Non-Ranked Nonprofit Reviews: International Microfinance 2012

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“I’ve seen the power of microfinance all over the world in the eyes of mothers and fathers. It’s unmistakable—the joy and deep satisfaction they feel from being able to work hard and provide for their children and their future.”—Rich StearnsPresident, World Vision U.S.
“I’ve seen the power of microfinance all over the world in the eyes of mothers and fathers. It’s unmistakable—the joy and deep satisfaction they feel from being able to work hard and provide for their children and their future.”—Rich StearnsPresident, World Vision U.S.

This is the complete list of all non-ranked nonprofits reviewed by our experts. We do not have enough information at this time to recommend these organizations, but have provided you with the complete expert reviews to learn more.


The type of expert is indicated by one of the following colors:
F
Foundation Professionals
R
Researchers and Faculty
N
Nonprofit Senior Staff
O
Other (consultants, journalists, policy makers)

Click on an organization to see what the experts say about its impact, strengths and areas for improvement.

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Innovations for Poverty Action (6 recommendations) They are the best research organization out there. They are objectively testing common microfinance myths and helping design better products in order to reach potential microfinance clients
Innovations for Poverty Action
Silver-small

http://www.poverty-action.org/

Evidence of Impact

R
They are the best research organization out there. They are objectively testing common microfinance myths and helping design better products in order to reach potential microfinance clients
N
This organization has had great influence on improving the services of microfinance organizations around the world. Their research is helping to guide and redefine our expectations for this sector, as well as to provide important lessons for improving microfinance services.
N
IPA is a research organization started by Dean Karlan of Yale University, but it is an NGO independent of the university. Its purpose and strategy is to use rigorous, academic-quality research methods and designs to advance the understanding of what works and what doesn't work so well in a broad range of development sectors. IPA's work and influence has transformed the notion of evaluation and integrity of purpose and practice in the development community, particularly in the world of microfinance. They have built many bridges between the worlds of academic researchers and development practitioners. IPA's influence is enormous these days, but narrowly focused on evaluation methodology and provision of high-quality evidence which has generated much of the recent debates in the world of microfinance. In effect, IPA is an extension of the academic world into international development practice, especially but not exclusively in the world of microfinance.
R
They have had an impact by leading the charge to generate the evidence on what works and what does not. They also develop and test innovations in savings and lending models.
N
IPA has really set the bar for realistic findings on the impact of microfinance and soon savings groups.

Organizational Strengths

R
They have great leadership, research skills, and practical applications for their work.
N
IPA's leadership is energetic, creative, and smart. They also help other organizations think freshly about the work they do.
N
IPA's leadership is inspired. This is seen in their strategic, entrepreneurial build-out of the IPA organization to serve the evaluation needs of the development community, as well as in their academic connections and credibility. IPA has also provided employment for dozens of top-notch young researchers, essentially creating a new career path for new PhDs in economics.

Areas for Improvement

R
They should focus more on product design issues.
N
They would benefit from better communication among the various researchers and staff members across multiple countries. Sometimes the right hand doesn't seem know what the left hand is doing.
N
IPA's greatest strength is also its greatest weakness. While their bridges to the practitioner community are real, they are better at telling than listening, meaning that they suffer a mild form of intellectual arrogance about their superb methodological skills. They have had to learn the hard way about the constraints that practitioners face in collaborating in sophisticated field experimental designs for impact evaluation. A related problem is that IPA is too adamant in its application of randomized controlled trial designs at the expense of other less rigorous methods to triangulate with their rigorous methodology to see the truth of the situation.
N
The organization needs to understand the process of change better so that outcomes that cannot be expected for three or four years are judged as not having impact after two years
O
They use a somewhat empirical approach to testing the results from different approaches to microenterprise. They then create a public relations/marketing campaign that suggests that this approach will lead to better use of donor funding to target what works and what doesn't. Oddly, despite pointing out many of the fatal flaws in most microenterprise programs, they continue to suggest that it worthwhile to pursue these efforts. IPA's work appears largely uninformed by the understanding that the quality of local organizations is often as great or an even greater factor in success than the particular method a group may have employed. They would also be wise to recognize that much of what they reveal as new insight is decades old knowledge.
CARE (4 recommendations) They are the largest player in the savings group movement with over two million villagers involved in the Village Saving and Loan (VSLA), mostly in Africa.
CARE
Silver-small

