Micro finance and consumer protection in small fund and saving ..growth up..and low debt..great insure..more trusty..right?
การออกแบบผลิตภัณฑ์ทางการเงิน ซึ่งอยู่ในภารกิจความรับผิดชอบของสำนักพัฒนาทุนและองค์กรการเงินชุมชน
Networks/ MFIs
Financial institutions in Haiti belong to at least one of four main associations depending on the type of institution. A 2008 USAID directory of MFIs in Haiti breaks down three of the associations as follows:
- The National Association of Haitian Credit Unions (ANACAPH) represents 42 cooperative financial institutions.
- The National Council of Popular Financing (KNFP) represents nine non-cooperative financial institutions based primarily in rural areas.
- The National Association of Haitian Microfinance Institutions (ANIMH) represents 17 non-cooperative MFIs, with six of these institutions also belonging to the KNFP.
- The 13 commercial banks operating in the country belong to the Association of Professional Bankers (APB).
ANACAPH
Founded in 1998, ANACAPH unites financial cooperatives and credit unions across Haiti in order to promote the cooperative sector both nationally and internationally. Following the cooperative crisis of 2002, ANACAPH has stepped up its efforts to instill public confidence in its member organizations by demanding strict observance of applicable laws, democratic principles, and transparency. The organization’s mission also requires it to promote financial literacy among consumers. The association has eight main objectives:
- Support the organization of credit unions and international cooperation among its members.
- Represent its members to third parties and defend their interests.
- Promote education on economic, social, and cooperative topics.
- Promote the growth and development of its members by providing appropriate services.
- Promote research studies on credit unions and the cooperative movement.
- Promote cooperative values and respect for generally recognized principles.
- Promote member adoption of and compliance with risk management standards.
- Undertake activities to generate revenue and meet member expectations.
In addition to these objectives, ANACAPH offers trainings to its members on topics ranging from the legal and regulatory framework for cooperatives to professional ethics.
Network Details:
Year founded
|
1998
|
Number of Member Institutions
|
42
|
Clients of Member Institutions
|
201,662
|
Assets of Member Institutions
|
US$44.1 million
|
Savings at Member Institutions
|
US$30 million
|
Loan Portfolio of Member Institutions
|
US$24.7 million
|
(2007 data)
http://www.centerforfinancialinclusion.org/publications-a-resources/client-protection-library/104-summary-of-client-protection-in-haitihttp://www.smartcampaign.org/about/smart-microfinance-and-the-client-protection-principles
http://www.fund.cdd.go.th/
The Client Protection Principles
Smart Microfinance is being fully transparent in the pricing, terms and conditions of all financial products. Smart Microfinance is working with clients so they do not borrow more money than they can repay or use products that they do not need. Smart Microfinance employs respectful collection practices and adopts high ethical standards in the treatment of clients. Smart Microfinance gives clients a way to address their complaints so they can be served more effectively. Smart Microfinance ensures client data remains private. Smart Microfinance protects clients, businesses, and the industry as a whole.
Smart Microfinance encompasses core Client Protection Principles to help microfinance institutions practice good ethics and smart business. The Client Protection Principles are the minimum standards that clients should expect to receive when doing business with a microfinance institution. These principles were distilled from the path-breaking work by providers, international networks, and national microfinance associations to develop pro-client codes of conduct and practices. There is consensus within the microfinance industry that providers of financial services should adhere to these core principles:
- Appropriate product design and delivery
Providers will take adequate care to design products and delivery channels in such a way that they do not cause clients harm. Products and delivery channels will be designed with client characteristics taken into account. - Prevention of over-indebtedness
Providers will take adequate care in all phases of their credit process to determine that clients have the capacity to repay without becoming over-indebted. In addition, providers will implement and monitor internal systems that support prevention of overindebtedness and will foster efforts to improve market level credit risk management (such as credit information sharing). - Transparency
Providers will communicate clear, sufficient and timely information in a manner and language clients can understand so that clients can make informed decisions. The need for transparent information on pricing, terms and conditions of products is highlighted. - Responsible pricing
Pricing, terms and conditions will be set in a way that is affordable to clients while allowing for financial institutions to be sustainable. Providers will strive to provide positive real returns on deposits. - Fair and respectful treatment of clients
Financial service providers and their agents will treat their clients fairly and respectfully. They will not discriminate. Providers will ensure adequate safeguards to detect and correct corruption as well as aggressive or abusive treatment by their staff and agents, particularly during the loan sales and debt collection processes. - Privacy of client data
The privacy of individual client data will be respected in accordance with the laws and regulations of individual jurisdictions. Such data will only be used for the purposes specified at the time the information is collected or as permitted by law, unless otherwise agreed with the client. - Mechanisms for complaint resolution
Providers will have in place timely and responsive mechanisms for complaints and problem resolution for their clients and will use these mechanisms both to resolve individual problems and to improve their products and services.
Download the revised Client Protection Principles »
Download the revised Client Protection Principles (French) »
Download the revised Client Protection Principles (Spanish) »
Download the revised Client Protection Principles (Azeri) »
Download the revised Client Protection Principles (Portuguese) »
Putting the Principles to Work:
Detailed Guidance on the Client Protection Principles
Detailed Guidance on the Client Protection Principles
This draft guidance is intended to engage participants in developing a consensus on the meaning and interpretation of each of the Client Protection Principles (CPPs). It gives general guidance on how each principle should be applied. The document begins with a general discussion of each principle and then discusses product-specific applications as the principle applies to credit, savings, payment services, and insurance. The discussions by product are at a relatively early stage of development. Detail will be added in the coming months, particularly in these areas: branchless banking, payments, savings, and microinsurance.
This is a working document, and comments are encouraged. Please address any comments to comments@smartcampaign.org.
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