smart Campaign of the Center for Financial Inclusion at ACCION. He played a key role in the development of the Campaign and joined CFI a year prior the Smart Campaign launch in 2008. Sergio received a degree in history and international relations from George Washington University.