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12/04/2018
MFR is the first company accredited to conduct GSMA Mobile Money Certification assessments

MFR is proud to announce that it has been selected as the first company to conduct assessments under the GSMA Mobile Money Certification scheme.

MFR has been chosen for its extensive knowledge of the financial inclusion industry, capacity to carry out independent and impartial evaluations, diverse and qualified team of assessors and proven track record of assessments performed under various certification schemes.

MFR Executive Director Mr Aldo Moauro said: “I am delighted to announce that MFR has been accredited as assessor within the GSMA Mobile Money Certification. We are proud to bring our longstanding experience as independent third-party evaluators, raters and certifiers to the mobile money ecosystem and to work with such a prestigious brand as the GSMA.”

 

MFR’s team of qualified assessors started piloting the GSMA Mobile Money Certifications by visiting Orange in Ivory Coast and the pioneer of M-PESA Safaricom in Kenya. Then, three additional operators have been assessed, TIGO and Vodacom in Tanzania and Telenor Pakistan.

On April 12, 2018 the mobile money providers mentioned above have been awarded the first GSMA Mobile Money Certifications by the Certification Scheme Operator, Alliances Management. The Certification is a global initiative to bring safer, more transparent, and more resilient financial services to millions of mobile money users around the world.

The GSMA Mobile Money Certification defines and promotes excellence in the provision of mobile money services. It is based on independent assessments of a provider's ability to deliver secure and reliable services, to protect the rights of consumers and to combat money laundering and the financing of terrorism. These efforts are measured against global industry best practice, and a pass mark of 100% is required. The Certification aims to enhance consumer trust, accelerate commercial partnerships, and set a public bar to which all providers can aspire.

The five certified mobile money providers have proven that their business practices are amongst the best in the industry, and that they are serious about protecting the rights of consumers, delivering reliable and secure services, and combatting money laundering and the financing of terrorism. They are trustworthy and responsible financial institutions on a par with the rest of the financial ecosystem.

The Certification will help to take the industry to the next level by improving the quality of services and customer satisfaction, facilitating the implementation of trusted partnerships, building trust with regulators and encouraging the implementation of appropriate and proportional regulatory standards. Enhancing trust in mobile financial services is in the collective interest of the private sector, governments, regulators, and consumers.

The Certification represents a strong proactive move on behalf of the mobile money industry, demonstrating its commitment to AML / CFT, and to delivering quality, safe and fair services to customers. Responsible business practices are essential to help regulators achieve their goals around financial inclusion, stability, integrity and consumer protection.

The Certification stamp is a sign that a provider has taken steps to ensure that a high level of customer service can be expected, that their funds are in safe hands, and that their rights are protected.

If you wish to learn more about the GSMA Mobile Money Certification, please visit the following webpage: https://gsmamobilemoneycertification.com.

 

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28/02/2018
UNRWA Microfinance Department has been awarded the Truelift Leader Milestone

MicroFinanza Rating announces that UNRWA Microfinance Department - Palestine is now recognized by Truelift as the Leader Milestone.

The Leader milestone is the most significant and prestigious of the Truelift milestones, given only to those institutions that are excellent in all three of the Pro-Poor Principles. Truelift Leaders are financially sustainable, demonstrate a responsible financial performance, are Smart Campaign certified in client protection and fully meet the Universal Standards for Social Performance Management Dimensions on balancing financial and social return.

The UNRWA microfinance department provides sustainable income-generation opportunities for Palestine refugees, as well as other poor or marginalised groups who live and work near them. It extends credit and complementary financial services to households, entrepreneurs and small-business owners. These investments create and sustain jobs, reduce poverty and empower our clients, particularly women. By lending to Palestine refugees, women, youth and other marginalized clients, the microfinance department supports UNRWA’s human development goal of “A Decent Standard of Living.” The department organizes its programming with the strategic objective of providing its clients with “inclusive financial services and increased access to credit and saving facilities” that can provide them with new opportunities.

Find more on UNRWA Microfinance Department here.

 

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UNRWA MD Palestine TrueliftCertificate Feb 2018

26/02/2018
Fundación Amanecer has been awarded the Truelift Achiever Milestone

MicroFinanza Rating announces that Fundación Amanecer is now recognized by Truelift as the Achiever Milestone.

An Achiever institution demonstrates that it meets expectations in all three areas of outreach, adapted services, and tracking of client progress. Its results show a significant positive impact on many of its clients’ lives. The institution has good performance and earns a minimum appropriate score in all three Pro-Poor Principles. It demonstrates its financial sustainability and strength, and sufficiently complies with the Universal Standards for Social Performance Management. An Achiever institution’s actions indicate quality pro-poor microfinance practice.

Fundación Amanecer was founded in 1994 by a group of oil companies that work in the Orinoquía region of Colombia. The organization’s mission is to contribute to increased human and economic productivity in the region by providing comprehensive training and promoting entrepreneurship. To that end the foundation provides microentrepreneurs with working capital loans, access to basic business education, and more specialized training in enterprise formation.

