Certifications

Client Protection Certification

Client Protection Certification is an independent and third-party evaluation that provides an objective seal of confidence that a financial service provider is adequately implementing the client protection principles and is doing everything it should to treat clients fairly and to not harm them.

Social Performance Audit SPI5 and Alinus

MFR analysts are qualified by Cerise to conduct SPI4 and SPI4 ALINUS audits. MFR offers the audits as an-add service of the social rating. The SPI4 is an assessment tool created by CERISE to evaluate an organization’s level of implementation of the Universal Standards for Social Performance Management (USSPM) developed by the Social Performance Task Force. The SPI4 ALINUS is the sub-set of 68 SPI4 indicators selected by a group of social investors and fund managers committed to align their investment strategies and decisions to the USSPM.

European Code of Good Conduct Evaluation

MFR’s independent evaluation publicly recognizes European microcredit providers complying with the European Code of Good Conduct (CoGC) for Microcredit Provision. Developed by the European Commission, the Code sets out operational and reporting standards and good practices tailored to the microcredit sector in the European Union. To be able to benefit from EaSI Microfinance Guarantee or EaSI Technical Assistance, non-bank microcredit providers must sign up to the Code and banks must endorse it.

Truelift Assessment

Truelift is a global initiative to push for accountability in pro-poor development. Truelift is a trust mark – in microfinance and other forms of social business – to signify commitment to positive and enduring change for people affected by conditions of poverty. The Truelift assessment reflects not only the performance of a financial service provider’s pro-poor activities, but also the strength of evidence that validates it.