The Truelift Indicators are now available in the SPI4

Photo courtesy of Carsey

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CERISE and SPTF have created, with the support of their membership, the SPI4, a universal social performance assessment tool that integrates emerging industry social performance standards. MFIs can use the SPI4 as a self-assessment tool, or with the assistance of someone trained in the SPI. This blog post was originally published by Truelift on July, 29 2015.


The Truelift Indicators Tool has been streamlined and incorporated into the SPI4 as the pro-poor module. The SPI4 is a universal social performance assessment tool that integrates emerging industry social performance standards (Read more about the SPI4).

The streamlined SPI4 Truelift pro-poor module not only significantly reduces the number of indicators that need to be answered, it also contains guidance and examples of compliance for each indicator, easing practitioner completion of the self-assessment.

Completed SPI4 Truelift pro-poor modules can be still be submitted to Truelift by emailing the Excel file to info[at]truelift.org with the subject “Institution Name: SPI4 Truelift pro-poor module” to get verified and recognized as an Aspirant Milestones institution.

Download and complete the Truelift pro-poor module in the SPI4.

Red Financiera Rural (RFR) in Ecuador makes a Campaign Commitment

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Summary: The Microcredit Summit Campaign welcomes Red Financiera Rural (Rural Finance Network) as the newest Campaign Commitment member, joining a global coalition to help 100 million families lift themselves out of extreme poverty. Read the full Press Release

RFR - Commitment Letter

Javier Vaca, Excutive Director of RFR, displays the signed Campaign Commitment letter.

Red Financiera Rural (RFR) is the leading microfinance network in Ecuador. RFR supports microfinance institutions that serve the most vulnerable members of society. Currently RFR works with 46 member organizations across Ecuador to design innovative products and solutions for clients of their member microfinance institutions. RFR promotes best practices in financial transparency and reporting social outcomes in the sector. RFR’s innovative program to set up Social Responsibility Systems among its member institutions earned it the distinction of being a finalist for the European Microfinance Award in 2008. It is this innovative and social drive that makes RFR a well-respected microfinance organization today.

“At RFR we have supported the Microcredit Summit Campaign since we were founded in 2000. We are very pleased that our member institutions contribute to the goal of reaching people living in poverty with financial services, especially the most vulnerable including women and farmers. And we are convinced that with the dedication of our 46 members, through continuous learning, development of new methodologies and efficient management at a social and financial level, we contribute every day to a greater number of Ecuadorians being able to move out of poverty on their own accord, being agents of their own development.Javier Vaca, Executive Director, Red Financiera Rural


Some key excerpts of Red Financiera Rural’s Campaign Commitment:

  • We will expand to include 3 more member institutions by the end of 2014.
  • In 2014, we will develop innovative microfinance products based on the results of the institution survey that addresses the needs of the clients and institutions. These needs include rural credit, credit with value chains, rural savings, microinsurance, and microfranchises.
  • By the end of 2014, we will increase the coverage of institutions participating in Finance Education Programs from 8 members serving 2,700 clients, to 12 members.
  • By the end of 2014, we will implement Social Performance Management tools in 20 institutions. Among these, we will implement 4 SPI, 2 Smart evaluations, and 2 with the Truelift tool.
  • By the end of 2014, we will implement these products in at least 8 institutions.

Read the RFR Commitment Letter (in Spanish – for English read here)


Join Red Financiera Rural and State your Campaign Commitment

Join us in the global coalition to help 100 million families lift themselves out of poverty – state your Campaign Commitment at mycommitment@microcreditsummit.org

Need additional guidance in formulating your own Campaign Commitment? Refer to our Commitment Development Toolkit.

Be social with us on Facebook and Twitter (@MicroCredSummit) using the hashtags #Commit100M and #100MGoal

 

Social Performance Reporting – A Bandwagon You Should Be On

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Micol Pistelli, Director of Social Performance at the MIX writes about social performance reporting & some of MIX’s future plans. Español Français Continue reading

Towards Excellence in SPM: Opportunity International’s Strategy & Commitment

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Opportunity shared with us their SPM strategy and their unique Social Performance Dashboard. Learn also about their updates from the Commitment announced in 2013. Español Français Continue reading

From Intent to Action: Resources to Pursue Responsible Inclusive Finance

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Dina Pons of Incofin IM, the moderator of the workshop, “Responsible, client-centric practices at every level, and demonstrated commitment to fulfilling its mission,” started the presentation with the following description of Responsible Inclusive Finance:

Every institution along the value chain of “responsible inclusive finance” – whether socially or financially motivated – employs responsible, client-centric practices at every level of its business and demonstrates commitment to fulfilling its mission.

Read the summary of proceedings for this workshop.

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Strategic Partnership To Deliver Social Performance Assessments

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Moody’s and the Microfinance Centre (MFC) made an exciting announcement recently about a new strategic partnership to help microfinance institutions track and compare social performance with the Moody’s Analytics Social Performance Assessment (SPA), bringing attention to the important question of whether we are truly having a positive effect on the lives of the poorest and most vulnerable. Moreover, the SPA will help social investors to identify and support those MFIs that do.

