New Client Protection Certification

MFR is the first Certification Body to obtain a full approval to conduct Client Protection Certifications
under the CERISE-SPTF framework, effective as of May 1st 2021.

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client protection, social and financial performance

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MFR IS A PRIVATE AND INDEPENDENT INTERNATIONAL RATING
AGENCY SPECIALIZED IN INCLUSIVE FINANCE

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Newly Issued Ratings

INSTITUTION	REPORT	COUNTRY	AREA	GRADE	LANGUAGE	ISSUE DATE
Baobab	Social Rating	NIGERIA	SSA	BB -	English	April 2021
Centro Financiero Empresarial	Financial Rating	PANAMA	LAC	BB+ Stable	Spanish	April 2021
Banco VisionFund Ecuador	Social Rating	ECUADOR	SSA	A+ -	Spanish	April 2021
Pro Mujer Argentina	Financial Rating	ARGENTINA	LAC	BB+ Stable	Spanish	April 2021
Banco VisionFund Ecuador	Client Protection Certification	ECUADOR	LAC	Certified -	Spanish	March 2021
Premier Credit	Social Rating	KENYA	SSA	BB -	English	March 2021
Dvara KGFS	Client Protection Certification	INDIA	SSEA	Certified -	English	March 2021
Emprendamos	Financial Rating	MEXICO	LAC	B+ Stable	Spanish	March 2021
Pro Mujer Nicaragua	Financial Rating	NICARAGUA	LAC	BBB- Stable	Spanish	March 2021
Fundación Paraguaya	Client Protection Certification	PARAGUAY	LAC	Certified -	Spanish	March 2021

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Social Rating for SME Financial Service Providers

May 21, 2021

Certificación de Protección al Cliente - Nueva metodología

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