Ivo Knoepfel joins Steering Committee of the Principles for Investors in Inclusive Finance
The past ten years have witnessed a significant growth in microfinance and other financial services targeting the needs of the world's poor. A group of leading investors has publicly endorsed the Principles for Investors in Inclusive Finance (PIIF) committing to fair treatment and protection of the interests of the ultimate clients - low-income households and small and medium-enterprises. This is particularly important given that poorer clients are often disadvantaged by asymmetries in financial knowledge, power, and influence. The Principles were developed in collaboration with Her Royal Highness Princess Máxima, the UN Secretary-General's Special Advocate for Inclusive Finance for Development, with the UN-backed Principles for Responsible Investment and in consultation with Consultative Group to Assist the Poor (CGAP) and several key industry players. Ivo Knoepfel, onValues' Managing Director, was invited to become a member of the Steering Committee that will supervise the implementation of the Principles.
View the PIIF here:
«Principles for Investors in Inclusive Finance»