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Fredericks Foundation awarded the European Code of Good Conduct for Microcredit Provision

Amzeal News/10304219
Fredericks Foundation, a UK focused microfinance charity, has been awarded the European Code of Good Conduct for Microcredit Provision (ECoGC) in recognition of its good practices.

LONDON - Feb. 8, 2019 - Amzeal -- The European Code of Good Conduct for Microcredit provision provides a set of standards in terms of management, governance, risk management, reporting, and consumer and investor relations that are common. These standards are for the benefit of customers, investors, funders, owners, regulators and partner organisations.

Fredericks provides small business loans to people excluded from mainstream credit in order to create choice not charity, and to give individuals the opportunity to transform their lives, and to build a society based on dignity not on hand outs.

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Following an extensive audit and review process where every aspect of the organisation was tested, Fredericks passed this stringent assessment process and received the award on 4 February 2019.

Duncan Parker, CEO of Fredericks, said 'We are thrilled to have received this affirmation from the European Microfinance organisation. We strive to provide a great service for our beneficiaries and donors and this will give them much confidence in us as the relationship is one built on trust and integrity. I'm delighted for my team at Fredericks as it's a huge "well done" recognising both their professionalism and especially their passion, commitment and hard work.'

Fredericks Foundation

Source: Fredericks Foundation
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