The Risk management Initiative in Microfinance (RIM) today launched an official website for the microfinance industry. The website, www.riminitiative.org, 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: www.riminitiative.org
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.
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.
MicroFinanza Rating is happy to announce the publication of updated findings on social rating data provided in collaboration with Planet Rating, for 2008 - 2014. The article "Social Rating Scores Worldwide" is published on the 2014 Microfinance Barometer and presents results in terms of worldwide social rating results and achievements of social performance areas per region and legal status. Click here to download the publication.
MicroFinanza Rating, in consortium with Planet Rating, reached agreement with FINCA International on a partnership that promotes best practices across FINCA affiliates through SMART client protection certifications and pre-certifications. The project will last 5 years and foresees at least 20 FINCA's affiliates undergoing the Certification Process inclusive of follow-up visits, while one workshop per region will be held during FINCA regional meetings to capture regional specificities and provide FINCA's staff the knowledge to prepare for certification. The added value of the Consortium is in terms of local knowledge, quality control, execution capacity and flexibility. To learn more about the SMART Certification, please visit our webpage.
If you would like to purchase the Country Screening for Zambia and the Democratic Republic of Congo, then contact us requesting a quote. The Country Screening provides an in-depth analysis of a country's main legal, fiscal, institutional aspects related to the local microfinance sector and recognition of the most promising MFIs. The cost of the report depends on the number of contractors and level of customization required by the applicant as shown in the dedicated section of our website.
Click here to know the list of immediately available Country Screenings, and those, which are upcoming.
As part of the 20th Boulder Microfinance Training Programme (Turin on July 7-25), Aldo Moauro (MicroFinanza Rating CEO) and Evrim Kirimkan (Latin America Regional Manager) will be holding respectively following courses:
Both courses will combine theoretical presentations with participatory discussions and exercises. Best practices and practical cases will be discussed to improve the comprehension of each topic.
To register or have additional information, click here.
In July MicroFinanza Rating team will be in the following countries: Comoros, Kyrgyz Republic, Kazakhstan, Azerbaijan, Poland, Kenya, Nicaragua, Ecuador, Mexico.
Moreover, we will be participating to the following events:
As guest speaker Mr. Aldo Moauro MicroFinanza Rating Executive Director will be attending upcoming e-workshop co-hosted by the Microcredit Summit Campaign and Grameen Foundation for a discussion on the recent improvements to the Progress out of Poverty Index® Certification and the new additions to the Standards of Use. The E-Workshop Webinar will be held on Tuesday June 24th at 10:00 AM (EDT / GMT – 4).
The aim of the Webinar is to share knowledge and experiences on how the renovated PPI Certification can improve an organization's measurement of poverty, enhance its reputation, and build confidence in its practices. Among the presenters there are also Frank Ballard, the Program Officer from the Grameen Foundation's Social Performance Management Center, and Analí Oda, Senior Analyst from Planet Rating.
The Webinar will be conducted in English. For Spanish-speaking practitioners, the Portal de Microfinanzas (@Portal_MF) will be live-tweeting in Spanish the key points addressed by the speakers.
Click here to register.
En fecha 29 de mayo de 2014, la Autoridad de Supervisión del Sistema Financiero – ASFI, ha emitido la Resolución ASFI N°365/2014 que autoriza el funcionamiento de MICROFINANZA RATING BOLIVIA CALIFICADORA DE RIESGO S.A. como Entidad Calificadora de Riesgo constituida en el Estado Plurinacional de Bolivia.
En el marco de este proceso hemos presentado exitosamente nuestras metodologías de calificación de riesgo y calificación de desempeño social, por lo que nos encontramos listos para prestar nuestros servicios de calificación de riesgo y calificación de desempeño social a las instituciones del sistema financiero boliviano. MicroFinanza Rating se constituye en la primera calificadora de riesgo especializada en Microfinanzas autorizada por el ente regulador para operar en el sistema financiero boliviano, ofreciendo servicios independientes de alta calidad profesional en uno de los países líderes y referentes a nivel mundial en Microfinanzas y Finanzas Rurales.
As guest speaker MicroFinanza Rating Central Asia will be participating in the panel titled "Financial literacy and Consumer protection" as part of the microfinance conference organized by the World Bank and the National Bank of Kyrgyz Republic. The conference will be held on June 25-26th in Bishkek, Kyrgyzstan.
Together with investors, rating agencies, networks specialized in social performance assessment and reporting platforms, MicroFinanza Rating social department has collaborated on the publication of Brief N°4 titled "Does Good Client ProtectIon Impact financIal Performance?" and released by the European Microfinance Platform (e-MFP). The Brief investigates the relationship between good client protection and financial performance and presents the results from a second round, more robust analysis, whereas a preliminary analysis was presented in June 2012, at the social Performance Task Force meeting in Jordan. The task of analyzing the relationship between client protection and financial performance was given to a team of four statisticians at University of St Andrews (UK). The main findings indicate that while the positive relationship between financial returns and some elements of client protection is clear, the relationship between client protection on the one hand and operating costs and credits risks on the other, is less straightforward. Clarifying the causal link will only be possible once the sector has sufficient historical data.
Download here the publication.