VIEWS FROM SOUTHERN MICROFINANCE ASSOCIATIONS AND NETWORKS ON RESPONSIBLE MICROFINANCE Participants of the discussion group: Francisco de Hoyos- Prodesarrollo – Mexico David Baguma – AMFIU – Uganda Ignace Dovi – Consortium ALAFIA – Benin Piotr Korynski - MFC Emma Paul – African Microfinance Transparency Forum William Tucker – SEEP Network Juana Ramirez – eMFP Magali Paulus and Wendy Medrano Lazo - ADA

Context Objective of the worshop organised on Monday: to express the views and concerns from the networks point of view on what is responsible microfinance, how to promote it and to create an European-Networks collaboration framework.

Main points discussed There is not a formal definition in the sector. For Microfinance Networks the following aspects need to be taken into consideration to define responsible microfinance: Access MFIs Clients Products

Role of the networks INVESTORS CLIENTS REGULATORS MFIs NETWORKS

Role of networks Push for best practices Define basic principles Probation membership Monitoring and Assessments of members and sanctions Custody of sound practices Dissemination and promotion Professionalize, capacity building Companion role

Social performance ratings Key examples Transparency Code of ethics Use of credit bureaus Social performance ratings Financial education