Launch Event of the Transparent Pricing Initiative in Morocco

In April 2013, MFTransparency, represented by CEO Chuck Waterfield and Program Managers Louisa Dennison and Ranya Abdel-Baki, organized a half-day morning workshop on transparent pricing in Morocco.

The workshop marked the official launch of the Transparent Pricing Initiative in Morocco, sponsored by the Netherlands Platform for Microfinance and delivered in partnership with Planet Rating and Centre Mohammed VI de Soutien à la Microfinance Solidaire (CMS).

The workshop was well attended by more than 25 representatives from the Moroccan microfinance sector.  All of the key Moroccan Microfinance Institutions (MFIs) were represented at the workshop in addition to a number of key stakeholders from the government and the investor and donor community.  The inaugural speech was given by Mr. Mustapha Hassar, Responsable du service des Associations de Microcrédit at Bank Al Maghrib.

Following the opening remarks, Emmanuelle Javoy, Managing Director of Planet Rating, and Chuck Waterfield provided an overview on pricing transparency globally and its role specifically in the Moroccan microfinance industry context.  They shared with the audience  the new industry standards for calculating prices of microcredit products and explained how true prices are calculated.

At the end of the workshop, Chuck Waterfield explained how Moroccan MFIs can actively participate in the Transparent Pricing Initiative in Morocco.  Moroccan MFIs showed interest in taking part in the Initiative and pricing data collection is currently underway in Morocco.