Promotion Social Performance & Social Audit in Micro-finance Industry of Azerbaijan: Toward a "Double Bottom Line"
The project shall assist AMFA to promote importance of “double bottom line” measurement among its membership, comprising of non bank credit organization, credit unions and downscaling commercial banks. Since the social bottom line is not currently measured on a consistent standard basis within the Azerbaijan MF industry the project envision organizing of awareness raising workshops from top to bottom among diverse membership base aiming to educate how to review and analyse the process of translating their mission into practice, including social objectives, tracking social performance and using this information to improve practice resulting in financial performance.
Rating agencies, the MIX, practitioners, associations and donors are all currently involved in improving social performance and social performance reporting. In this respect as the network AMFA is prepared taking the lead in coaching MFIs, Credit Unions and Banks in assessing & organizations in further developing social performance measurement tools in a manner consistent with the industry at large and applicable to practitioners.
