Targeted training of Microfinance institution partners:
We hosted the East African Training Conference in Nairobi in partnership with the Grameen Foundation, a non-profit organisation involved in microfinance. The conference was organised to help MFIs in East Africa identify challenges in accessing finance and respond to a changing regulatory and funding environment during the financial downturn.
We developed a Risk Management Toolkit for MFIs in partnership with microfinance consultant Microsave. The toolkit, which covers credit, operational, market and strategic risks, was rolled out in Dhaka, Bangladesh, in December 2010, and we have plans to roll it out in two more geographies in 2011.
We became one of the first commercial banks to support the MicroFinance Transparency (MFT) Group’s Transparent Pricing Initiative in India. The objective of the initiative is to protect customers by making pricing transparent. Pricing information from most MFIs is collected, analysed and published on the MFT website to help customers, funding organisations, donors, regulators and MFIs make informed decisions.
In October 2010, we signed a founding partnership agreement to support The Working Group on Inclusive Finance in China at the 7th China International Finance Forum in Shanghai.
The Working Group aims to promote supportive government policies and responsible investor behaviour in China and will focus on high quality research, principally funded by the Group’s private members. Members will also exchange knowledge and experiences, new developments and third-party research.
We actively contribute to international seminars and conferences promoting microfinance in our markets. Standard Chartered has organised and supported a number of major conferences for the microfinance sector in 2010, including: