Rating initiative

Members of NpM have been cofounders of the Rating Initiative (RI). This institution originally stimulated financial ratings of microfinance institutions (MFIs). The RI has also been involved with the development of social rating instruments through which MFIs are examined on their social aspects, including transparency and the way MFIs apply the Client Protection Principles.

Launched in 2008, the Rating Initiative (RI) is transitioning into a new phase and will phase out its subsidies for social ratings by the 21st December 2011 thereby effectively terminating its MFI rating co-funding mechanism. Subsidies for financial ratings were phased out in April 2011.