Within the framework of the EaSI programme- Phase 2, the European Investment Bank (EIB) has selected the first 9 Institutions that will receive – free of charge - a Microfinance Institutional Rating (MIR) or an institutional assessment. The Microcredit Providers identified are from: Romania (5), Albania (2), Greece, Bulgaria. The first on-site visits will start in October 2016.
MicroFinanza Rating will provide the rating and assessment services under the EaSI Technical Assistance programme.
On the 30th and 31st of August MicroFinanza Rating will be participating as panelist during the 10th annual AITEC Banking & Mobile Money Conference.
The AITEC Banking & Mobile Money Conference will be a benchmark industry gathering to define the future of the region’s financial services sector.
The conference will challenge participants to get back to the basics required for a healthy banking, microfinance and insurance industry. Fintech will be a major focus of the event, but always in the context of broader business strategies for growth, profitability, stability and sustainability.
For more information, visit the AITEC webpage.
On the 10th and 11th of August, MicroFinanza Rating completed the training workshop marking the final phase of the microfinance sector assessment in Swaziland. The project: MFI Strengthening and Design of Operations Manual for Monitoring and Coordination of the Microfinance Sector in Swaziland entailed an initial assessment of the State of the Microfinance Sector followed by the development of the Monitoring Manual, System and Tools for the Micro Finance Unit (MFU).
The Micro Finance Unit (MFU) is a semi-autonomous wing of the Ministry of Finance implementing the Rural Finance and Enterprise Development Programme (RFEDP) which is supported by the Government of Swaziland and the International Fund for Agricultural Development (IFAD).
The State of the Microfinance Sector Report provides an institutional assessment of the key players, a SWOT analysis of the microfinance sector and recommendations to strengthen the microfinance sector. The Monitoring Manual outlines the strategy, an evaluation of existing monitoring practices and design of a monitoring system and tools for the microfinance sector.
In June 2016, the Food and Agriculture Organization of the United Nations (FAO) reached agreement with MicroFinanza Rating on a cooperation to conduct Microfinance Institutional Ratings of Zimbabwe Microfinance Fund (ZMF) and Microfinance Institutions in Zimbabwe that are participating in the Rural Finance sub component of LFSP (Zimbabwe Livelihoods and Food Security Program) APN (Agricultural Productivity and Nutrition).
As requested by FAO, MicroFinanza Rating will be providing: the Rating of Zimbabwe Microfinance Fund and the Rating of 6 Microfinance Institutions.
On the 30th of June 2016 MicroFinanza Rating conducted a rating sensitization workshop to the benefit of the top management of ZMF and the MFIs. From the 25th to the 29th of July MicroFinanza Rating is performing the first Microfinance Institutional Rating.
MicroFinanza Rating is also conducting a separate training for non-FAO supported MFIs who are members of the Zimbabwe Association of Microfinance Institution (ZAMFI).
This project is an important milestone for the Zimbabwe microfinance industry’s continued development. The whole project will be carried out between July and December 2016.
MicroFinanza Rating is pleased to announce today the kick-off meeting of the project “New programs feasibility study on traditional financial service providers” as part of The Boulder Institute’s project to develop new programs responding to emerging issues in the field of financial inclusion.
The project aims at identifying the issues that traditional microfinance leaders consider pertinent and relevant for the survival and success of the sector. A questionnaire for interviews will be used to identify the challenges faced by the microfinance community that could be addressed by capacity building initiatives, the knowledge about the capacity building offer available on the market and the satisfaction with the current offer available, including the Boulder institute and the desired training.
The interviews will be conducted to a sample of actors that includes representatives of traditional financial services providers, capacity building providers and industry leaders. The sample size and composition will be determined in order to ensure a good representativeness of the industry players.
MicroFinanza Rating is happy to announce the updated certification standards for Client Protection.
The revised standards streamline and enhance the previous version, to reflect the evolving financial inclusion of the industry. To be certified, a financial institution (FI) needs to comply with all the indicators corresponding to the 25 adequate standards of care for client protection, described in the document downloadable at the following link. The standards operationalize where the financial inclusion industry sets the bar in terms of the minimum level of behavior clients should expect from their financial service providers.
