inclusive microeconomics

Financial services, value chains, inclusive business

Incorporating EDA Rural Systems



Geographical scope


M-CRIL’s role in The Global Microscope 2018 on Financial Inclusion

The latest Global Microscope report 2018 by The Economist Intelligence Unit has been released. This is a compendium on the state of financial inclusion in 55 countries that have been benchmarked and ranked. M-CRIL has contributed to the benchmarking of the regulatory and operational environments in 9 of the 55 countries. This contribution entailed detailed research on policy and regulations as well as interviews with government officials, regulators, heads of financial institutions and other stakeholders such as digital financial service providers. For this purpose, M-CRIL was able to leverage its extensive experience of the financial sector in multiple countries of Asia and Africa.
For the latest 2018 report please click here

Workshop on “Multiple Borrowing and Indebtedness In Myanmar”

Sanjay Sinha, MD, M-CRIL and renowned expert of the MFI sector in Asia was invited to present the key note address at a workshop on” Multiple Borrowing and Indebtedness In Myanmar” organized by Cordaid Netherlands, Myanmar Microfinance Association (MMFA), ADA Luxembourg and UNCDF In Yangon, Myanmar on 08 October 2018.

He presented the findings from a survey and analysis carried out by M-CRIL of multiple borrowing amongst MFI clients in 5 regions of Myanmar. Amongst other findings, the presentation highlighted concerns about the role of the number of loans per client rather than the absolute loan outstanding per client, from both MFIs and client perspectives vis-vis repayment difficulties. Recommendations arising out of the study were also presented to microfinance stakeholders for their consideration. For more interesting insights on this topic , please click here

Asian Development Bank signs investment agreement with M-CRIL

The Asian Development Bank (ADB) signed a $1.5 million equity investment agreement with Micro-Credit Ratings International Limited (M-CRIL). The investment is a part of ADB’s programme to Strengthen Microfinance Ecosystem in Asia. The agreement was signed by Christine Engstrom, ADB’s Director for Private Sector Operations – Financial Institutions, and Sanjay Sinha, Managing Director of M-CRIL.

ADB News Release, New Delhi, India – 14 February 2017.


Notes from the Field 3: Fintech and the demand side challenge in financial inclusion

“Rural women are much smarter than you” thundered a leading official of the Niti Aayog when a member of a public audience had the temerity to challenge him about the adverse effects of demonetisation …


M-CRIL Microfinance Review 2014: Risk, regulation & reward

A financial & social analysis, this review is Volume 9 of a series that provides an empirical and analytical chronicle of thehistory of MFIs in India.

See Report

Making the Case for Outcomes Management to Financial Service Providers

What is outcomes management? How do financial service providers use outcomes data?

Author: Frances Sinha, Editor: Amelia Greenberg

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