Microfinance Council of the Philippines

MCPI monitors the financial and outreach performance of MCPI members and other microfinance industry players such as NGOs, rural banks, thrift banks, and credit cooperatives. Performance monitoring enhances the transparency of financial transactions of MFIs and encourages accountability and adherence to international accounting standards and common reporting formats. Transparency and adherence to standards in turn attracts the support of providers of capital from the private sector.

In this regard, MCPI has partnered with the Microfinance Information eXchange (MIX) for its benchmarking tool. It works closely with regional networks in promoting the use of tools from MIX. Lastly, MCPI promotes the use of Customized Performance Reports (CPRs) to help MFIs assess their strengths and weaknesses in terms of financial and operational performance. This will also enable the MFIs to compare their performance vis-à-vis their peer groups.

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