http://www.care.org/

Evidence of Impact

N
They are the largest player in the savings group movement with over two million villagers involved in the Village Saving and Loan (VSLA), mostly in Africa.
O
In 2010 alone, CARE helped 17.3 million individuals across the globe increase their household income through access to markets, financial services, and diversification of their livelihoods. One example of a CARE initiative that has improved the lives of the poor, women in particular, is the village savings and loan associations CARE has implemented throughout rural Niger. CARE was also one of the founders of MicroVest, and still maintains a position in the holding company. CARE also created the <i>Access Africa Fund</i> as part of their Access Africa campaign, a commitment to lift 30 million people (70% of them women) out of extreme poverty over the next decade in sub-Saharan Africa.
N
They started the Village Savings and Loan Association (VSLA) model, which has expanded to many other NGOs.
N
They are professionalizing and renewing village savings and loan associations. They are the only micro-finance I've seen work for rural Africa.

Organizational Strengths

N
They have strong leadership.
O
They have a very strong Board of Directors and senior management. They also have a far geographical reach and 66 years of experience in international development and aid.
N
They have strong marketing and a well-known brand. They also have a commitment to principles. For instance, they refused food monetization funds.
N
One of their strengths is a lady named Grace.

Areas for Improvement

N
They need to look for other innovations beyond Village Savings and Loans (VSLAs).
N
They need to develop an open source model for spreading the he Village Savings and Loan (VSLA) model, as well as a funding model independent of large NGO brands.
Small Enterprise Foundation (4 recommendations) They have operations in some of the poorest regions of South Africa. They have purposeful poverty-focused targeting.
Small Enterprise Foundation
Silver-small

http://www.sef.co.za/

Evidence of Impact

O
They have operations in some of the poorest regions of South Africa. They have purposeful poverty-focused targeting.
N
SEF has been in the microfinance market since 1996. They have the widest product range among microfinance institutions. They also offer comparatively low interest rates in the market.

Organizational Strengths

O
Their leadership is great, as are the staff. SEF is also a leader in terms of performance. They have a quite sustainable organization, and there is good evidence of their impact.
O
SEF's strengths are their leadership, the fact that they offer linkages for services to address AIDS, and their social performance monitoring.
N
They offer the widest product range among microfinance institutions and they have well-trained staff.
N
SEF is a one-country model and is a guiding example that has influenced the global policy dialogue. Like Fonkoze, its leader has been a perennial speaker at global conferences and has weighed in with a distinctive and influential voice and point of view.

Areas for Improvement

O
They are sometimes hesitant to try new things. I was struck when I learned that they only provide financial services and really only credit. This is unusual in today's world. They do it better than most, however.
O
They could improve staff training and retention.
N
SEF needs to expand outreach and strengthen their market position.
Cashpor (3 recommendations) Cashpor is working in some of the poorest regions of north India, with a substantial presence and a process which includes monitoring poverty levels of clients at entry and over time. Cashpor has had a social rating from M-CRIL, with a grade of alpha.
Cashpor

http://www.cashpor.in/

Evidence of Impact

O
Cashpor is working in some of the poorest regions of north India, with a substantial presence and a process which includes monitoring poverty levels of clients at entry and over time. Cashpor has had a social rating from M-CRIL, with a grade of alpha.
N
They collect client-level poverty data over time via the Progress out of Poverty Index (PPI).
O
They never deviate from their mission of serving the poor.

Organizational Strengths

O
They have committed, professional leadership.
N
They are reaching the poorest when others said it's too hard. Another strength is the fact that the are developing products and services that are tailored to their clients' needs. Plus, they're keeping a laser-like focus on the social bottom line, not just the financial bottom line.
O
The head of the organization has successfully built an organizational culture around working effectively.