Why get certified? Read more here!
As part of the 22st Boulder Microfinance Training Programme (July 18 - August 5, 2016 in Turin, Italy) Aldo Moauro MFR Director, and Evrim Kirimkan, MFR Latin America Regional Manager, will be holding the following courses in the English Programme:
Both courses will combine presentations, participatory discussions and exercises. Best practices and practical cases will be discussed to improve the comprehension of each topic.
For additional information, click here.
During the upcoming quarter, MFR’s team will be visiting the following countries: Cambodia, Zimbabwe, Ecuador, among others.
Moreover, we will be participating to the following events:
MicroFinanza Rating, Client Protection Certifier licensed by the SMART Campaign, is glad to announce that first in Paraguay
Fundación Paraguaya has to meet all the standards needed to treat their clients with adequate care.
Fundación Paraguaya has long been a leader and innovator in microfinance and in the broader fight against poverty, contributing to areas like poverty assessment, financial inclusion for persons with disabilities, and youth empowerment.
Along with its strong client protection practices, Fundación Paraguaya offers a range of financial education services, including services to children and youth via uniquely structured, financially sustainable programs.
For more information on Fundación Paraguaya, read the article “Client Protection Firsts in Paraguay and the Dominican Republic” by the Smart Campaign.
MicroFinanza Rating's Executive Director Aldo Moauro participated in the panel discussion on the Progress Review of the European Code of Good Conduct as guest speaker.
MicroFinanza Rating is the leader of the consortium in charge of the official evaluation of Compliance with the European Code of Good Conduct. The consortium led by MicroFinanza Rating was selected by the European Investment Bank (EIB) and EC DG Employment, Social Affairs and Inclusion.
According to the new Employment and Social Innovation (EaSI) regulation, implementing the EU Code of Conduct has become a pre-condition for accessing EU funds under the EaSI Program: this workshop represented the chance to know more about the implementation and evaluation process of the initiative.
The aim of the European Microfinance Network (EMN) Conference, titled "Shaping European Microfinance: Who, What and for Whom?", was taking stock of what the sector understands by microfinance: what products and services does it include and whom are they addressed to? This definition would make it easier to distinguish between mainstream financial products and specific services addressed to the underserved. The conference took place in Warsaw, from the 16th to the 17th of June.
For more information, please visit the EMN webpage.
Today at the SPTF Conference 2016 in Marrakech Mr Aldo Moauro, Executive Director of MicroFinanza Rating, and Mrs Isabelle Barres, Director of the Smart Campaign have officially announce and award the Client Protection Certification to Tamwil al Fellah.
MicroFinanza Rating is very pleased to support the enforcement of responsible practices towards clients in Morocco and wish more will join the initiative for a wider implementation of best practices in the sector.
MFR will participate in the annual SPTF 2016 Annual Meeting in Marrakech, Morocco, and will be represented by Aldo Moauro, Executive Director, Lucia Spaggiari, Business Development Director, Chiara Pescatori, Social Rating Director and Joris Crisà, Regional Manager MENA.
On Sunday 29th: Updates on the global APR database proposal and the Social outcome management guidelines for Investors will be shared by Lucia Spaggiari, Business Development Director, at the SPTF Social Investors working group.
On Monday 30th: Frances Sinha (ED Rural Systems) and Lucia Spaggiari (MicroFinanza Rating) will moderate a day-long workshop open to all participants during which the key takeaways of the Social outcome management guidelines for Financial Service providers and Investors will be presented and the participants will be encouraged to share their challenges and discuss solutions to bridge gaps. On Monday 30th: Aldo Moauro (MicroFinanza Rating Executive Director) will participate in a day long meeting to share how regulators can make use of social performance management, client protection tools and international best practices in local regulation and supervision.On Tuesday 2nd: Lucia Spaggiari (MicroFinanza Rating) will assist in moderating the client outcomes plenary session and one of the breakout group sessions with the participation of Anthos Asset management and BBVAMF.
For further information, please visit the SPTF 2016 Annual Meeting website.