Basic Organization Information
Microfinance Opportunities, Inc.
- Also Known As:
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MFO
- Physical Address:
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Washington, DC
20006
- EIN:
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30-0075787
- Web URL:
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www.microfinanceoppo...
- NTEE Category:
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Q International, Foreign Affairs, and National Security
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Q32 International Economic Development
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P Human Services
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P51 Financial Counseling, Money Management
-
None
- Year Founded:
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2002
- Ruling Year:
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2002
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Mission Statement
Microfinance Opportunities is unique in that it focuses on the demand side of microfinance. It occupies a niche role in providing services that directly benefit the end user, the low income consumer of financial services, working to increase poor people's access to and understanding of well-designed and delivered financial services. Access to these services can improve the capacity of households, women and microentrepreneurs to increase their incomes, build assets and reduce their vulnerability.
As the microfinance industry becomes more competitive, the consumer faces an increasing number of options. A greater understanding of the financial services available enables clients to better manage their financial options and economic shocks; to this end, Microfinance Opportunities' work on financial education addresses the information asymmetries faced by clients.
Impact assessment provides insights about how clients interact with and benefit from the provision of financial services. Market research focuses on understanding clients in order to know their needs, identifying gaps in the market and assessing competition.
Overall, Microfinance Opportunities provides support services that complement the product offerings of microfinance institutions and networks, enriching the experience for the end user, linking product use and product demand with product development.
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Impact Statement
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Revenue and Expenses
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Financial Statements
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Chief Executive
Dr. Monique Cohen
Chief Executive Profile:
Monique Cohen, Ph.D., Founder-President of Microfinance Opportunities, is a leading proponent of the market-led agenda for microfinance. A recognized expert on financial services for the poor and client assessment in microfinance, Dr. Cohen designed and led the AIMS (Assessing the Impact of Microfinance Services) project at USAID, where she served as Senior Technical Advisor in the Office of Microenterprise Development. Dr. Cohen has published extensively on microfinance and teaches at the University of Southern New Hampshire's Microenterprise Development Institute and the Microfinance Training Program, in Boulder, Colorado.
Officers for Fiscal Year
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Highest Paid Employees & Their Compensation
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