The Microcredit Summit Campaign:

Very exciting news! The Pro-Poor Seal of Excellence recently concluded a beta testing phase with seven microfinance institutions representing a variety of regions, sizes, and legal forms. What’s next?

Originally posted on Truelift:

The Pro-Poor Seal of Excellence recently concluded a beta testing phase with seven microfinance institutions representing a variety of regions, sizes, and legal forms. The following are the high level reflections from the tests, categorized by the linkages with the existing Social Rating tools, Indicators, and Recommendations.

Links with Social Ratings:

  • There exists good overlap between the Seal beta test methodology and a Social Rating.
  • The Seal requires more attention in the Social Rating to:
    • Client feedback mechanisms, results and data use; as well as
    • Methods to track progress, actual results and their use; and
    • Overall quality of client level data.
  • Compliance with all six sections of USSPM fully matches the Social Rating.
  • USSPM sections 3 (client protection) and 6 (balancing financial and social goals) match the Microfinance Institutional Rating (MIR: a rating product which includes additional considerations for client protection from a risk perspective).

Indicators:

  • The indicators for the Seal…

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