AzerCredit receives MIX’s ‘Gold Social Performance Reporting Award’

Micorfinance Focus, May 31, 2010: Microfinance Information Exchange, Inc. (MIX) recognized 13 microfinance institutions (MFIs) from Eastern Europe and Central Asia for reporting their 2009 social performance data at the Microfinance Centre’s Annual Conference in Astana, Kazakhstan. AzerCredit of Azerbaijan received the Gold Social Performance Reporting Award, while Nor Horizon of Armenia and DemirBank of Azerbaijan both received the Silver Award. The Social Performance Reporting Award, sponsored by CGAP, Dell Foundation and Ford Foundation, and powered by MIX, recognizes transparency in social performance reporting.

Ten other MFIs were also recognized for social performance reporting with certificates. AccessBank, Azerbaijan Azeri Star, Bai Tushum, Kyrgyzstan Caucasus Credit, CredAgro, Azerbaijan KEP, Kosovo, Kompanion, Kyrgyzstan SINERGIJA, Bosnia & Herzegovina, Avrasiya Kredit, Azerbaijan Imon, Tajikistan were the recipients. MIX will also be participating in a workshop on Social Performance Management.

The Social Performance Reporting Awards showcase the achievements of those MFIs that are committed to transparency and accountability by reporting on the way their efforts directly impact poor clients. The Social Performance Reporting Awards provide a yardstick for those wanting to assess an MFI’s commitment not only to showing progress in helping its clients, but also to supporting its staff, and protecting the environment. As such, the awards reward openness and accountability in reporting, not the actual performance of MFIs on these measures. More than 200 MFIs submitted reports on their social performance in 2009 to MIX and this number is expected to increase significantly in the second round of awards.

Related Posts:

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• Grama Vidiyal Microfinance Pvt Limited bags Transparency Award
• MIX granted fund to share data of Microfinance Institutions with GIIN
• PlaNet Finance India invites applications for Microfinance Process Excellence Award
• ACCIÓN international receives IDB development award
• Hivos partner NOGAMU of Uganda bags award
• Euromoney awards AccessBank as ‘Best Bank of Azerbaijan’
• Oikocredit continues to focus on investments in Microfinance for social impact, report

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