Areas for Improvement

O
Maintaining staff loyalty and commitment in a difficult environment is a challenge.
N
They could improve their management (c-suite) and negotiation skills, which would help them further their goals.
O
They need development support funds to build quasi equity, and for building systems and skills to meet the needs of clients.
Microfinance Information eXchange (MIX) (3 recommendations) MIX provides services to a number of micro-finance organizations. They create an enabling industry infrastructure for the micro-finance sector.
Microfinance Information eXchange (MIX)
Silver-small

http://www.themix.org/

Evidence of Impact

F
MIX provides services to a number of micro-finance organizations. They create an enabling industry infrastructure for the micro-finance sector.
F
MIX serves a pivotal role in the micro-finance sector. It provides transparency and data analytics for investors, policymakers, operators, and the general public to better understand the sector and make more informed decisions.

Organizational Strengths

F
Their strengths are their contribution to building the market, and the fact that their work improves transparency and performance.
N
They perform strong global and regional analyses.
F
The CEO, Marten Leijon, is extremely strong and innovative. He developed a strong revenue generation platform).

Areas for Improvement

N
They need to revise certain classification criteria of the IMF.
Nidan (3 recommendations) Nidan is doing excellent work on micro-finance in the state of Bihar.
Nidan

http://nidan.in/nidanwp/

Evidence of Impact

R
Nidan is doing excellent work on micro-finance in the state of Bihar.
N
Their impact can be seen in the 4,670 self-help groups that have strengthened economically and provided loans to initiate small implementation grant programs.
N
Nidan has successfully reached rag-pickers and other very modest (low income and low caste) groups. They have created effective group action from what is, in other locations, a very fragmented and exploited group at the very bottom of the pyramid.

Organizational Strengths

R
They have leadership who understands community mobilization.
N
The organization has provided training programs on capacity building and bookkeeping of the leaders of the group. Group leaders have increased their capacities in marketing and skill development. The staff of Nidan Microfinance Foundation are well experienced and trained. They have the capabilities to handle the groups and link the groups to market, community bank, insurance, MFI, and other financial services.
N
They have great leadership. Another strength is their success in drawing technical and financial support that was otherwise unavailable in Bihar.

Areas for Improvement

R
They need to have better monitoring indicators.
N
The Nidan Microfinance Foundation needs to be linked with banks and financial institutions to go miles ahead in future. The visibility of the organization needs to be explored. The problems of the members should be settled soon with timely communication and information.
N
Their back-office facilities can be strengthened, and activities extended to rural groups in the vicinity of Patna. Maybe they could also expand to other cities.
ASKI (2 recommendations) This organization is serving the poor women in Northern Luzon, particularly the hard to reach communities. Presently they are helping more than 60,000 women clients.
ASKI

http://www.aski.com.ph/

Evidence of Impact

N
This organization is serving the poor women in Northern Luzon, particularly the hard to reach communities. Presently they are helping more than 60,000 women clients.
F
Their impact can be seen in their outreach numbers and their innovation.

Organizational Strengths

N
The strength of this organization is in their community empowerment development. They are able to translate the full positive outlook and community cohesiveness of their assisted clients.
F
They have strong leadership and finances.

Areas for Improvement

N
There's still a need to improve their agriculture lending product. Since there are still few clients being served, the capital requirement is quite large.
F
They should improve their marketing and operations.
Alternativa Solidaria Chiapas (AlSol) (2 recommendations) They work on local development and water projects.
Alternativa Solidaria Chiapas (AlSol)

http://www.alsolchiapas.org/

Evidence of Impact

N
They work on local development and water projects.
N
Their impact has been gender empowerment and social performance management.

Organizational Strengths

N
Their strengths are good leadership, good staff, and good operations.
N
They have great staff, operations, and financial results.

Areas for Improvement

N
I'd like to see expansion to new areas and development of new products.
N
They need better internal controls.
BASIX (2 recommendations) They are an innovative developer of new products for the rural poor.
BASIX

http://www.basixindia.com/

Evidence of Impact

R
They are an innovative developer of new products for the rural poor.

Organizational Strengths

R
Their strengths are that they have gone beyond micro-debt and expanded it to a micro-finance bank, and to work around livelihoods.
R
They are well-managed and have a broad reach.

