Corporate Social Responsibility
MCS believes it has a responsibility to its stakeholders, partners, employees, customers, shareholders, suppliers and others. It matters then how its entire partner network feels about MCS as a great place to work and that customers see they are treated with respect and dignity.
Creating a more sustainable approach to high-quality software and services is an important issue too. MCS also believes that a company has a social goal, by contributing positively to local communities and organizations.
Village Reconstruction Organisation
An example of this social involvement is our move in May 2007 to a new building in Wilrijk (Antwerp). MCS took this opportunity to put its Corporate Social Responsibility in the spotlight. If you wanted to do so, you could make a donation to a good cause. MCS selected the VRO organisation headed by the 86 year old father Michael Windey from Belgium. VRO stands for Village Reconstruction Organisation and is a movement, established in 1969 by the father, for fighting poverty in India.
Confronted with the hopeless situation of the poor population, father Windey decided to work out a unique concept. With the aid of numerous volunteers and the local population entire villages were constructed. This gave the chance to the villagers to develop themselves and to escape from poverty. Supported by several European countries, the VRO movement already built 25.000 houses.
Thanks to your generous gifts and a contribution by MCS, a cheque of 5.000,- EUR could be handed over to VRO. Some time ago father Windey stayed a while in Belgium. He seized the opportunity to thank personally the people from MCS. He also gave a full account about his movement and its results. VRO and MCS wish to thank the contributors for their gifts.
MCS plans on contributing even more in the future and expanding a continuous collaboration between profit and non-profit organizations.
MCS finances via Incofin entrepreneurs in developing countries
“Adding value for all stakeholders.” That is our mission. However, this social role exceeds our immediate surroundings. As you could read in a previous newsletter MCS helps fighting poverty in India with the VRO project founded by Father Windey. In 2008 MCS pledged itself to a new initiative. Via Incofin MCS supports small entrepreneurs and farmers in developing countries through ‘microfinancing’.
This way of investing doesn’t concern large amounts of money, but deals with a totally different kind of return. MCS believes in the Incofin project where microfinance institutions invest in the dynamics and opportunities of developing countries such as Ghana, Nigeria, Kenya, Kazachstan, Argentina, ...
What is microfinancing?
Microfinance institutions (MFI) are also known as ‘banks for the poor’. They grant micro credits (loans) to entrepreneuring people left out in the cold by the usual channels. With a local network and presence on markets and in village centers they are familiar with the needs and necessities of the small entrepreneur offering proper financial products. It allows the entrepreneur to start or expand an own business, to buy materials, to fix machinery … Women represent 80% of the microfinance customers.
How does it work?
Socially-motivated investors, individuals or organizations choose among different investment funds, hence become shareholder. Incofin then manages these funds and invests in microfinance institutions in developing countries by granting loans and acquiring participations. These microfinance institutions grant small credits varying from € 80 to € 2.000 to local entrepreneurs.
Incofin links the demand for capital to the supply of investors. By channeling capital to microfinance institutions, Incofin allows poor people in developing countries to have access to appropriate financial services. In return the investor gets a limited financial as well as social return.
“Adding value for all stakeholders.” That is our mission. However, this social role exceeds our immediate surroundings. As you could read in a previous newsletter MCS helps fighting poverty in India with the VRO project founded by Father Windey. In 2008 MCS pledged itself to a new initiative. Via Incofin MCS supports small entrepreneurs and farmers in developing countries through ‘microfinancing’.
This way of investing doesn’t concern large amounts of money, but deals with a totally different kind of return. MCS believes in the Incofin project where microfinance institutions invest in the dynamics and opportunities of developing countries such as Ghana, Nigeria, Kenya, Kazachstan, Argentina, ...
What is microfinancing?
Microfinance institutions (MFI) are also known as ‘banks for the poor’. They grant micro credits (loans) to entrepreneuring people left out in the cold by the usual channels. With a local network and presence on markets and in village centers they are familiar with the needs and necessities of the small entrepreneur offering proper financial products. It allows the entrepreneur to start or expand an own business, to buy materials, to fix machinery … Women represent 80% of the microfinance customers.
How does it work?
Socially-motivated investors, individuals or organizations choose among different investment funds, hence become shareholder. Incofin then manages these funds and invests in microfinance institutions in developing countries by granting loans and acquiring participations. These microfinance institutions grant small credits varying from € 80 to € 2.000 to local entrepreneurs.
Incofin links the demand for capital to the supply of investors. By channeling capital to microfinance institutions, Incofin allows poor people in developing countries to have access to appropriate financial services. In return the investor gets a limited financial as well as social return.
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