Promoting Transparent Pricing in the Microfinance Industry
Joined May 2009
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@chuckwaterfield in WSJ: Why #Microfinance Loans have such high interest rates, @mftransparency
on.wsj.com/1L582kO
MFTransparency launched in Bali seven years ago today. We close our doors three days from now. Some answers here: bit.ly/1U4equ8
Yes, #MFTransparency is closing. Here is where you get the details: nextbillion.net/blogpost.asp…
mftransparency retweeted
On the Calendar: #Microfinance Transparency – What Prices Do We Really Charge? nextbillion.net/events.aspx?… @MFClubUK @chuckwaterfield
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#Microfinance must address the ?: Are there ethical limits to profits? says @mftransparency CEO at #17MCSummit: bit.ly/1rXSned
mftransparency retweeted
"Large % of the poor in #Mexico are juggling multiple loans, each priced over 100%" -@mftransparency CEO: bit.ly/1rXSned #17MCSummit
#17MCSummit Let's deal w/imp. topics at Summit. "“The opposite of good is not evil; the opposite of good is indifference.” Abraham Heschel
A6: #17MCSummit We need to honestly discuss profit off of the poor. How much is too much? Mexico profits are > US$1 million per day.
A6: #17MCSummit Police ourselves AND urge independent parties to police us. The poor need real & independent consumer protection.
#17MCSummit Be willing to take on not-profitable markets. Let's not get rich off of disabled, elderly, poor women. Please.
#17MCSummit The summit is in Mexico... home of thousands of "MFIs". Only a handful will participate in Summit. Is this our future?
A4: #17MCSummit We need leaders with less self-interest inside industry; we need outside leaders involved in keeping industry in check.
@creativemetier #17MCSummit Absolutely! Jim Collins' work showed this 20 years ago. But it takes INTENTIONAL EFFORT to do this.
A2: #17MCSummit Balancing client and business really means putting the client first and the business second.
A1 #17MCSummit When we self-promote beyond realistic goals, we set ourselves up for a bigger fall from grace.
Q1 #17MCSummit Wishful thinking & marketing jargon. More realistic - Hope to HELP more & HARM fewer. We have a long way to go.
#17MCSummit Hello, I'm @chuckwaterfield, CEO of @mftransparency and I'm one of the discussants today.
mftransparency retweeted
STARTING IN 10 MINUTES: #Microfinance Twitter chat today at NOON ET: mcs2015.org/chatAug27 @devex #17MCSummit @MicroCredSummit #microcredit
Q8: (answer) Financial inclusion alone cannot eliminate global poverty. That is purely an industry marketing pitch. #MicrofinanceChat