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RichardF
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« on: June 11, 2007, 11:08:04 AM » |
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It seems to me one way to objectively and fairly address the expectation for well-run, sustainable and responsible lending practices for Kiva entrepreneurs is to require all Kiva Field Partners to post MFI Profiles at The MIX Market. This posting requirement also should include at least a 3-diamond rating (including financial data) with a plan to work with Kiva and others to attain a 5-diamond rating (including ratings and evaluations), if needed. As far as I can tell, only about a quarter of the current field partners have MIX profiles online (see List of Kiva Microfinance Institutions). At the very least, using the types of financial data on MIX profiles for basic reporting and comparisons on Kiva Field Partner pages would help lenders and other interested parties make more informed decisions about where to lend their support, financial and otherwise. |
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« Last Edit: July 07, 2007, 10:20:55 PM by RichardF »
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BenElberger
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« Reply To This #1 on: June 11, 2007, 05:39:55 PM » |
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Richard,
Couldn't agree more. We're currently doing this with our partners and we have a staff member working with our partners directly on this. We have a strong relationship with the MIX and hope to have all of our partners up there by the end of the summer.
Thanks!
Ben
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BenElberger
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« Reply To This #2 on: June 11, 2007, 05:40:51 PM » |
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As an FYI, ratings can cost thousands of dollars and are probably out of the range of some of our smaller partners. However, we will be asking them to post up their financial and outreach data as a minimum.
Ben
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RichardF
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« Reply To This #3 on: June 11, 2007, 05:46:26 PM » |
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Thanks, Ben. I agree on the costs of getting up to a 5-diamond rating. Maybe that could be an area for pursing grants, etc., as long as you all see real value in doing it.  |
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BenElberger
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« Reply To This #4 on: June 12, 2007, 11:55:10 PM » |
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Richard,
Absolutely, we're definitely pursuing grants on that. I'd be curious to see if there was lender interest (and individual $$$) in providing funds to a "Institution Building" fund that would be used to perform ratings, match the costs of audits, etc. This would be a fund that would be particularly interesting in that people would know that their $$$ were used to leverage thousands more in loan capital.
Thoughts, reactions, etc?
Ben
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AccountAbility
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« Reply To This #5 on: June 13, 2007, 12:05:55 AM » |
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Maybe this could be a second option offered when each loan is funded by a lender. Hopefully this wouldn't result in diverting funds donated directly to Kiva.
It would take a bit of education though, for the average lender to understand the value of the concept.
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We are loaners!
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RichardF
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« Reply To This #6 on: June 13, 2007, 06:25:27 AM » |
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Ben & AccountAbility, I fully support an earmarked fund for "Institution Building" grants!  I agree you could add it as an option on the "donations" page with a link to a fuller explanation on an "About" page. |
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RichardF
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« Reply To This #7 on: June 30, 2007, 03:00:11 PM » |
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Hey, I just noticed a few "stealth links" to the MIX Market profiles for a handful of the Kiva partners!  If you go to some partners with a profile, like SEED Development Group, and you click on the MFI's logo, you're sent to their MIX Market page. This doesn't work for everyone with a profile, and the partner image link doesn't always work, but it often goes to a page that is not mentioned in the narrative!  It's like playing scavenger hunt without even knowing it!  |
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RichardF
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« Reply To This #8 on: November 11, 2007, 11:41:13 AM » |
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Richard,
Couldn't agree more. We're currently doing this with our partners and we have a staff member working with our partners directly on this. We have a strong relationship with the MIX and hope to have all of our partners up there by the end of the summer.
Thanks!
Ben
Is summer over yet?  |
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BenElberger
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« Reply To This #9 on: November 11, 2007, 11:49:49 PM » |
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Richard,
Thanks for following up on this!
Over the summer, a number of our partners have submitted to the MIX. Others have been slower and Kiva Fellows will hopefully work with them to post up.
(Complicating all of this is that the MIX has its own approval schedule that can take some between an organization submits their profile for posting and when it is up on the web).
We'll keep working on this and hope to have all of our partners up on the MIX.
Ben
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RichardF
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« Reply To This #11 on: June 23, 2009, 11:31:08 AM » |
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Here's as good a place as any for this little MIX Market update. MIX Market Temporarily Closed to UpdatesJun 22, 2009 MIX Market is no longer accepting updates to profiles and performance information. This is a temporary hold as we prepare to release MIX Market Beta, the newest version of our online global marketplace for the microfinance industry. We ask that you do NOT enter any information, even if you have an existing profile, into MIX Market, until further notice. You may still access data and information on MIX Market, however please keep in mind that as of June 20, 2009, we have stopped updating the site. MIX apologizes for any inconvenience this temporary freeze may cause. However, we believe that once you are able to view the MIX Market Beta site, you will find it much more user friendly and easier to update your data and profile information. If you have any questions, please contact your MIX analyst directly, or e-mail us at feedback@themix.org. Thank you. |
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RichardF
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« Reply To This #12 on: July 06, 2009, 08:31:34 AM » |
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From: Microfinance Information Exchange, Inc. Subject: MIX Market Beta Now Available! Please visit the new MIX Market Beta! MIX Market Beta is the newest version of MIX Market, the online data and information marketplace for the global microfinance industry. We have extensively redesigned the site to provide you better access to the MFI and industry data you need. Before we formally announce the release of the new website to the public, we would like you to have a chance to review it and share with us your comments. Please send any suggestions to us at feedback@themix.org. While you can still access the current (old version) of MIX Market, we are no longer updating it. We are only updating MIX Market Beta. We recommend you review the User Guide or the How Do I section of MIX Market Beta before browsing the new site. Additionally, you should review the section titled Data Differences to understand some of the changes we have made in standardization and calculations. All of these pieces can be found at MIX Market Beta, under the About MIX Market link. Note. The new, improved site now is live at http://www.mixmarket.org. |
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« Last Edit: July 29, 2009, 09:34:47 PM by RichardF »
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AccountAbility
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« Reply To This #13 on: July 29, 2009, 07:44:13 PM » |
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Richard - The links in the previous post appear to be dead. Did they go live and change the url?
Dan
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RichardF
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« Reply To This #14 on: July 29, 2009, 09:35:47 PM » |
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RichardF
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« Reply To This #15 on: July 29, 2009, 10:04:36 PM » |
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