Transparency and accountability are essential in developing a responsible microfinance sector.
We encourage our partners to report to the MIX Market, a global, web-based source for financial and social performance data on MFIs. Of our partners, 55 % report financial performance and 45 % report social performance to the MIX Market. The percentage of microfinance partners that were financially rated increased to 55 %. The percentage of partners with an external social rating increased to 25 % in 2012
We also ask our partners to disclose their interest rates to MFTransparency.
Our partners provide us with the interest rate details on their primary financial product(s). Oikocredit determines whether the interest rate is acceptable using the knowledge of partners and field staff and assessing the local market.