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Experiences to report social indicators as a Network. Javier Vaca Executive Director. About RFR’s members. Importance for RFR an d IMF members. Accelerated growth of microfinance in the Ecuador since 2005.
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Experiences to report social indicators as a Network Javier Vaca Executive Director
Importancefor RFR and IMF members • Accelerated growth of microfinance in the Ecuador since 2005. • Challenges for MFIS in innovation and quality of products and services according to its market. • Target market expansion maintaining its mission and vision. • Adaptation of MFIS to new regulatory environment which demands the mandatory to present the social balance in its reports for management. • Requirements from investors and donors. • Overindebtednessrisk.
Ourobjective To generate indicators to measure if MFI being « Bring the mission into practice » Thebestpractice: FINANCIAL AND SOCIAL SUSTAINABILITY
Inputs todevelopour SPM model • SPI tool • MFI databaseanalysis • PPI tool • Universal Standarsfor SPM • Mixmarketindicators • LatinAmericaproposal (FOROLAC, Redcamif, Mision Project). Costs ($, time) Information, benefits
RFR’s social and financialreport software RFR tienen una plataforma de captura de datos a través del internet
RFR’s social and financialreport software Experiencia de Redes en indicadores sociales
RFR’s social and financialreport software Experiencia de Redes en indicadores sociales
Conclusions • RFR allows MFI tospecifytheirownspecific social goals. • RFR allows MFI totrackclientexperiencesforbetterunderstandtheneeds of eachperson and designproducts and servicesaccordingtotheseneeds (clientsatisfaction social + missiongoals + financialresults). • RFR systemallowstomanage MFI social informationdirectlyfrom MFI database, controlingquality and eliminating data errors. Lowcosts, grate results.
www.rfr.org.ec estadisticas@rfr.org.ec jvaca@rfr.org.ec QUITO - ECUADOR