PERU: Ratings for regulated FI (December 2020)

Lima, September 2017. MicroRate is pleased to present the financial institutions (FI) that obtained the best international grades in institutional rating (MIR) and social rating. The list includes regulated and unregulated entities from different countries.

The MIR evaluates the overall performance regarding the best practices and sustainability in the long term. We are also pleased to recognize the effort in the social performance management, which confirms the responsibility of these FI towards their customers, employees, the community and the environment. See press release

While the placement of microcredits in a group expresses the essence of microfinance by its attention to the base of the pyramid, it may be the placement mechanism that is most exposed to operational as well as reputational risk.

In the experience of MicroRate, the operational risk in group methodology is furthered when the regulation of the group’s operations is imprecise. There is a high level of manipulation of cash (in disbursement and collection sessions), a relaxation of credit policies and, in general, insufficient control. To this is added a comparatively higher turnover of loan officers, which is explained, in part, by the challenge they face to serve groups in dispersed and inaccessible localities. Read More

MicroRate estará presente en México del 31 de Agosto al 2 de Septiembre para la 16ava Convención de ASOFOM.

Si su institución también asistirá, agendemos una reunión presencial

AQUÍ

MicroRate will be present in São Paulo on April 27th and 28th on the occasion of Abcred's 20th anniversary. We would like to take this opportunity to meet with your microfinance institutions (MFIs) for an exchange of experiences and an update on our entities.

Our representatives who will be present:

We would like to schedule a meeting with your microfinance institution: [email protected]

We publicly share MicroRate's risk ratings for Peruvian MFI's as of December 2021.

We publicly share MicroRate's risk ratings for Peruvian MFI's as of June 2021.

As every year, we want to publicly announce the global lists of those entities that achieved excellence in 2 different categories: Social Performance and Institutional Performance.

On Thursday 18th we officially presented the lists in an event, watch the recording by clicking here.

The following institutions were listed in alphabetical order for each grade. The lists include only institutions with public grades that were rated during 2021.

MicroRate congratulates all of these entities for the remarkable effort in terms of Institutional and Social Performances, even in the face of an adverse context in the places where they operate, without losing focus on their mission towards financial inclusion.

We invite them to continue demonstrating that a financial-social balance is possible.

MicroRate has been officially acknowledged as rater for Microfinance Institutions under the authority of Le Gouverneur de la Banque Centrale de Tunisie (Central Bank of Tunisia) in accordance with the Circular Note N°2020-13. 

MicroRate's CEO, Maria Belen Effio stated, “We look forward to contributing to Tunisie's financial inclusion (Microfinance) sector by providing independent and objective assessments.”

MicroRate will continue to issue the certification of MFIs under its label, framed within the standardized methodology of SPTF and CERISE. 

Request information

MicroRate is pleased to announce the financial institutions (FI) that obtained the best international grades in Institutional Performance Rating (MIR) and Social Performance Rating during the crisis context due to the Covid-19 pandemic. The list includes regulated and non-regulated entities.

Kindly find the report here.

Following the stablishments contained in Financial System General Law (N° 26702) and SBS Resolution N° 18400-2010, Regulation for Financial and Insurance Companies Ratings, MicroRate presents to the market the ratings that were assigned to our clients, with data as of June 2020.

Following the stablishments contained in Financial System General Law (N° 26702) and SBS Resolution N° 18400-2010, Regulation for Financial and Insurance Companies Ratings, MicroRate presents to the market the ratings that were assigned to our clients, with data as of December 2019.

See our announcement individually exposed here.

Following the stablishments contained in Financial System General Law (N° 26702) and SBS Resolution N° 18400-2010, Regulation for Financial and Insurance Companies Ratings, MicroRate presents to the market the ratings that were assigned to our clients, with data as of September 2019.

See our announcement individually exposed here.

Lima. October 31st, 2019.  MicroRate is pleased to announce the financial institutions (FI) that obtained the best international grades in institutional rating (MIR) and social rating. The list includes regulated and non-regulated entities.

The MIR evaluates the overall performance regarding the best practices and sustainability in the long term. Furthermore, we are also pleased to recognize the effort in the social performance management, which confirms the responsibility of these FI towards their customers, employees, the community and the environment. See press release

Lima, September 2017. MicroRate is pleased to present the financial institutions (FI) that obtained the best international grades in institutional rating (MIR) and social rating. The list includes regulated and unregulated entities from different countries.

The MIR evaluates the overall performance regarding the best practices and sustainability in the long term. We are also pleased to recognize the effort in the social performance management, which confirms the responsibility of these FI towards their customers, employees, the community and the environment. See press release

While the placement of microcredits in a group expresses the essence of microfinance by its attention to the base of the pyramid, it may be the placement mechanism that is most exposed to operational as well as reputational risk.

In the experience of MicroRate, the operational risk in group methodology is furthered when the regulation of the group’s operations is imprecise. There is a high level of manipulation of cash (in disbursement and collection sessions), a relaxation of credit policies and, in general, insufficient control. To this is added a comparatively higher turnover of loan officers, which is explained, in part, by the challenge they face to serve groups in dispersed and inaccessible localities. Read More