International Steering Committee Endorses Six Principles of Client Protection in Microfinance

Twenty-Three Recognized Industry Leaders Set the Course of the Campaign for Client Protection in Microfinance

March 16, 2009 

Microfinance Gateway 

CGAP and the Center for Financial Inclusion at ACCION International, hosted the first meeting of a distinguished Steering Committee for the Campaign for Client Protection in Microfinance. Twenty-three recognized leaders in the microfinance industry, representing a diversity of regions, types of institutions and expertise, officially endorsed the Six Principles of Client Protection in Microfinance and set the course for the Campaign itself.

The Client Protection Principles are part of a microfinance-industry initiative to ensure that providers take steps to protect low-income clients from potentially harmful financial products and ensure that they are treated fairly.

Among the Steering Committee’s priorities for the Campaign are: continuing to build a more ethical and transparent industry that holds true value for its clients; delivering quality financial services to all clients of microfinance; and establishing the microfinance industry as a model for responsible finance by ensuring that microfinance providers have the tools they need to implement the principles.