In this chapter, we discuss transparency challenges in the global microfinance industry. The issue of transparency not only is on the agenda of listed companies and regulated banks in mature markets but is also hotly debated in regard to firms operating in emerging markets and development...

Social enterprises in the microfinance industry need to adhere to both financial and social demands. Critics argue that there is a mission drift away from the social mission, and this has motivated the introduction of social rating agencies to strengthen the business ethics of microfinance...