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MFR certifies Banco Popular in Client Protection and announces 30 CPC achieved worldwide

MicroFinanza Rating is proud to announce that Banco Popular – Honduras - is certified in Client Protection. Banco Popular has demonstrated compliance with all the Certification standards derived from the seven client protection principles.

With Banco Popular MicroFinanza Rating achieves 30 certifications conducted worldwide since 2013 and further confirms its positioning as market leader in the sector. MicroFinanza Rating has been operating in 50 countries and is recognized as a key player by microfinance sector leaders in conducting various evaluation services that actively contribute to enhance client driven financial inclusion.

The close client relationships with many of the markets’ top Financial Institutions establishes MicroFinanza Rating as a reputable certifier that aims at strengthening FIs' capacity to serve clients worldwide in a responsible manner and this confirms our commitment to create value for the whole industry.

FUBODE successfully achieves Certification in Client Protection

MicroFinanza Rating announces today that FUBODE – Fundacion Boliviana para el Desarollo – is certified in Client Protection. FUBODE has demonstrated compliance with all the Certification standards derived from the seven principles of client protection.

FUBODE has always worked to enhance its social performance for benefitting the most vulnerable population in Bolivia. As an example of FUBODE commitment, the financial institution obtained in 2015 A- grade for MicroFinanza Rating Social Rating.

Sixty-five global institutions, including FUBODE in Bolivia, have been certified since the campaign’s launch, with a global outreach of over 34 million clients.

For further information on FUBODE, please visit their website.

Opportunity International Colombia recognized for its client protection good practice

MicroFinanza Rating, Client Protection Certifier licensed by the SMART Campaign, is glad to announce that Opportunity International (OI) Colombia has been certified in Client Protection.

OI Colombia has met all the standards needed to treat their clients with adequate care and has been added to our list of certified organizations. OI Colombia is the third Opportunity International affiliate, together with ASKI Philippine and Opportunity Bank Serbia, to be awarded by the Smart Campaign and MicroFinanza Rating.

The mission of OI Colombia is empowering the disadvantaged and socially excluded in Colombia, providing access to financial services and training to achieve transformation of client’s lives, their families and communities.

The certification demonstrates MicroFinanza Rating's positioning as leading and reputable certifier that aims at strengthening FIs' capacity to serve clients worldwide in a responsible manner.

For more information on OI Colombia, please visit their website.

XVI Ecuadorian Microfinance Forum, 22 - 24 September, Ecuador

MicroFinanza Rating is participating in the XVI Forum Ecuadorian de Microfinance (Foro Ecuatoriano de Microfinazas) organized by the Rural Network (Red Financiera Rural) which will take place in Manta from the 22nd to the 24th of September. The focus of the conference will be: “Innovative strategies in changing environments” (Estrategias Innovadoras en entornos cambiantes). The goal is to provide attendees with arguments and tools which will contribute to the discovering of new techniques, which should improve the value of microfinance services in Ecuador, with a new client oriented approach. For further information, please visit the website.

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Upcoming missions and events – Quarter 4, 2016

During the upcoming quarter, MFR’s team will be visiting the following countries: Cambodia, Colombia, Nicaragua, Zimbabwe, Indonesia, Romania, Morocco, Haiti, Pakistan among others.

Moreover, we will be participating to the following events:


Follow us on Twitter and LinkedIn for updates and important news from the microfinance sector.

MicroFinanza Rating at the FEPCMAC conference, Peru

MicroFinanza Rating's Senior Director Michela Broseghini, and Senior Analyst Enrique Blanco will be participating today as panelists to the FEPCMAC (Federacion Peruana de Cajas Municipales de Ahorro y Credito) conference.

FEPCMAC is a non-government entity of public law in Peru, responsible of coordinating the activities of all its members nationwide and representing the Municipal Savings and Credit Bank System nationally and internationally.

MicroFinanza Rating is very glad to be part of the event, during which the panel will discuss the great challenge of sustainable agricultural finance and the possibility to support the strengthening of the CMAS through the financing lines of the cooperating sources and / or different technical assistance programs in favor of CMAC.

BRAC Microfinance is certified in Client Protection

MicroFinanza Rating, Client Protection Certifier licensed by the Smart Campaign, is proud to announce that BRAC Microfinance is certified in Client Protection. BRAC is the first microfinance provider to make such achievement in Bangladesh.

BRAC, funded in 1972 as a small-scale relief and rehabilitation project, has been recently ranked in the latest NGO Advisor report as the largest nongovernment development organization in the world measured by the number of employees and the number of people it has helped.

BRAC mission is to empower people and communities in situations of poverty, illiteracy, disease and social injustice. BRAC grounds on strong values as innovation, integrity, inclusiveness and effectiveness.

To learn more about BRAC Microfinance program, please visit their website.

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Picture taken while conducting Focus Group discussions in Chadiana

First 9 European Institutions to benefit from rating and assessment services under the EaSI Technical Assistance programme – Phase 2

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. 

MFR at the 10th annual AITEC Africa Banking & Mobile Money Conference, Nairobi

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.

MFR completed the training workshop for the Micro Finance Unit in Swaziland

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. 

MicroFinanza Rating presents cooperation with FAO

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.

Kick-off meeting of the project “New programs feasibility study on traditional financial service providers” for Boulder Institute of Microfinance

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.

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