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Policy advocacy

Policy advocacy
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The policies and regulations of microfinance incorporate a number of elements. These include government policies, donor agency policies, the regulatory environment that applies to MFIs and the legal provisions for microfinance activities. The pessimists focus narrowly on micro credit rather than considering the wider scope of microfinance, credit, deposit, money transfer, insurance, market information and network services. Government regulation on MFIs should only complement their self-regulation. The industry considers that self- regulation is ever more important for spontaneous development of MFIs along healthy lines. Therefore, CMF wishes to lead policy advocacy to inform, shape and sustain MF response by reviewing MF sector policy, enabling self-regulation framework for MFIs development and linkages of self-help groups, protection of clients, holding consultations with stakeholders, disseminating best practices to influence policy and mobilizing press and media on policy barriers to MF sector.