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Get to know School of Microfinance Excellence - SOMFE.ORG

School of Microfinance Excellence (SOMFE) is an educational and training organization established to address the capacity gap within the global microfinance industry. Its mission is to enhance the skills, knowledge, and operational effectiveness of microfinance professionals and institutions through specialized training programs, workshops, and learning events. SOMFE focuses on promoting best practices, fostering innovation, and contributing to the sustainable growth and excellence of Microfinance Institutions (MFIs), particularly in developing regions.

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School of Microfinance Excellence - SOMFE.ORG

United States

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.