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During 2006, M-CRIL undertook 65 MFI ratings in
10 countries including 40 first ratings and as many as 25
updates. By now, 40 MFIs have had 2 or more rating updates
from M-CRIL.
In addition
to ratings, M-CRIL also undertakes evaluations, sector reviews
and other activities that are complementary with its rating
activity. M-CRIL’s market has been growing,
covering large numbers of MFIs each year - see
Figure
below - and increasing its revenue (rating & studies)
steadily. Including sector studies, M-CRIL now has experience
of microfinance in 20 countries.
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…with
substantial analytical capacity,
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Position |
Persons |
M-CRIL’s rating team has substantial
capacity and the
best available
qualifications
in the field of financial analysis and development. M-CRIL’s
team is becoming increasingly international. The
rating team is expected to grow to 15 by mid 2007.
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Director, Ratings |
One |
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Senior Analysts |
Four |
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Analysts |
Six |
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Total |
11 |
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Managing Director + Board |
6 |
M-CRIL’s Managing Director, Sanjay Sinha and
members of the Board including Prof Malcolm Harper,
Mr Brij Mohan, Mr Sitaram Rao, Ms Jayshree Vyas & Ms Frances Sinha are well known figures in microfinance.
…a
record of pioneering products in microfinance analysis
Credit
rating M-CRIL pioneered the introduction of credit
rating (rather than performance assessment) of MFIs. Our
ratings include a risk assessment, projections of future
performance and recommendations for investment in addition to
a review of performance.
Quarterly
monitoring M-CRIL undertakes quarterly monitoring and
semi-annual desk reviews of MFI performance when specifically
contracted for this purpose.
Social Rating M-CRIL has introduced social rating – an assessment of
systems, poverty outreach and client feedback to assess and
compare the social performance of MFIs.
M-CRIL is
the world-wide pioneer of this product as a rating product,
launched in 2005.(See
separate leaflet about Social Rating).
Sector
Studies and Reviews M-CRIL also undertakes studies of issues in the
performance of the microfinance sector in its countries of
operation. Such studies have covered aspects like
microfinance policy, best practices in MF delivery,
micro-insurance and its role in meeting client needs and the
microfinance market in a number of countries including
Bangladesh, Cambodia, Indonesia, Nepal, Papua New Guinea,
Philippines, Tajikistan, Thailand and Vietnam as well as
India. Broader evaluations of MFI performance have also been
undertaken in these countries.
…and
the most cost-effective services available world-wide
M-CRIL is based in India –
one of the major hubs of international knowledge processing
services [KPS]. M-CRIL is a Knowledge Process Services
provider of the highest international standards while
maintaining costs at well below the levels charged by similar
agencies based in Milan, Paris and Washington.
M-CRIL
is accredited by the IDB-CGAP Rating Fund & other clients
including
Asian Development Bank
Blue Orchard Finance
Cordaid, Netherlands
Deptt for International Devt, UK
Food & Agriculture Organisation of the UN
Ford Foundation
Hivos, Netherlands
ICCO, Netherlands
Mekong Private Sector Devt Facility [ of IFC]
MISFA, Afghanistan
Small Industries Development Bank of India
Small Enterprise Devt Facility [for S Asia]
Swiss Agency for Devt & Coop [SDC]
UNOPS
The World Bank
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