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M-CRIL Microfinance Review 2011 - Executive Summary       Anatomy of the crisis in Indian microfinance – a financial and social analysis       
M-CRIL IntelliGence

CRILEX – the M-CRIL India MFI Growth Index, a composite index of growth of microfinance institutions in India – uses information on the numbers of borrowers and the size of loan portfolio of the 24 largest MFIs (each with more than 100,000 active borrowers). It adjusts the borrower numbers for multiple lending using conservative estimates for this phenomenon by M-CRIL’s analysts – see below.

 
By 31 March 2011, CRILEX had reached
 
8,022
 
(March 2003=100 in the figure above)
About Us
M-CRIL is a global leader in the financial rating of microfinance institutions and in sectoral advisory services. We aim to have a stimulated sector growth and depth of outreach and impact of initiatives for financial inclusion on a worldwide basis. more...
Our work area
News And Events
M-CRIL, the largest ratings agency in India’s Rs 20,000 crore microfinance industry, has alleged that other ratings agencies have been giving higher ratings to microfinance institutions (MFIs) without properly understanding the sector.“They (other ratings agencies) have been too liberal in the assignment of grades to MFIs by giving one to two notches above from what we assigned,”M-CRIL Managing Director Sanjay Sinha told Mint in an interview on Friday. >>>Read More
This study outlines a rating approach for microfinance investment vehicles as part of global initiatives supported by the Swiss Agency for Development and Cooperation (SDC) in promoting accountability and transparency on social performance in microfinance. It forms part of a series of thematic case studies of SDC’s Employment + Income Network.
In order to signal his concern about developments in the microfinance sector and to make constructive suggestions on the direction in which CGAP should be steering microfinance, our Managing Director, Mr Sanjay Sinha, sent the following letter to CGAP. We welcome your comments on the content of the letter.
Organised by M-CRIL with RBI College of Agricultural Banking, Pune, 14 January 2011
Microfinance institutions with a sizeable presence in Andhra Pradesh are on the brink of closure because of the crisis in the sector in the state, report John Samuel Raja D and M Rajshekhar----------------------------------------------------------------------------- [“When borrowers expect more loans, they will repay. But when they know they won't receive more, they will stop repaying” – Sanjay Sinha, Managing Director, M-CRIL]
[This newsletter highlights some initiatives by M-CRIL since April 2010]
Article on M-CRIL's School Rating initiative in Outlook Business
M-CRIL is pioneering a rating framework to assess private schools catering to the low socio-economic segment, often referred as Affordable Private Schools (APS)
more >>
Publications
[Revised Note] Liberalisation of foreign borrowings by Indian MFIs
How best to leverage this regulatory concession
Promoting Financial Inclusion
- Can the constraints of political economy be overcome?
M-CRIL Microfinance Review 2011 - Executive Summary
Anatomy of the crisis in Indian microfinance - a financial and social analysis
- Access to the full document
Initial Public Offerings (IPOs): The Field’s Salvation or Downfall?
[Author: Sanjay Sinha, Managing Director, Micro-Credit Ratings International Limited, India]
- 2011 Global Microcredit Summit - Commissioned Workshop Paper - 14-17 November 2011, Valladolid, Spain
M-CRIL India Indices of Microfinance 2011
Measures of the performance of the 24 largest MFIs in the country
Of interest rates, margin caps & poverty lending
How the RBI policy will affect access to microcredit by low income clients [July 2011]
M-CRIL’s comments on the draft Microfinance Bill
A major step forward for financial inclusion? 7 July 2011
M-CRIL's views on the Microfinance Policy of RBI
M-CRIL welcomes RBI’s approach to microfinance but feels RBI should facilitate its responsible functioning in an enabling framework
M-CRIL's Additional Suggestions on Microfinance Regulation in India
M-CRIL's Comments on the Malegam Committee Report
Comments on the Recommendations of the RBI Sub-Committee of the Central Board of Directors to Study Issues and Concerns in the MFI Sector
M-CRIL Submission to the Malegam Committee
Submission to the RBI Sub-Committee of the Central Board of Directors to Study Issues and Concerns in the MFI Sector
Reforming microfinance
[Mr Sanjay Sinha's letter in The Economist - 04 December 2010]
Competition & the role of external agents: The 2009 delinquency crisis in southern Karnataka
M-CRIL Microfinance Review 2010
:Microfinance Contributes to Financial Inclusion
How to calm the charging bull - An agenda for CGAP in the decade of the “teenies”
The Development of Social Rating - M-CRIL & Microfinanza Rating
M-CRIL review of Indian Microfinance
M-CRIL Review of Rural Banking in India: Working Paper 1
Annual Report 2007-08
Micro-insurance Regulation in the Indian Financial Landscape
more >>
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