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2006 entries closed on 30 September.
The 2006 application form is available here for reference purposes only.
Before applying, ensure that you meet the minimum eligibility criteria.
What are the Eligibility Requirements?
MFIs can nominate themselves or be nominated by any other organization working closely with an MFI such as a network partner, investor or regulator. The competition is open to formal regulated and non-regulated financial institutions and non-governmental organizations that offer retail microfinance services anywhere in the world and meet at least two of these three criteria:
- 3000 active clients or more;
- A microfinance loan portfolio exceeding USD 300,000;
- 2 or more years of microfinance operating history.
Applicants are required to:
- Complete an online application form by September 30, 2006.
- Have annual financial statements audited by an independent external auditor.
- Maintain a MIX Market profile that includes the latest audited annual financial statements (or four MIX diamonds).
Audited financial statements include:
- Directors' Report
- Signed audit opinion of external auditors
- Balance sheet
- Income statement
- Cash flow statement
- Statement of changes in equity
- Notes to the financial statements
This level of reporting at the MIX Market entails maintaining a profile with general institutional information, outreach and impact data, financial data for at least two consecutive years, and audited financial statements. The audited financial statements on the MIX must be a scanned copy of the documents signed by the external auditor. Applicants must have a MIX profile prior to beginning the FTA application process.
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