Transparent Pricing Initiative in Azerbaijan Launch Presentation

On October 8th 2009 MFTransparency co-hosted a training workshop with the Azerbaijani Micro-finance Association (AMFA).  The workshop trained industry professionals on issues related to pricing transparency and consumer protection and marked the launch of MFTransparency’s Transparent Pricing Initiative in the Azerbaijani Republic.

During the Transparent Pricing Initiative, the group will collect data on interest and fees charged on each microfinance loan product in Azerbaijan in order to calculate the accurate, true price (Effective Interest Rate) on those loans. MFTransparency hopes to establish an industry standard for cost calculation that will allow for easier product comparison.

At the training workshop MFTransparency presented on the need for transparent pricing in microfinance.