The SP Start-up Fund for Networks announces grant awards

 

The SP Start-up Fund for Networks announces 13 awards for a total amount of USD 440 160 for starting-up social performance activities.

The following national microfinance associations are winners of the SP Start-up Fund call for proposals:

  1. Union of Credit Organizations of the Republic of Armenia (UCORA), Armenia
  2. Credit and Development Forum (CDF), Bangladesh
  3. China Association for Microfinance (CAM), China
  4. Ghana Microfinance Institutions Network (GHAMFIN), Ghana
  5. Micro Finance Institutions Network (MFIN), India
  6. Association Professionnelle des Systèmes Financiers Décentralisés (APSFD-CI), Ivory Coast
  7. Association of Microfinance Organizations of Kazakhstan (AMFOK), Kazakhstan
  8. Centre for Microfinance (CMF), Nepal 
  9. Palestinian Network for Small and Microfinance (Sharakeh), Palestine
  10. National Confederation of Cooperatives (NATCCO), Philippines
  11. National Partnership of Russian Microfinance Sector’s Members (NAMMS), Russia
  12. Association of Micro Finance Institutions Rwanda, Rwanda
  13. Tanzanian Association of Microfinance Institutions (TAMFIN), Tanzania

The awarded 13 networks were selected in a competitive processes from among 32 applicants coming from 30 countries. The grantee networks will participate in capacity building activities organized by the SP Start-up Fund in October and November 2011. Further, they will begin their one year social performance start-up projects to be implemented by the end of 2012. It is expected that through the SP Start-up Fund support, the following results will have been achieved:

  • 13 networks will have implemented their social performance activities including awareness raising events with members as well as training in social performance reporting and management
  • 317 MFIs will have started social performance reporting to the MIX
  • 108 MFIs will have introduced improvements in their Social Performance Management practices
  • 31 local consultants and networks staff will have been capacitated in providing leadership and technical support on social performance.

Up-to-date information on the grantees’ projects progress will be regularly posted at the SP Start-up Fund website www.mfc.org.pl/SPFund.

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