CGAP yesterday announced that Kiva, among 32 other microfinance investors, have signed on to the Client Protection Principles:
"CGAP is announcing that 33 of the world’s largest microfinance investors have signed on to the Client Protection Principles, a microfinance industry-wide initiative that encourages providers to ensure that low-income clients are treated fairly and protected from potentially harmful financial products. The Principles are distilled from the path-breaking work of microfinance institutions, international networks and national microfinance associations to develop pro-consumer codes of conduct and practices. The Consumer Protection Principles are a proactive effort to define minimum standards for providers to safeguard the interests of vulnerable clients."Kiva is very proud to be a part of this initiative. Click here to read the announcement in full.