Microfinance Institutional Rating (MIR)


It provides an opinion on the long-term institutional sustainability and creditworthiness through a comprehensive assessment of risks, performance, market position and responsible practices. Clients may choose between a public (rating grade assigned and disclosed) or private (rating grade not assigned or not disclosed) rating.


  • Clear picture of financial performance to the MFI
  • Alignment to international standards
  • Compare to benchmarks and best practices.
  • Message of transparency to stakeholders
  • Prove institutional and financial soundness to investors
  • Financial performance management system
  • Visibility and facilitate access to funding sources
  • Preliminary tool to know potential clients, facilitate a first off-site selection and contribute in making decisions on resources allocation
  • A second opinion
  • Focus on specific RISK AREAS
  • Standardized information as a basis for monitoring risk and performance of investments

"In 2016, Friendship Bridge went through both an Institutional and Social Performance Rating with MicroFinanza Rating. We were very pleased with the process and outcome. Our objective was to receive an independent, professional assessment of our organization in order to learn our strengths and weaknesses, how we compare to our peers, and how we can improve our impact. MicroFinanza's approach was thorough, they treated our Staff and Board professionally and with respect, and their observations were thoughtful and well-informed of industry best-practices. Since completing the Ratings, we have utilized the results internally to set objectives for our 2017-2019 Strategic Plan and make improvements. We believe having these Ratings was worth the effort and that we are a better organization because of them. We would sincerely recommend MicroFinanza to others as a result."

Rebecca Cueto
Friendship Bridge's Treasury Manager

"JSC MFO Crystal is greatly satisfied with the rating assessment conducted by MicroFinanza Rating in 2012. We highly appreciate overall qualification, professionalism and analytical skills of the rating team. The process was very helpful not only in terms of next grading of our institution, but also for identifying important risk areas that have been overlooked by management before."

Malkhaz Dzadzua
CEO of JSC MFO Crystal



The Microfinance Rating PLUS methodology integrates client protection and other social risks factors to the traditional financial analysis in order to better address the increasing relevance of the reputation risk for the long-term institutional sustainability of the MFI. Building on the social rating experience, it represents the coordinated answer from the microfinance rating agencies to the evidence that client protection and other social measures are essential to the long term success of the business and to preserve the image of the microfinance industry as a whole.

Areas of analysis

  1. External context
  2. Governance and strategy alt
  3. Organization and operations alt
  4. Client protection alt
  5. Assets quality and structure
  6. Financial structure and management
  7. Financial and operational resultsalt

altSocial aspects incorporated to assess the reputation risk: responsible governance, client protection, responsible finance.

Contact our Operations Director Giorgia Carloni, This e-mail address is being protected from spambots. You need JavaScript enabled to view it to have additional information.

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