A vision to achieve sustainability through risk advisory

Started in 1998, M-CRIL came into being in response to the need for an agency that would bring about a standardised assessment of financial performance and highlight the importance of governance and management in running sustainable business models of MFIs. It also responded to the need for MFIs to incorporate systems and processes appropriate to the overall objective of providing financial services to a large number of poor and vulnerable families. M-CRIL plays a key role in the development finance space across its operational area.

The foundation of M-CRIL was laid by EDA Rural Systems Pvt Ltd, M-CRIL’s parent organization which had undertaken value chain analyses, livelihoods assessments, monitoring and evaluation of microenterprise and microfinance programmes for over 15 years throughout Asia. EDA was instrumental in working with microfinance funders (including development banks) and identifying the need for an agency like M-CRIL.

M-CRIL since its inception has played a pivotal role in the provision of financial services to the poor. With time M-CRIL has diversified itself to a complete knowledge and data center for the microfinance sector. Its regular interest in financial research and assessments helped to evolve its other current service products like Social Rating, portfolio audit, rating of affordable private schools, sector analysis and assessment, financial research and data management. M-CRIL has also undertaken a number of assignments focused on sector advocacy and is a member of national and international networks.