The Microfinance CEO Working Group (MCWG) welcomes a new member to their international collaboration, Jesse Fripp, General Manager of the Aga Khan Agency for Microfinance (AKAM). AKAM reaches nearly one million low-income households and small business borrowers and savers across 10 countries in- the Middle East, Africa, and South Asia, lending over $300 million per year into these local economies. Geneva based Fripp joins the Working Group’s efforts to support the positive development of the microfinance industry, so the field can reach its full potential of bringing responsible microfinance and related services to those who have been traditionally excluded.
Scott Brown, Chair of the MCWG and President and CEO of VisionFund International, said, “We are delighted AKAM will join our collaborative effort to reach financially underserved populations. With two billion people still without access to the formal financial system globally, it is essential that the industry comes together to maximise resources and information in order to reach those living in poverty and looking for a way out. AKAM’s membership will strengthen our abilities, both as a group and as ten individual institutions, to improve lives in some of the harshest environments.”
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Source: Microfinance CEO Working Group