About MFX
Our Mission and Vision
Mission
Create a socially-oriented company that supports lending to entrepreneurs in low-income countries with affordable hedging products and risk management education.
Vision
MFX believes that when currency and market risks are managed effectively, development lending can reach more entrepreneurs at the bottom of the pyramid, more sustainably, at a lower cost. Better access to foreign exchange hedging tools and financial education can therefore have a profound effect on global poverty.
Our Story
Starting in 2005, a group of microfinance organizations – lenders, investors, raters, networks, and foundations – came together to seek an answer to the growing problem of currency risk in the microfinance industry. Led by ACCION International, Calvert Foundation, MicroRate, Global Partnerships and Calmeadow Foundation, along with many of the most prominent organizations in microfinance, this group initiated and funded an industry project to examine all aspects of the problem and develop a comprehensive solution.
In January 2008, the Group created MFX Solutions (MFX), an organization dedicated to providing microfinance lenders with affordable and accessible hedging instruments and the know-how to better manage currency risk. The founders’ vision was to create a full-service industry initiative, serving both MFIs and MIVs with education and hedging products.
To read more about FX risk and the microfinance industry please visit our Education Center.