Areas for Improvement

R
Not really nonprofit, but there is an NGO in the BASIX group. They need to stabilize their financial position after the AP crisis, and to expand the totally new field of sustainable livelihood promotion. They need to be sustainable for clients AND for BASIX.
R
They could benefit from better public relations and managing of the micro-finance crisis.
CGAP (2 recommendations) Their impact can be seen in their effort in providing knowledge and know-how to the micro-finance industry globally. I think it is the prime knowledge hub for the micro-finance industry.
CGAP

http://www.cgap.org/p/site/c/

Evidence of Impact

N
Their impact can be seen in their effort in providing knowledge and know-how to the micro-finance industry globally. I think it is the prime knowledge hub for the micro-finance industry.

Organizational Strengths

N
They have strong global and regional analyses.
N
They make an effort in sharing knowledge, particularly in their learnings and experiences of various financial inclusion initiatives and innovations.
Enda Inter-Arabe (2 recommendations) This NGO was launched by a couple from almost nothing. They began their micro-credit program with $20,000, and now they are serving about 200,000 active borrowers in a sustainable basis. I had the chance to meet/talk to many of their clients who not only succeeded in getting out of poverty, but also converted their micro-enterprises into small ones and to create jobs.
Enda Inter-Arabe

Evidence of Impact

O
This NGO was launched by a couple from almost nothing. They began their micro-credit program with $20,000, and now they are serving about 200,000 active borrowers in a sustainable basis. I had the chance to meet/talk to many of their clients who not only succeeded in getting out of poverty, but also converted their micro-enterprises into small ones and to create jobs.
O
ENDA Tunisia is a very successful institution, financially and socially. The organization was able to attract many funds during the last 3 or 4 years and showed a strong commitment to delivering excellent products to its clients.

Organizational Strengths

O
The leadership of the two founders and their vision to help the poor in Tunisia is a main strength of this organization. The CEO is a main figure at the regional level, and received several awards, including the Schwab last year. She was the Chairperson of Sanabel a few years ago and one of the founders. Also, their staff is creating a relatively new and different institutional culture in Tunisia where plans are developed by the participation of all staff and where staff are promoted from within.
O
The leadership in ENDA is very supportive of new ideas. Also, ENDA became a leader in the MENA region for testing new products.

Areas for Improvement

O
They need a succession plan for the leading founders. Also, they just began a loan product for start-ups. They need to be careful with that and take it slowly.
O
I hope the organization will be able to adjust to the new area in Tunisia.
MBK Ventura (2 recommendations) They have a huge number of clients.
MBK Ventura

http://www.mbk-ventura.com/en/

Evidence of Impact

N
They have a huge number of clients.

Organizational Strengths

F
They have strong leadership and operations.
N
They have good funding support and ambitious growth plans to open in new areas.

Areas for Improvement

F
They need to improve on staff and middle management.
N
They should have more activity in terms of training. They should also target urban areas.
MicroSave (2 recommendations) MicroSave has made major contributions in operationalizing impact assessment and market research. When others talked about doing it but didn't know how, MicroSave just went ahead and did it. They continue to be a leader and innovator in this area.
MicroSave

http://www.microsave.org/

Evidence of Impact

N
MicroSave has made major contributions in operationalizing impact assessment and market research. When others talked about doing it but didn't know how, MicroSave just went ahead and did it. They continue to be a leader and innovator in this area.
F
They have trained thousands of individuals in the micro-finance sector in India and beyond. They embrace bottoms-up, market-led approaches.

Organizational Strengths

N
Graham Wright is a clear and innovative thinker. MicroSave's model has been very field-based and grounded in operational realities. Their publications and other ways of sharing their research are always worth looking at and are presented clearly.
F
The leadership is extremely strong and close to the clients, and dedicated to the organization's mission.

