Community Development Banking List
06-30-2010, 05:58 PM
Original message from: drew@socialenterprise.net
Dear Colleagues,
While many of you focus on the US, I did want to share this interesting
opportunity for int'l microfinance - especially for investors, accountants,
CPAs, MIS providers, and other stakeholders:
We need your expertise to assist the MFI Financial Reporting Standards
Initiative ( <http://www.reportingstandards.org> ('http://www.reportingstandards.org>') www.reportingstandards.org)
to improve efficiency and effectiveness of microfinance institutions through
new, relevant financial reporting standards. We are seeking 100 stakeholders
to provide public comment to this draft before July 18th.
This is an industry-wide voluntary effort facilitated by the US NGO SEEP
Network. After extensive input from a steering committee, the public
comment draft includes new performance ratios, BASEL II compliance
standards, and asset-liability management. This updates the SEEP Framework
(2005) to better reflect realities of today's microfinance industry - for
example should the industry focus on ROA & ROE other 'self sufficiency
ratios like OSS & FSS? The goal is to benefit microfinance stakeholders with
better information for decision-making, improved transparency, increased
investment, and ensure client protection.
Your perspective is invaluable to this initiative, please review the draft
for public comment and share your thoughts. Documents can be downloaded at
www.reportingstandards.org or at www.kdid.org (scroll down the home page).
Direct any/all comments and feedback to
<mailto:reportingstandards@seepnetwork.org>
reportingstandards@seepnetwork.org by July 18th.
Thank you for your support.
Andrew (Drew) Tulchin | Managing Partner
drew@socialenterprise.net
cell +1.202.256.2692 | wk +1.505.715.6927
Social Enterprise Associates
www.socialenterprise.net <http://www.socialenterprise.net/> ('http://www.socialenterprise.net/>')
Financial Performance | Social Impact | Environmental Sustainability
Dear Colleagues,
While many of you focus on the US, I did want to share this interesting
opportunity for int'l microfinance - especially for investors, accountants,
CPAs, MIS providers, and other stakeholders:
We need your expertise to assist the MFI Financial Reporting Standards
Initiative ( <http://www.reportingstandards.org> ('http://www.reportingstandards.org>') www.reportingstandards.org)
to improve efficiency and effectiveness of microfinance institutions through
new, relevant financial reporting standards. We are seeking 100 stakeholders
to provide public comment to this draft before July 18th.
This is an industry-wide voluntary effort facilitated by the US NGO SEEP
Network. After extensive input from a steering committee, the public
comment draft includes new performance ratios, BASEL II compliance
standards, and asset-liability management. This updates the SEEP Framework
(2005) to better reflect realities of today's microfinance industry - for
example should the industry focus on ROA & ROE other 'self sufficiency
ratios like OSS & FSS? The goal is to benefit microfinance stakeholders with
better information for decision-making, improved transparency, increased
investment, and ensure client protection.
Your perspective is invaluable to this initiative, please review the draft
for public comment and share your thoughts. Documents can be downloaded at
www.reportingstandards.org or at www.kdid.org (scroll down the home page).
Direct any/all comments and feedback to
<mailto:reportingstandards@seepnetwork.org>
reportingstandards@seepnetwork.org by July 18th.
Thank you for your support.
Andrew (Drew) Tulchin | Managing Partner
drew@socialenterprise.net
cell +1.202.256.2692 | wk +1.505.715.6927
Social Enterprise Associates
www.socialenterprise.net <http://www.socialenterprise.net/> ('http://www.socialenterprise.net/>')
Financial Performance | Social Impact | Environmental Sustainability