46 non-bank financial companies (NBFC-MFIs) in India have come together to form the Microfinance Institutions Network (MFIN), with the goal of  protecting clients and regulating credit practices to provide inclusive financial services to 100 million low income household by Year 2020.

As a collective effort, MFIN members follow a unique Code of Conduct, which requires member-MFIs to adopt certain processes that underscore fair practices, good governance and responsible lending. Limitations underlined in the Code of Conduct include a cap on the maximum loan to be given to an individual at Rs 50,000. It also warrants member MFIs to share loan details and borrowers data with credit bureaus to arrest multiple lending and poaching by members.