Areas for Improvement

N
Once they have the capacity, it would be great if they could have more of a global platform for issues, such as incorporating client voices.
Village Enterprise (2 recommendations) Their impact is their strong commitment to measurement and evaluation of their programs, including use of the PPI (Grameen Foundation's Progress out of Poverty index to measure their participants' movement up the poverty scale), and extensive tracking on the success (vitality or longevity) of businesses started. They periodically assess change in key socio-economic indicators for participants related to food consumed & nutrition, housing quality, education of children & school enrollment, household assets, and land use/land holdings (drawn from PPI questions and an additional survey). Village Enterprise gathers this baseline data on ALL participants in their program in order to later track progress.
Village Enterprise
Silver-small

http://villageenterprise.org/

Evidence of Impact

O
Their impact is their strong commitment to measurement and evaluation of their programs, including use of the PPI (Grameen Foundation's Progress out of Poverty index to measure their participants' movement up the poverty scale), and extensive tracking on the success (vitality or longevity) of businesses started. They periodically assess change in key socio-economic indicators for participants related to food consumed & nutrition, housing quality, education of children & school enrollment, household assets, and land use/land holdings (drawn from PPI questions and an additional survey). Village Enterprise gathers this baseline data on ALL participants in their program in order to later track progress.
O
They offer a training program for borrowers and introduce "pro-poor" technologies to borrowers in the program.

Organizational Strengths

O
They are committed to serving ONLY those living on less than $2 day, with over 50% of participants living on less than $1.25. They are truly committed to serving those at the bottom and in greatest need. They also focus on rural areas, which are underserved by traditional micro-finance. Village Enterprise helps start businesses that can connect to important value chains. They introduce new tools and ideas for those starting a business and ones which offer the best potential for generating income. This includes use of "pro-poor" technologies", like grinders to process crops, kick start irrigation pumps, solar cell phone chargers, etc. They offer a creative <i>Business-in-a-Box</i> program which provides all the assets to start a particular kind of business, and specialized training on how to run that business. Lastly, they offer extensive business training and a year-long program of mentoring to provide the poorest with a strong start to running their first business.
O
Their field staff is very competent. VEF has an excellent model for training local leaders to be trainers for future business people. This practice embeds the trainers in the community and provides an on-going resource for years to come. Combining business skills training with peace and other social initiatives leverages the impact of the training program.

Areas for Improvement

O
Staff there is stretched thin. Their recent movement to building out the program via partnerships may help them grow, but it still needs further development. The organization needs more visibility and awareness in the donor community.
O
They could expand more quickly to reach more people who want to start businesses. They could also train greater numbers of borrowers at similar locations at the same time.
World Council of Credit Unions (2 recommendations) Through their work in the developing and emerging economies, the World Council of Credit Unions has contributed to creating a movement that involves 90 developing/emerging countries, 42,000 credit unions, 72 million members, and $112 billion in savings. In the last several years, the World Council of Credit Unions has also initiated a remittance program through partner credit unions in Latin America and Africa. To date, more than $4 billion has passed through these channels. (By comparison FINCA, one of the leading micro-enterprise firms, has approximately 775,000 "clients" [credit union members own their credit union], savings of $13 million and loans of $361 million.) The evidence on which I base my recommendation includes: (1) the observations I have drawn as the manager of a series of grants made to the organization; (2) visits to credit unions at the national and local levels; and (3) the statistical reports of credit union performance.
World Council of Credit Unions

http://www.woccu.org/

Evidence of Impact

O
Through their work in the developing and emerging economies, the World Council of Credit Unions has contributed to creating a movement that involves 90 developing/emerging countries, 42,000 credit unions, 72 million members, and $112 billion in savings. In the last several years, the World Council of Credit Unions has also initiated a remittance program through partner credit unions in Latin America and Africa. To date, more than $4 billion has passed through these channels. (By comparison FINCA, one of the leading micro-enterprise firms, has approximately 775,000 "clients" [credit union members own their credit union], savings of $13 million and loans of $361 million.) The evidence on which I base my recommendation includes: (1) the observations I have drawn as the manager of a series of grants made to the organization; (2) visits to credit unions at the national and local levels; and (3) the statistical reports of credit union performance.

Organizational Strengths

O
Their fundamental strengths are the soundness of the concept and passion with which World Council of Credit Union employees, credit union members, boards, and staff work to make their services available to all who need them and who are willing to accept the responsibilities as well as the rights of membership. Another real strength is the rigor of the system by which these credit unions judge their own progress. The PEARLS system, while possibly overly extensive, helps credit union boards and managers to assess their own performance over time.
O
Their staff is highly experienced, and the leadership is international in nature. Also, the organization has been willing to share its methods and experiences. Programs carried out by the international credit union movement reach more people than any other program in the world.

