MFI Shareholders and Directors Can Help Achieve Social Goals
by Tanmay Chetan : Monday, August 20, 2012
           
As MFIs try to unravel industry expectations on social performance, there is often a missing piece in MFIs’ internal functioning.  Lack of clarity in their own expectations can lead them to pursue ‘standards’ that might not reflect their reality, or worse, create further ambiguity amongst the staff and management on what exactly should be done to achieve the social objectives.  Shareholders and directors can help set the right expectations at all levels. I share some of my experience at AMK Cambodia on how our Board has been instrumental in operationalizing social performance and also how it has encouraged the management to guide the formulation of an appropriate design around social performance.

For more details, visit: http://www.cgap.org/blog/mfi-shareholders-and-directors-can-help-achieve-social-goals

AMK social rating is AA- given by Microfinanza rating, which means MK has “Very good capacity to effectively translate its mission into practice and to promote social values. Very high likelihood to achieve social goals.”

AMK Wins the Giordano Dell’Amore Microfinance International Best Practices Award

Phnom Penh: October 27, 2011

Microfinance Focus, January 21, 2011

World Bank’s financial arm, International Finance Corporation (IFC), may make a $3 million equity investment in local currency in Cambodian microfinance institution Angkor Mikroheranhvatho Kampuchea (AMK) for a 10% stake in the company.