The recent evolution of microfinance highlights the growing importance of professionalism in the industry, the need to reinforce management capacities as well as improving and increasing the availability of transparent information regarding the financial performance of microfinance institutions (MFIs).
The primary objective of AMT is to promote and strengthen performance of African MFI's by developing the market for external performance evaluations (assessment/rating) of African MFIs so as to support their growth, their development and their professionalisation.
The purpose of AMT is reinforce the credibility of the African microfinance sector by encouraging a larger number of MFIs to provide transparent and standardised financial information.
Growth opportunities for these institutions are closely linked to their ability to mobilise resources especially from private investors. Access to these commercial-related funds is further linked to the availability of up-to-date and transparent financial information which facilitates the ability to check an institution’s aptitude for covering all its costs.
This increased need for transparency has promoted the emergence of professional performance evaluators or rating agencies, and has further established definitions and measures used in performance evaluations.
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- Copyright Jeff Ashe 2007