Areas for Improvement

O
One area they can improve in is better presenting their message to donors and others who support micro-enterprise activities. By and large the World Council of Credit Unions does a very poor job of marketing both the strength of credit unions and the quality of their own contributions. As a result, they have a very small share of donor funding in this field.
O
They need to broaden their base of program financing. They also need to find more effective ways of making their accomplishments and experiences known.
World Vision International (2 recommendations) They have micro-finance institutions in almost 50 countries.
World Vision International
Silver-small

http://worldrelief.org

Evidence of Impact

N
They have micro-finance institutions in almost 50 countries.
F
In the short number of years they have been working in micro-finance, they have reached an amazing number of lives in many countries (about 35). They also have other interventions like water, education, and health to couple with micro-finance.

Organizational Strengths

N
They have a strong Christian organization, specialized subsidiary (VFI), and governance structures for micro-finance.
F
Because of their strong brand and leadership, they have attracted significant funding. Currently they have about $400 million at work in their loan program.

Areas for Improvement

F
They need to convert from NGOs to banks in order to take on debt, attract savings, and reach more people.
ACORDE (1 recommendation) This organization has provided financial support to micro, small, and medium-size enterprises in Costa Rica for over 20 years. Its portfolio of loans has steadily increased every year since it began developing programs. Many micro-companies have grown and developed under ACORDE´s support and became regular customers of the banking system.
ACORDE

http://www.acorde.or.cr/

Evidence of Impact

O
This organization has provided financial support to micro, small, and medium-size enterprises in Costa Rica for over 20 years. Its portfolio of loans has steadily increased every year since it began developing programs. Many micro-companies have grown and developed under ACORDE´s support and became regular customers of the banking system.

Organizational Strengths

O
They have been very innovative regarding the portfolio of products offered to customers. They include lines of credit, leasing, receivables discount, regular loans, etc.

Areas for Improvement

O
They should expand geographically. They also need to make some agreement with formal banks in order to offer real-time deposits and checking accounts.
ADRA Ghana (1 recommendation) They work on poverty reduction through access to finances for economic activities and education. They have loans to help self-employed people expand business, and deal with many very small scale traders to change their lives. ADRA has created a client awards system that has increased clients' confidence and ability to access credit that they can repay easily.
ADRA Ghana

http://www.adraghana.org/site/

Evidence of Impact

N
They work on poverty reduction through access to finances for economic activities and education. They have loans to help self-employed people expand business, and deal with many very small scale traders to change their lives. ADRA has created a client awards system that has increased clients' confidence and ability to access credit that they can repay easily.

Organizational Strengths

N
They have strong operations, leadership, and staff.

Areas for Improvement

N
They could use training in client protection and fair pricing.
APED (1 recommendation) APED helps support businesses that are not doing well to grow, and also supports farmer-based groups.
APED

Evidence of Impact

N
APED helps support businesses that are not doing well to grow, and also supports farmer-based groups.

Organizational Strengths

N
They have strong leadership and staff.

Areas for Improvement

N
They should continue training in the area of new developments in micro-finance, such as Social Performance Management. They should also improve reporting standards.
AREGAK (1 recommendation) They are a socially respectable organization, with a country-wide network and deep outreach.
AREGAK

http://www.aregak.am/

Evidence of Impact

N
They are a socially respectable organization, with a country-wide network and deep outreach.

Organizational Strengths

N
They have very motivated staff with strong leadership. They also have cost-effective operations and a strong market position.

Areas for Improvement

N
They need to diversify financial products, and they need to improve internal control mechanisms.
Action Soliderische Welt (1 recommendation) This organization has been supporting low income groups for the past 40 years.
Action Soliderische Welt

http://www.aswnet.de/

Evidence of Impact

N
This organization has been supporting low income groups for the past 40 years.

Organizational Strengths

N
They are engender the general public to support small organizations working with low income families. They provide small funding to NGOs.

