The Financial Inclusion Equity Council provides a platform for peer-to-peer exchange so members can gain new insights, and network with other members. Through FIEC, members can share lessons learned
with other members, and can provide relevant benchmarks to the industry. FIEC stimulates discussion and debate the topics of interest to active investors in financial inclusion.
The Council membership is comprised of active investors in MFIs. Qualifications for membership include the following:
- Primarily private ownership structure
- Focus on at least a double bottom line
- Focus on financial inclusion
- At least two existing equity investments in financial inclusion*
- Active in governance
- Ability to pay annual fees of $5,000 in a timely manner
- Willingness to actively participate in FIEC meetings and initiatives
*The Council welcomes funds with different investment policies, regardless of whether they choose to pursue minority or majority stakes.
- Exchange and Collaboration: The FIEC is a unique forum, in that is the only venue in which direct investors in microfinance can meet, exchange ideas and experiences, and hold frank discussions about their challenges and strategies in a collegial environment. Meetings are purposely kept small in order to facilitate conversation, so that members can speak openly and honestly about their concerns and learn from each others’ experiences.
- Forward-looking Industry Research: The Council is seen as a “go-to” resource for information on industry challenges, trends and opportunities. Members have an opportunity to both voice their concerns and ideas through industry publications and to benefit from the release of such publications. The FIEC carefully selects its research initiatives based on membership directives and its perception of a project’s ability to move the industry forward.
- Member-only Initiatives: The Council undertakes a number of initiatives that ultimately provide information and benefits only to FIEC members. These initiatives encompass a variety of research topics – from valuation to governance to compensation practices.
- Meetings: The FIEC organizes a Council-wide meeting every 6–9 months, typically for 1.5 days of discussion, case studies and networking. Other meetings, including conference calls and smaller working group roundtables, are held on an ad hoc basis.
- Promotion of Investors’ Perspective: FIEC works to raise awareness about microfinance investment, by representing the investors’ perspective, dedication to a double bottom line, and industry best practices and standards. On this front, it works not only within the microfinance industry but also within the broader emerging markets, investment, and socially responsible communities.
If you are interested in joining the FIEC, please review our membership requirements, and if your organization meets our criteria, you can apply here.