Commitment to Action

Maximizing Financial Access and Innovation at Scale (MAXIS)

Commitment by

Mercy Corps

In 2008, Mercy Corps, along with its partners, committed to establish the Maximizing Financial Access and Innovations at Scale (MAXIS) initiative, which aims to bring microfinance services to 12 million Indonesians and five million Filipinos. Mercy Corps' MAXIS initiative will build the capacity of existing microfinance institutions (MFIs), or establish new MFIs, and provide them with increased access to finance, product innovations, ratings, and ability to participate in shared data solutions via a centralized IT platform and adequate technical support.
Since announcing its commitment, Mercy Corps is meeting its objectives through several actions. Mercy Corps has increased the capacity of Indonesia's Microfinance Innovations Center for Resources and Alternatives (MICRA) to provide technical assistance, research, and/or ratings services to 851 new poverty-focused MFIs. In the Philippines, Mercy Corps successful replicated the MICRA model and now supports 359 MFIs with capacity-building services

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Overview
Summary

Commitment

Maximizing Financial Access and Innovation at Scale (MAXIS)

Launched

2008

Est. Duration

3 Years

Estimated Total Value

$30,000,000

Region

Asia

Countries

INDONESIA, PHILIPPINES

Commitment by

Mercy Corps

Partner(s) of the Commitment Maker(s)

Bank Andara, Microfinance Innovation Center Resources and Alternatives, Microfinance Management Institute, Globe Telecom, MicroSave, Perbarindo, Social Weather Stations, Bankable Frontier Associates, Grameen Foundation, Bank of the Philippine Islands (BPI), Accenture LLP, Microenterprise Access to Banking Services program, Triodos Bank, Rabobank Foundation, International Finance Corporation