Thursday, October 23, 2008

Kiva joins leading microfinance investors in signing Client Protection Principles

CGAP yesterday announced that Kiva, among 32 other microfinance investors, have signed on to the Client Protection Principles:
"CGAP is announcing that 33 of the world’s largest microfinance investors have signed on to the Client Protection Principles, a microfinance industry-wide initiative that encourages providers to ensure that low-income clients are treated fairly and protected from potentially harmful financial products. The Principles are distilled from the path-breaking work of microfinance institutions, international networks and national microfinance associations to develop pro-consumer codes of conduct and practices. The Consumer Protection Principles are a proactive effort to define minimum standards for providers to safeguard the interests of vulnerable clients."
Kiva is very proud to be a part of this initiative. Click here to read the announcement in full.