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M-CRIL is the first credit rating agency
in the world to offer a Social Rating service. This is a
significant step towards M-CRIL's commitment to support the
microfinance sector. Social rating requires a different set of
research and assessment skills and M-CRIL has been able to
offer such a service because of the impact research experience
of its parent organisation EDA Rural Systems.
Separate from, but linked to Credit Rating, Social
Rating will contribute to greater transparency about what
microfinance is achieving. It will assist MFIs and its
supporters in making good use of resources for
microfinance. It also provides useful information to MFIs
for them to develop more effective systems and services
for achievement of its social objectives...
...Read More
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Social Rating Reports |
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BASIX-BSFL, India - Social
rating with client level information (from social
rating survey)
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AMK, Cambodia - Social rating with client level
information (from MFI research) |
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Preliminary Social plus Credit
Rating (July 2006) |
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Publication |
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Social Rating and Social Performance
Reporting in Microfinance:
Towards a common framework
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| Sinha.F; November 2006; Arigidius
Foundation; SEEP "Occasional Paper" |
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The
specialist rating agencies in microfinance have
frameworks and tools for financial risk assessment.
These have gradually converged around objective
indicators and agreed ratios – although the style of
reporting or grading may differ. For social rating,
the challenge of assessment is if anything more
complex. Because of this, we were asked to converge
from the start: to agree on the scope and parameters
of a social rating, the key indicators and the
assessment approach. And to link social rating to an
agreed framework for social reporting by MFIs The
framework presented here is an output of a
sub-committee for Social Rating and Reporting
appointed by the Social Performance (SP) Task Force,
with Frances Sinha, M-CRIL as chair, M-CRIL being the
first specialist microfinance rating agency to develop
a tool for social rating. Others on the sub-committee
represent the other three main specialist rating
agencies: Micol Guarneri of Microfinanza, Emanuelle
Javoy of Planet Rating, Sebastian von Stauffenberg of
MicroRate ; also Rekha Reddy of Accion, Anton
Simanowitz of the Imp-Act Consortium, Cécile Lapenu of
CERISE, Gary Woller of Chemonics, Allan Bussard of
Integra and Marc Berger of SIDI. All members of the
sub-committee have contributed to the content of this
paper. Others too, especially Geert Jan Schuite of the
Global Reporting Initiative and Koenraad Verhagen of
the Argidius Foundation
This paper
summarises ‘work in progress’ and represents a
significant attempt to coordinate different
initiatives and perspectives. We believe it provides
a sound basis for developing further the transparent
measurement of social performance in microfinance.
...Read More
Framework for Social Performance Rating and
Reporting
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