Leading Microfinance Stakeholders Launch Initiative to Help African MFIs

A new two-year initiative to help African MFIs better target poor clients and track how they are moving out of poverty has been announced. The initiative is being facilitated by the Progress out of Poverty Index™ (PPI™) Users Collaborative in Africa (PUCA), a new, multi-stakeholder group that unites five charter partners – Oikocredit, Catholic Relief Services, Terrafina Microfinance, Planet Rating and Grameen Foundation - with the national microfinance networks APIM Mali and APSFD Senegal.

The initiative will work with three MFIs - Caurie Microfinance and U-IMCEC of Senegal and Kafo Jiginew of Mali - to implement the PPI and analyze its findings.  

The Progress out of Poverty Index™ (PPI™) is a globally recognized poverty assessment tool that enables MFIs to understand their effectiveness in targeting poor clients and tracking their progress.   

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