Areas for Improvement

N
It collaborates with high impact nonprofits with its good contacts with small NGOs. Working with a nonprofit approach, this organization may create a good impact among donors and implement NGOs.
Acumen Fund (1 recommendation) The data they have on the number of jobs their work has created is very impressive, as is the number of enterprises created. The enterprises continue to operate, supported by Accumen over a period of years, so that measurable growth can be ascertained.
Acumen Fund
Silver-small

http://www.acumenfund.org/ten/

Evidence of Impact

O
The data they have on the number of jobs their work has created is very impressive, as is the number of enterprises created. The enterprises continue to operate, supported by Accumen over a period of years, so that measurable growth can be ascertained.

Organizational Strengths

O
They provide excellent support to make sure the enterprise gets off the ground and continues operating. The support is both highly technical and financial. Another organizational strength is the good use they make of local labor forces.

Areas for Improvement

O
Local business people could be more fully involved in management and be better integrated into the decision making process. They could also more effectively outreach to women who are frequently excluded from the decision making process due to local cultural biases.
Adra Peru (1 recommendation) They are working on gender equality and women empowerment.
Adra Peru

http://www.adra.org.pe/es/web/secciones/index.php

Evidence of Impact

N
They are working on gender equality and women empowerment.

Organizational Strengths

N
They have great leadership and staff. Another strength is their solid financial results.

Areas for Improvement

N
They would benefit from the development of new products and should improve internal controls.
Ajiwika (1 recommendation) They are working in an un-served region and are able to mobilize mainstream resources to provide micro-finance services.
Ajiwika

Evidence of Impact

O
They are working in an un-served region and are able to mobilize mainstream resources to provide micro-finance services.

Organizational Strengths

O
They have an exemplary leader.

Areas for Improvement

O
They need to build organizational capacity to expand their work in the other regions, based on their design.
Akhuwat (1 recommendation) Their impact is meeting many clients in 'the field', and long term acquaintance with the institution and its staff.
Akhuwat

http://www.akhuwat.org.pk/

Evidence of Impact

R
Their impact is meeting many clients in 'the field', and long term acquaintance with the institution and its staff.

Organizational Strengths

R
Akhuwat is a one of a kind leader in micro-finance, funded wholly (and sufficiently) by voluntary donations from well-wishers and from clients themselves, and proving the merits of Islamic principles.

Areas for Improvement

R
The organization could grow even faster by sharing its unique shariah-compliant methods within Pakistan and beyond.
Al Tadamun (1 recommendation) They are serving about 100,000 poor women in greater Cairo. Many of them have been with the program for many years and received several loans. The impact on their lives, families, and businesses is so clear.
Al Tadamun

http://www.altadamun.org/index.html

Evidence of Impact

O
They are serving about 100,000 poor women in greater Cairo. Many of them have been with the program for many years and received several loans. The impact on their lives, families, and businesses is so clear.

Organizational Strengths

O
They have a strong leadership, although they are young women. They have managed to build a unique institution with a commitment and vision. The Chairperson has a great ability to mobilize financial support for the foundation.

Areas for Improvement

O
They would benefit from product diversification. They should introduce the individual loan beside the group loan they have now. They should also expand to other governorates in Egypt and become a national organization.
Al Watania (1 recommendation) They are delivering micro-finance services to micro-entrepreneurs in Yemen.
Al Watania

Evidence of Impact

N
They are delivering micro-finance services to micro-entrepreneurs in Yemen.

Organizational Strengths

N
They are serving a good number of clients every year.

Areas for Improvement

N
They need to do more support around achieving wider outreach and attaining sustainability with their grantees.
Alalay sa Kaunlaran (ASKI) (1 recommendation) They have a broad range of services for various sectors of the Philippines. They work with overseas Filipino workers, indigenous people, and poor micro-entrepreneurs.
Alalay sa Kaunlaran (ASKI)

http://www.aski.com.ph/

Evidence of Impact

N
They have a broad range of services for various sectors of the Philippines. They work with overseas Filipino workers, indigenous people, and poor micro-entrepreneurs.

Organizational Strengths

N
They have competent leadership and a great marketing team.

