Launch of the Responsible Microfinance Facility (RMF)

12 February, 2015

The Responsible Microfinance Facility (RMF) is a three-year initiative, launched in January 2015 and funded by the Agence Française de Développement (AFD). The Social Performance Task Force (SPTF) is managing the RMF, in collaboration with Smart Campaign.  The purpose of the RMF is to strengthen the social performance management (SPM) practices, including client protection practices, of financial institutions in sub-Saharan African (SSA) and the Middle East and North African (MENA). 

Activities:

The RMF will offer trainings and provide co-financing to financial institutions for certain activities. More details below:

  • Trainings. 1. three-day introductory training on responsible inclusive finance; 2. training Smart assessors; 3. training SPI4 auditors; 4. training technical assistance (TA) providers on client protection; 5. training TA providers on all other elements of SPM.
  • Activities eligible for co-financing. 1. accompanied SPI4 assessment plus additional support; 2. client protection assessment; 3. an upgrade project chosen by the financial institution; 4. specialized training for the financial institution on an aspect of SPM of its choosing; 5. Smart certification and/or social rating.

The RMF will also support two research projects: an analysis of integrating client protection into digital financial services, and an update of the Microfinance Index of Market Outreach and Saturation (MIMOSA). RMF will also develop a select number of new SPM resources. 

For more information and application forms, click here.

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