Institute of Microfinance (InM) organised a Keynote Lecture on "Measuring Financial and Social Performance for Microfinance Investment Vehicles (MIVs)" on 27 February 2013 in the Conference Room of InM Lalmatia Office. Professor Marc Labie, Department of Management, Warocqué School of Business and Economics, University of Mons (UMONS), Belgium, was the Keynote Presenter. He presented a paper entitled “Microfinance Investment Vehicles and Social Performance: Moving Forward with the MACBETH Approach”.
Professor M. A. Baqui Khalily, Executive Director, InM, welcomed the participants to the event and addressed the objectives of organising the lecture.
The Keynote Lecture was aimed at suggesting a brand new way of reviewing MIVs’ commitment to double bottom line returns. It suggests using the MACBETH (Measuring Attractiveness by a Categorical Based Evaluation TecHnique) approach as an investment screening method which, combined to existing social performance tools such as the SPI (Social Performance Indicators), can ensure that investment decisions are taken in accordance with socially responsible investors’ values.
As a consequence, this approach could contribute to the emergence of the transparency MIVs need in ensuring the whole sector that their commitment to double bottom line returns is real. At the open floor discussion (question-answer session), various queries came up from the participants and the discussants answered to them highlighting the social performance of microfinance in development. The event became lively by the active participation of microfinance stakeholders, practitioners, academicians, researchers, and other eminent personnel from reputed institutions and organisations.
