Client Protection Principles in Microfinance: Accion's Smart Campaign Partners With MFIN and Sa-Dhan

Client Protection Principles in Microfinance: Accion's Smart Campaign Partners With MFIN and Sa-Dhan PR Newswire MUMBAI and BANGALORE, July 24, 2012 MUMBAI and BANGALORE, July 24, 2012 /PRNewswire/ -- 'The Smart Campaign,' an initiative of the global microfinance industry housed at the Center for Financial Inclusion at Accion, is partnering with the Micro Finance Institutions Network (MFIN) and Sa-Dhan, India's two national industry associations for microfinance institutions, to ensure that the Campaign's Client Protection Principles are embedded in a standardized manner across member MFIs. The Smart Campaign is a global coalition of microfinance institutions, networks, associations, and other professionals whose mission is to build awareness and improve implementation of the Client Protection Principles. These principles, and the campaign to implement them have been endorsed by nearly 3,000 microfinance industry institutions and leaders from over 130 countries. This collaboration with MFIN and Sa-Dhan encompasses a wide variety of institutions, ranging from small community development institutions working in remote areas to national MFIs. In the wake of the global financial crises and instances of market overheating in microfinance, particularly in India, the microfinance community has turned its attention to the need for explicit action to protect consumers.