Sungi Development Foundation as a Microfinance Provider has been awarded with Silver Award 2009  on Social Performance Reporting to the “Social Performance Task Force (SPTF)”. This internationally recognized award comes from CGAP,  Michael & Susan  Dell Foundation and Ford Foundation, powered by MIX.  

This globally acknowledged Award measures transparency in social performance reporting. The award recognizes microfinance providers who provide reports on a set of social performance indicators. These indicators were developed over three years through a consensus process involving industry leaders and lead by SPTF. 

The Award features three levels of recognition: 

• MFI Silver Certificate Award for MFIs that comply with minimum SPTF core disclosure requirements (Part I of indicators’ form)   
• MFI Gold Certificate Award for MFIs that comply with SPTF core disclosures requirements (Part I, II and Poverty Measurement data) and a third-party validation report of poverty outreach data.   
• Network award for networks that have at least 50% of their affiliates eligible to receive a Silver or Gold Award.  

Several hundred institutions worldwide have contested for this award from across the world. However,  in 2009, Latin America and the Caribbean have been the most active regions for MFI reporting on social performance.

From the South Asia region, 21 Microfinance Providing institutions have been bestowed with this award.

http://www.themix.org/publications/2009-social-performance-reporting-award-recipients

http://www.themix.org/pressroom