The Impact Working Group launches its Stocktaking Initiative website
The Impact Working Group is proud to announce the launch of its Stocktaking Initiative website! This website serves as a clearinghouse of information on ongoing impact assessments of microinsurance. The Working Group plan to continually update and add new features to this site, including adding completed impact assessments of microinsurance.
The Microinsurance Network endorses the Smart Campaign
The Smart Campaign seeks to unite microfinance providers worldwide to develop and implement standards for the appropriate treatment of low-income clients based on six principles. The overall objective of the Campaign is for these principles to become embedded within the fabric of the microfinance community and for microfinance to be recognized as a strongly pro-consumer industry.
Over the last year, a consensus has emerged around six principles that would comprise the industry’s commitment to client protection:
1. Avoidance of over-indebtedness
2. Transparent pricing
3. Appropriate collections practices
4. Ethical staff behavior
5. Mechanisms for redress of grievances
6. Privacy of client data
Institutions and individuals that endorse the Client Protection Principles are committing to be a part of an industry-wide process to translate the Principles into standards, policies, and practices appropriate for different types of microfinance clients, products, providers, and country contexts.
By endorsing these Principles, providers of financial services, networks, and individuals working in microfinance are committing to a process of implementation of the principles into their own organization’s operations and institutional culture.
For networks, endorsement is a commitment to engage with its affiliated organizations to promote and support the Campaign and Coalition and to implement the principles.
More information on this campaign
Online calendar: The Microinsurance Network website has a new feature
The new Microinsurance Network calendar is now available. It includes Microinsurance Network and general microinsurance conferences, trainings and meetings and will be updated on a regular bases.
If you know of or are organising any events, please send us an email and we will include it in this calendar.
Microinsurance Network officially launched in Luxembourg
The Microinsurance Network was officially launched in Luxembourg during the opening session of the European Microfinance Week on Tuesday, November 24th 2009, by the Minister of Cooperation and Action Aid Marie-Josée Jacobs.
Craig Churchill, ILO and chair of the Microinsurance Network, thanked the Minister for this opportunity and continued to highlight the challenges for promoting good value microinsurance that should be addressed by microinsurance stakeholders as well as by European Microfinance Platform members.
The Microinsurance Network would like to thank the European Microfinance Platform (e-MFP), the Ministry of Cooperation Luxembourg and the Network's members for their support and look forward to further collaborations and discussions in the years to come.
Press release, 30 November 2009
Tageblatt, 27 November 2009
Luxemburger Wort, 26 November 2009
Paperjam online, 25 November 2009