Responsible Microfinance Facility

The Smart Campaign is delighted to announce the launch of the Responsible Microfinance Facility (RMF), a three-year initiative funded by the Agence Française de Développement (AFD). SPTF is managing the RMF, in collaboration with Smart Campaign. Our goal is that the RMF will strengthen capacity and  client protection practices of financial institutions in Africa and the Middle East.

The RMF is a great opportunity for trainings and co-financing to financial institutions for their client protection activities.

If you are interested in participating in RMF activities, you must submit an application to the RMF. The application forms can be found on the SPTF website. All application forms are available in French and English. There is no deadline to submit applications. The RMF accepts all applications on a rolling basis. The RMF steering committee meets quarterly to review applications and make decisions. The next steering committee meeting will take place at the end of March, 2015.

Trainings offered by the RMF:

  • Three-day introductory training on responsible inclusive finance (day 1: what is SPM and why is it important; day 2: the Universal Standards for SPM; day 3. assessing your institution’s SPM practices using the SPI4 and planning for improvement)
  • Training Smart Assessors
  • Training SPI4 auditors
  • Training technical assistance (TA) providers on client protection
  • Training TA providers on all other elements of SPM.

The RMF will not charge a registration fee for the trainings. However, each person must cover his/her own travel costs to attend the training. The countries where the trainings will take place, as well as the dates and times of the training, are not yet determined. RMF will plan trainings based on demand, so we encourage you to apply.

Activities that the RMF will co-finance:

  • accompanied SPI4 social audit, plus additional support
  • client protection assessment
  • an upgrade project chosen by the financial institution
  • please note: an institution must already have done some type of assessment of its practices before it will be eligible for an upgrade project
  • specialized training for the financial institution on an aspect of SPM of its choosing
  • Smart certification and/or social rating

For all co-financed activities, the RMF will pay for 50% of the total cost of the activity, up to a certain maximum amount. Your institution is responsible for the other 50% of the project cost, which it may pay using funds and/or in-kind contribution. The RMF will not disburse the co-financing grant to an institution on the date when the application is approved. Instead, it will wait until the institution begins paying for, or using in-kind contribution to implement, its 50% share of the cost. This is to avoid problems that might occur if the RMF contributes 50% but the financial institution is ultimately not able to contribute its 50% share of the cost. Additionally, RMF will pay third-party vendors directly. This means that a portion, or all, of the co-financing may be paid directly to a third party instead of deposited in the account of the institution.

Other RMF projects:

  • The RMF will support two research projects: an analysis of integrating client protection into digital financial services, and an update of the Microfinance Index of Market Outreach and Saturation (MIMOSA).
  • RMF will develop a select number of new SPM resources.

Target Countries: The Agence Française de Développement has identified eight target countries where the RMF will focus its work:

  • Benin
  • Burkina Faso
  • Ghana
  • Madagascar
  • Mali
  • Niger
  • Senegal
  • Togo

A minimum of 50% of the total project budget must be allocated to activities taking place in priority AFD countries. Additionally, the RMF may also work in Cameroon, Ethiopia, Jordan, Kenya, Morocco, and Uganda. RMF will consider working in other countries on a case-by-case basis.

TA providers: For all co-financed activities, the application form will ask which TA provider(s) your institution proposes to use for the project.

We absolutely encourage you to apply to the RMF to participate in trainings and/or for co-financing.

For any additional questions or comments, please contact the RMF at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

pdfDownload RMF frequently asked questions (FAQs) »

pdfDownload RMF frequently asked questions (FAQs) – French » 

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