Ujjivan wins Srijan MFI Transparency Award 2010

Transparency in intent and operations continues to be one of the major concerns in the microfinance sector. The Srijan 2010 MFI Transparency Award, instituted by Intellecap and supported by an eminent jury of experts, recognizes initiatives and practices within MFIs that enable them to be transparent and eventually fairer to their clients.

Ujjivan won the Srijan MFI Transparency Award 2010 in the Established MFI category from among a host of other large MFIs from around the country. This event was part of the recently-held Srijan Financial Inclusion Forum in Mumbai.

Accepting the award, Jolly Zachariah, Ujjivan’s Chief Operating Officer (West), thanked Intellecap and the Sirjan Awards jury for this important recognition of the organization’s key value. Speaking to over 200 delegates at the award ceremony he said, “We are grateful to our 800,000 plus customers across 19 states and Union Territories who provide Ujjivan the opportunity to serve them every day”.

The award jury comprising eminent industry experts from banking and investment, evaluated MFIs on the following criteria

      Transparency in pricing and product design
      Financial literacy initiatives promoting transparency
         with  clients
      Effectiveness of communication & reporting mechanisms
      Organizational systems and innovative practices
         that promote transparency