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Newly posted job vacancy

Check out the current job opportunity available at the Bishkek Regional Office. Find the open position under the Section "Who we are".

2015 EMN European Microfinance Research Award - Call for papers

In anticipation of the 12th Annual European Microfinance Network (EMN) Conference to be held in Dublin on June 18th and 19th 2015, the EMN together with the Research Group "Financial Inclusion and New Entrepreneurship" of the Hague University of Applied Sciences are pleased to announce the re-launch of the European Microfinance Research Award. This year's award has a €1.000 endowment!
Papers eligible for selection should present ongoing or finalized research on issues related to microfinance in the European Union and EFTA countries exclusively. It is a great opportunity for research fellows in the European microfinance market to gain exposure to the network and the sector as a whole

  • Handing in of abstracts: Monday, January 19th, 2015
  • Acceptance notification: Monday, January 26th, 2015
  • Handing in of full papers: Monday, March 9th, 2015

For more information on the application process, deadline and contacts, click here.

European Funds for Financial Inclusion 2014-2020 – Workshop in Milan, 18 December 2014

As guest speaker MicroFinanza Rating will be participating in the workshop titled "European Funds for Financial Inclusion 2014-2020" organized by Fondazione Giordano dell'Amore (FGDA) and by the European Investment Fund (EIF), within the framework of measures taken by the European Union to facilitate access to credit: in particular the Programme for Employment and Social Innovation (EaSI) and the EIB Group Risk Enhancement Mandate for SMEs through smaller co-operative banks. The workshop aims at presenting the different funding lines and requirements of the calls for expressions of interest that are going to be published, by analyzing the potentialities of such lines in relation to the type of institution.

For more details about the event, download the flyer.

INSIGHT: The Microfinance Sector in Nigeria

Since the advent of microfinance banking in Nigeria, the microfinance sector has been confronted with several challenges and the impact of the global financial crisis on Microfinance Banks has been more severe than anticipated.
MicroFinanza Rating is pleased to share some of the features of the microfinance sector in Nigeria, highlighting the main challenges and threats that the Nigerian MFIs are currently encountering.

Download the Insight.

European Code of Good Conduct for Microcredit Provision and EaSI funding

MicroFinanza Rating is pleased to share an interesting workshop organized by the European Commission, which will take place in Brussels on 1 December 2014.
In the framework of the EU Programme for Employment and Social Innovation (EaSI), the workshop focuses on the European Code of Good Conduct for Microcredit Provision and has the objective to address its practical implementation in relation to:

  • the EaSI technical assistance for microcredit providers that will be made available under the new period 2014-2020; and
  • the adherence to the Code by public and private bodies willing to benefit from funding opportunities in the framework of the EaSI Programme, the successor programme of Progress Microfinance.

To have additional information and to register for the workshop, please visit the following website of the European Microfinance Network.

MicroFinanza Rating at the European Microfinance Week, 12-14 November, Luxembourg

As guest speaker Aldo Moauro, MFR Executive Director, will be holding two panels, respectively "Microfinance and poverty" on Thursday, Nov 13th, and "Social and financial performance: better together?" on Friday, Nov 14th, as part of the European Microfinance Week, carrying the theme of Developing Better Markets.
The first panel will focus on the poverty outreach results from social ratings conducted by MicroFinanza Rating since 2007, while the second panel will highlight the differences and similarities of MicroFinanza Rating research on financial and social performances compared to the results presented by Moody's.
To have more information, visit the website of the European Microfinance Platform, which is the organizer of the event.

VisionFund AzerCredit is SMART certified by MicroFinanza Rating

As Client Protection Certifier licensed by the SMART Campaign, MicroFinanza Rating is happy to announce that a new Certificate has been given to AzerCredit – Azerbaijan since the institution has demonstrated to accomplish with all the Certification standards derived from the seven client protection principles. The mission of VF AzerCredit is to provide financial services, which have a positive impact on the lives of the poor. As such, today VF AzerCredit operates 43 outlets throughout the country, which serve around 80,000 customers with loan products primarily. For more details on the Methodology used by MicroFinanza Rating, see the "SMART Certification" section of our website.

5 Case studies of MFI compliance with the Universal Standards developed by MFR

In partnership with the Microfinance Centre (MFC), MicroFinanza Rating developed 5 new case studies for the SP Fund series within the framework of the Social Performance Fund for Networks project funded by the Ford Foundation.
Learn how the selected microfinance institutions achieved high level of compliance in 5 Standards of the USSPM.

Read more about their achievements:

First 2 Credit Ratings released in Bolivia by MFR as licensed rating agency

MicroFinanza Rating has successfully released and published the credit rating of Sembrar Sartawi (BBB3) and Banco PyME de la Comunidad (A3). It is a milestone for MicroFinanza Rating that received the license from the Supervisory Authority of the Financial System (ASFI) in January 2014.

RIM launches website for microfinance industry

The Risk management Initiative in Microfinance (RIM) today launched an official website for the microfinance industry. The website,, will provide a dedicated virtual hub for the dissemination of risk management standards, information sharing, and industry cooperation.

RIM Director, Kevin Fryatt, said the website is an important step in bringing together like-minded organizations to share information about risk management. "As an industry initiative, RIM's main focus is on the development of microfinance risk management standards, information sharing, and industry cooperation," said Mr. Fryatt. "The website will provide a virtual platform where microfinance industry experience and knowledge in risk management can come together in a single location," added Mr. Fryatt.

From its inception, the RIM website will provide information about the initiative and its current activities as well as providing avenues for industry actors with a vested interest in risk management to get involved. RIM's web offering includes the development of its best practice Risk Management Graduation Model, a pathways-based, scalable risk management framework for microfinance institutions at different levels of development.

The Risk Management Graduation Model brings together decades of microfinance risk management experience into a risk management framework which can be adopted by microfinance institutions in an effort to standardize and develop their risk management capabilities. RIM's Risk Management Graduation Model and its associated diagnostic tool will be made available to microfinance institutions globally as a free download.

For more information about RIM or the Risk Management Graduation Model, visit:

MicroFinanza Rating at the VIII Microfinance National Conference in Tajikistan

Dushanbe, September 26th

As guest speaker MicroFinanza Rating will be holding a panel titled "Experience and results of SMART certification, international practice" as part of the VIII Microfinance National Conference in Tajikistan organized by the Association of Microfinance Organizations of Tajikistan (AMFOT), the German International Cooperation (GIZ) and Bank Eskhata. In order to ensure an efficient, sustainable and transparent functioning of the financial market in Tajikistan, the conference aims at analyzing different aspects of the relationship between professional standards and business ethics of financial institutions, competition and accessibility to financial services, oversight and supervision of financial market regulators, and consumers' rights protection. Read the agenda of the event.

Sanabel 2014 Conference

MicroFinanza Rating will be participating in the Sanabel Conference, which is held in Dubai, United Arab Emirates, from September 29 to 30, 2014. The conference aims to provide an overview on the state of the industry in Arab countries, highlighting current developments and discussing present and future potential opportunities for growth. The theme of the conference will be "Microfinance at Crossroads; Current Developments and Future Prospects in the Arab States." It will address alternative approaches to serve the financially underserved by sharing experiences and innovations in technology platforms, progress towards improved regulatory structures, and options for transformation. For more information, please visit the website

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