Find more on Fundación Amanecer here.

 

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Amanecer TrueliftCertificate Feb-2018

26/02/2018
Banco VisionFund Ecuador has been awarded the Truelift Leader Milestone

MicroFinanza Rating announces that Banco VisionFund Ecuador is now recognized by Truelift as the Leader Milestone.

The Leader milestone is the most significant and prestigious of the Truelift milestones, given only to those institutions that are excellent in all three of the Pro-Poor Principles. Truelift Leaders are financially sustainable, demonstrate a responsible financial performance, are Smart Campaign certified in client protection and fully meet the Universal Standards for Social Performance Management Dimensions on balancing financial and social return.

Banco VisionFund Ecuador, formerly known as FODEMI, is a microfinance bank based in the city of Ibarra that launched its operations in 1995. VisionFund Ecuador is affiliated with VisionFund International (VFI), which provides education, health, and development services in rural and disadvantaged communities in almost 40 countries. VisionFund Ecuador provides small loans and non-financial services to micro enterprises in provinces in the central and northern highlands of Ecuador via a network of branches and sales points. Most clients work in agriculture, tourism, industry and handicrafts. The MFI maintains a strong focus on women-headed households, in line with its social objectives of reaching out to the most disadvantaged families.

Find more on Banco VisionFund Ecuador here.

 

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BVE TrueliftCertificate Feb-2018

23/02/2018
Se ha lanzado el Fondo para las Finanzas Responsables e Inclusivas en Centroamérica y el Caribe (FFRI-CAC)

FFRI-CAC

 

El Social Performance Task Force (SPTF) y la Red Centroamericana y del Caribe de Microfinanzas (REDCAMIF) han lanzado su iniciativa FFRI-CAC - “Fondo para las Finanzas Responsables e Inclusivas en Centroamérica y el Caribe”, que busca fortalecer las capacidades y prácticas de los proveedores de servicios financieros inclusivos en la región, mediante la ejecución de las siguientes actividades:

  • Capacitación y entrenamiento: en temas relacionados a las finanzas responsables e inclusivas, dirigido a personal experto en la gestión de desempeño social en redes e instituciones, consultores, y proveedores de asistencia técnica.
  • Co-financiamiento: de Proyectos presentados por proveedores de servicios financieros inclusivos, incluyendo Rating o Calificaciones sociales, evaluaciones de desempeño social y proyectos de mejora de la gestión de desempeño social, auditorias sociales (SPI4 plus), evaluaciones de protección al cliente, , capacitaciones especializada en áreas de gestión enfocada a los clientes, certificaciones de protección al cliente.
  • Desarrollo de recursos: herramientas, metodologías u otros recursos, de acuerdo a la demanda en la región.

 

Los países que se consideran prioridad son: Nicaragua, Guatemala, Honduras, El Salvador, Haití. Adicionalmente, se podrá operar en México, Panamá, Costa Rica y la Republica Dominicana. Operaciones en otros países serán evaluadas en cada caso.

Las aplicaciones serán evaluadas de forma trimestral por el Comité Directivo del FFRI-CAC, que se reunirá a partir de marzo 2018.

Pueden presentar su solicitud aquí.

MicroFinanza Rating ofrece los servicios de Rating o Calificación social, Evaluación social, Auditoría social SPI4 plus, Pre-certificación y Certificación de protección al cliente y otros productos de evaluación de desempeño social.

Si desea saber más sobre el FFRI-CAC o sobre cómo MicroFinanza Rating puede acompañarle y ayudarle a participar en las actividades del FFRI-CAC, escriba a michela.broseghini@microfinanzarating.com.

 

Síganos en Twitter y LinkedIn para obtener actualizaciones sobre el sector de las microfinanzas y finanzas inclusivas.

09/10/2017
Save the Date! MFR all'evento Prioritalia sul valore delle imprese sostenibili

STD sponsor 2

 

Aldo Moauro, Executive Director di MicroFinanza Rating, sarà tra gli speaker del convegno "Le strategie delle imprese sostenibili e l'incremento del loro valore finanziario", che si terrà lunedì 16 ottobre a Roma presso la Sala del Tempio della Camera di Commercio. L'evento è organizzato da Prioritalia, Manageritalia e il Fondo Mario Negri, e sponsorizzato da MFR e da AXA Investment Managers.

Le tematiche trattate durante gli interventi e le successive tavole rotonde vogliono sensibilizzare e promuovere tra le aziende, e in particolare tra i manager, le pratiche di sostenibilità, secondo gli standard internazionali, gli ESG (environment, social, governance).

L'evento intende allo stesso tempo stimolare l’utilizzo di strumenti di misurazione come il rating, il bilancio di sostenibilità e il bilancio integrato, per aiutare gli investitori nelle analisi delle aziende e le loro conseguenti scelte di portafoglio.

Qui il programma completo del convegno.