Join us in the Philippines this October 9-11 for the 2013 Partnerships against Poverty Summit where representatives from Microfinance Opportunities, Moody’s Financial, and Alexandria Business Association – Small and Micro Enterprise will discuss how practitioners are using technology to better facilitate serving the poor and whether it can truly strengthen an institution’s social mission in the workshop “Mobile Banking: Perspectives on Challenges and Ways Forward.” Is it, in fact, a feasible means to serve the very poor? Join this panel to learn about solutions that will help make digital platforms more powerful resources for moving out of poverty.

Register today for the 2013 Summit! www.partnershipsagainstpoverty.org

Photo credit:  Equitas


Microfinance Centre to deliver Moody’s Analytics Social Performance Assessments

Warsaw, September 9, 2013 – Moody’s and the Microfinance Centre (MFC) have launched a new strategic partnership in Europe and Central Asia to deliver the Moody’s Analytics Social Performance Assessment (SPA) of microfinance institutions and operations.

This new partnership is part of Moody’s commitment to provide globally comparable assessments with local market expertise for microfinance programs. It also builds on the MFC’s vision for a sustainable and mission-focused industry. Moody’s Social Performance Group and the MFC are aligned in their commitment to ensure microfinance institutions assist the poor and underserved.

“Moody’s brings over 100 years experience in ratings and assessments while the Microfinance Centre was the first global player to work on social performance issues,” said Jody Rasch, Senior Vice President, Social Performance Group at Moody’s Analytics. “The Microfinance Centre brings a local practitioner’s perspective to the table and we are very excited to work with an organization with such a great track-record.”

“The Microfinance Centre continues to advance responsible finance and in particular social performance throughout Europe and Central Asia,” said Katarzyna Pawlak, Deputy Director of MFC. “Moody’s Analytics Social Performance Assessments will help those organizations track and compare performance, which will help bring needed attention of social investors to this sector.”

The SPA is based on a global methodology developed by Moody’s Analytics through extensive market research and participation from over 100 microfinance institutions, investors, and service providers including the Social Performance Task Force, the MIX, the SMART Campaign and others. The SPA uses a scale ranging from SP1, the highest grade, to SP5, the lowest.

About the Microfinance Centre
MFC is a regional microfinance resource center and network which brings together 103 organizations (including 78 MFIs) in 27 countries of Europe and Asia, who aid over 800,000 low-income clients. Its mission is to contribute to poverty reduction and the development of human potential by promoting a socially-oriented and sustainable microfinance sector that provides adequate financial and non-financial services to a large numbers of low income families and micro-entrepreneurs.

About Moody Analytics’ Social Performance Assessments
Moody Analytics’ SPA is an independent analysis of the operations of a microfinance institution that helps stakeholders better understand how effective it is at translating its social mission into practice.

Moody’s Analytics SPA has been recognized by the Clinton Global Initiative for contributing to the development of the microfinance industry through the creation of a comprehensive, global standard to measure social performance. Further information is available here.

About MFC’s Responsible Finance work
Since 1999, MFC has worked with practitioners and support organizations on impact assessments, social performance management, client protection, and social responsibility towards clients, shareholders, community and environment. Over 100 MFIs have benefited from MFC’s trainings, workshops, guidelines, advice and institutional assessments, and significantly more from awareness raising events. Learn more here.

About Moody’s Analytics
Moody’s Analytics helps capital markets and credit risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services, and research, including the proprietary analysis of Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges.

For more information please contact:
ABBAS QASIM
VP, Communication Moody’s Analytics
212.553.0041
abbas.qasim@moodys.com

LILIYA PESKOVA
Project Coordinator & Relationship Manager, Central Asia
Microfinance Centre
48.22.622.34.65 ext. 212
liliya@mfc.org.pl

What Technology Can (and Can’t) Do for Financial Inclusion

More from the Financial Inclusion 2020 launch: answering questions from webinar participants about technology. The #2013Summit – “Partnerships against Poverty” – will have a track on digital partnerships. October 9-11 in the Philippines. REGISTRATION IS NOW OPEN — http://partnershipsagainstpoverty.org/

Center for Financial Inclusion blog

> Posted by Loretta Michaels, Partner, HMS Wireless Consulting

Financial Inclusion 2020 Blog Series banner imageThe Financial Inclusion 2020 campaign at the Center for Financial Inclusion at Accion is building a movement toward full financial inclusion by 2020. This blog series spotlights financial inclusion efforts around the globe, shares insights from the FI2020 consultative process, and highlights findings from “Mapping the Invisible Market.

A good webinar yields more questions than there is time to answer, and the Financial Inclusion 2020 launch webinar was a case in point. Participants asked some excellent questions we couldn’t address during the webinar, so we are now following up on some of the questions about technology. For answers, we turned to Loretta Michaels, who facilitates our FI2020 Technology Working Group.

Q: Andrew Pospielovsky (Egypt): Clearly technology will dramatically increase access to financial services, and this process of technological development is self-sustaining even without funder intervention. I believe the real…

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A Time of Reckoning

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Social business must be about making clients’ lives better. That requires that we know what is happening in our clients’ lives and what holds them back and then designing with their input the products and services that allow them to improve their future. Continue reading

Learning from a Heretic

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By Larry Reed, Director, Microcredit Summit Campaign What can we say about a book that exposes a huge vulnerability in the microfinance industry, but does so by exposing only those facts which make its case and excluding those which give … Continue reading