Archive for the ‘SPM’ Category

Vikash Kumar |Editor-in-Chief | Microfinance Focus Most MFIs might not have consciously evolved SPM as their key objective to measure their performance but none of them could evade their responsibility to do good to the society as their sole objective is to fund the poor who are denied access to fund from other financial institutions and that itself leads to transformation of the society by empowering poor people to earn their livelihood by pursuing some business. or farming. However it is true most of the MFIs in their vision statements emphatically brought out that they primarily aim to alleviate poverty and empower poor people to become self dependent, “sustainability” mantra, by an emphatic group of stakeholders, or such as” increasing efficiency” or “providing a good return to private equity investors of-late, with all positive connotations that it is good for MFIs , however it caused a stiff challenge and apprehension to strike the balance between two bottom-lines. Full story

Jerome Peloquin | Managing Editor-US | Microfinance Focus Let’s stop providing grants, subsidies, and regulatory relief to those MFI’s who have abandoned or fails to live up to their social mission agenda. The need for “Social Performance Management,” is a clear indicator of substantial mission drift within the Microfinance sector. Presently, Microfinance is engaged in an ongoing debate over the morality and ethics of the micro credit movement. Our magazine believes there is a pressing need to establish a shared understanding, of the vision, role, and function of global microfinance. We also believe the time for studying the problem is long past. It is time for ACTION! Full story