 

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14/09/2017
Measuring client outcomes: MFR on 2017 Microfinance Barometer

Barometer2017

MicroFinanza Rating is happy to announce the publication of the article "Measuring client outcomes: The frontier of social performance management" on the 2017 Microfinance Barometer. The piece, written by MFR Business Development Director and Coordinator of the e-MFP Investors Action Group Lucia Spaggiari, explains how financial inclusion and impact finance are learning from each other at the frontier of social performance management. Click here to download the publication.

 

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14/07/2017
MicroFinanza Rating at the 23rd Annual Boulder Microfinance Training

boulder logoBoulder

 

 

 

As part of the 23rd Annual Boulder Microfinance Training (July 17 - August 4, 2017 in Turin, Italy) Aldo Moauro, MFR Director, will be holding the following course in the English Programme:

 

As for the French programme, MFR's Regional manager for Latin American and the Caribbean, Evrim Kirimkan, will be holding a course entitled:

 

With specific and concrete objectives, these courses include group work activities and a variety of case studies, mainly stemming from the wide experience of institutional and social ratings conducted by MicroFinanza Rating in many different countries in the four continents.

For additional information, click here.

06/06/2017
MFR at the 5th European Microfinance Research Conference, Portsmouth, UK

5th EU MIcrofin

 

The MFR team will participate in the 5th European Microfinance Research Conference during June 12-14 in Portsmouth, United Kingdom. The objective of the 5th edition of the conference is to draw together ideas from Europe and beyond which tackle the financial inclusion problem. MFR Business Development Director and member of the Social Performance Task Force Lucia Spaggiari will be one of the speakers at a panel discussion entitled: "(Re)framing Research in Microfinance." The European Microfinance Research Conference is one of the primary meeting places for academics to exchange ideas, build and consolidate networks, give visibility to their projects and to identify gaps and different paths for new research.

Click here to download the 5th European Microfinance Research Conference final programme.

 

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

25/05/2017
MFR at the first conference “Microfinance sector in Palestine – Prospects and challenges”

During May 15-16 in Jericho, Palestine, the MFR team participated in the first conference on microfinance in Palestine, co-organized by the Palestine Monetary Authority (PMA) and Sharakeh (network of local microfinance institutions) and supported by the Italian Agency for Cooperation and Development.

The event aimed at shedding lights on two of the foremost important priorities in the industry – and namely, the current legal framework regulating microfinance and the improvements to be introduced; as well as the methodology to measure the socio-economic impact of microloans on clients.

During the first day, two research papers were presented and discussed, one of which was conducted by the MicroFinanza Rating team. MFR Executive Director, Aldo Moauro, introduced the “RESEARCH PAPER ON THE SOCIO-ECONOMIC OUTCOME MANAGEMENT OF MICROFINANCE SERVICES IN PALESTINE”. The study aims at designing the architecture to manage outcome, proposing a set of indicators and two alternative approaches, tailored to the Palestinian context (but customizable for other countries).

During the second day, Aldo held a workshop for donors and institutions to highlight the importance of social performances and indicators management. During the workshop, Aldo presented the indicators with the intent of reaching a shared and agreed set within the industry, and understanding how to implement the strategy.

The goal is to measure this set of indicators over the years to understand how the Palestinian microfinance market develops, a market that is worth of almost USD 230m and serves about 90,000 clients, mostly women, young people and small-scale farmers.

 

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Conf Palestina s

19/05/2017
MFR at the 20th MFC Annual Conference, Sarajevo, Bosnia and Herzegovina

mfc-2017-header-4-en

 

The MFR team will participate in the 20th MFC Annual Conference during May 24-26 in Sarajevo, Bosnia and Herzegovina. MFR Regional Manager for Central Asia, Russia and the Caucasus Ulan Diushebaev will co-conduct a pre-conference workshop on responsible princing. The participants will explore the issue of responsible pricing, what the sector can do to achieve its goals, and what each individual microfinance institution can do to ensure transparent and fair pricing. Ulan will also be one of the speakers at a panel discussion entitled: "New markets and market segments for microfinance: frontier countries and EU." The conference will debate the case of large, unserved regions with high demand for microfinance: in traditional emerging markets (Russian North Caucasus), in frontier markets (Uzbekistan), and in developed markets (France, Greece).

Here the agenda for the 2017 MFC Conference.

 

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16/05/2017
News about the European Code of Good Conduct

CoCG

 

MicroFinanza Rating is proud to announce that the pilot phase testing the European Code of Good Conduct (ECoGc) for microcredit provision has come to an end in April 2017. During the pilot phase, the providers that went through the CoGC evaluation offered valuable food for thought when it comes to applying the Code in the field.

This test phase has allowed some conclusions to be drawn in order to better meet the needs of the microcredit market in Europe. Among the relevant updates, the priority clause 1.2 on disclosure of APR has been revised to bring the Code better in line with realities of the market for other MFIs that might follow. Additionally the grace period to comply with the ECoGc has been extended from 18 months to 36 months for greenfield financial intermediaries. Find out more on the EaSI Micpro platform.

 

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