Areas for Improvement

N
They need to bring in more services for environmental conservation.
Alexandria Business Association (1 recommendation) They have both financial and social impacts. ABA was a leader in micro-finance in the Arab region and was able to go through this difficult period in the Arab world without losing its portfolio or changing its mission.
Alexandria Business Association

http://www.aba-sme.com/

Evidence of Impact

O
They have both financial and social impacts. ABA was a leader in micro-finance in the Arab region and was able to go through this difficult period in the Arab world without losing its portfolio or changing its mission.

Organizational Strengths

O
ABA management was part of many sharing experiences in the Arab region. The micro-finance institution tried and succeeded in developing new products and new delivery mechanisms.

Areas for Improvement

O
I think ABA will profit a lot from getting commercial money in the near future. So far, the institution was very successful in fundraising, but mostly from Egypt.
Alwatani (1 recommendation) Though they were among the latest micro-finance institutions to enter the market (2006), they managed to become # 3 in terms of size, and # 1 in terms of efficiency. This has allowed them to serve 35,000 active borrowers; most of them are women and make a difference in their lives.
Alwatani

http://www.nmb.com.jo/

Evidence of Impact

O
Though they were among the latest micro-finance institutions to enter the market (2006), they managed to become # 3 in terms of size, and # 1 in terms of efficiency. This has allowed them to serve 35,000 active borrowers; most of them are women and make a difference in their lives.

Organizational Strengths

O
They have strong leadership. Their director is among the main figures in the region in the micro-finance sector. They also have strong innovation. They were the first to introduce a real health insurance product to their clients in partnership with an insurance company.

Areas for Improvement

O
They need a new business plan rather than only projections. They also need a better growth rate.
Annapurna Mahila Mandal (1 recommendation) They have linked their micro-finance to a mutual health insurance model.
Annapurna Mahila Mandal

http://www.annapurnapariwar.org/

Evidence of Impact

R
They have linked their micro-finance to a mutual health insurance model.

Organizational Strengths

R
They have strong leadership and operations.

Areas for Improvement

R
They need to link health aspects, such as preventive healthcare, to their health insurance portfolio.
Arohan (1 recommendation) They are well organized. They are also outside Andhre Pradesh.
Arohan

http://www.arohan.in/

Organizational Strengths

R
They are well organized. They are also outside Andhre Pradesh.

Areas for Improvement

R
They need to stabilize their finances.
BURO Bangladesh (1 recommendation) This is one of the top ranking micro-finance institutions, and has the ability to serve a huge number of clients.
BURO Bangladesh

http://www.burobd.org/

Evidence of Impact

N
This is one of the top ranking micro-finance institutions, and has the ability to serve a huge number of clients.

Organizational Strengths

N
The CEO of the organization is very open minded and the staff is very experienced.

Areas for Improvement

N
The organization may want to introduce software in their day-to-day operations at the branch level.
Business Outreach Center (BOC) (1 recommendation) They are making a lot of loans in New York City, particularly in Brooklyn and Queens.
Business Outreach Center (BOC)

http://www.bocnet.org/boc/home.asp

Evidence of Impact

N
They are making a lot of loans in New York City, particularly in Brooklyn and Queens.

Organizational Strengths

N
They have strong finances, great leadership, and they aggressively seek money from governmental sources.

Areas for Improvement

N
I think the organization is relying too much on metrics instead of personal evaluations of loan applicants based on community experience. Although this speeds the evaluative process and widens the geographic reach, it dissipates impacts in specific neighborhoods.
CARD (1 recommendation) They are striving to create holistic solutions for the poor, and tracking client poverty levels over time through the PPI.
CARD

Evidence of Impact

N
They are striving to create holistic solutions for the poor, and tracking client poverty levels over time through the PPI.

Organizational Strengths

N
Their strengths are vision at the leadership level, capable staff, and a willingness to innovate and take risks.

Areas for Improvement

N
They should focus on even poorer, more rural clients.
CARD-MRI (1 recommendation) This organization is a national nonprofit micro-finance institution in the Philippines that goes deep and wide in client outreach. It has 1.2 million poor women as clients.
CARD-MRI

http://cardbankph.com/wp_cardbankph/home.php

Evidence of Impact

N
This organization is a national nonprofit micro-finance institution in the Philippines that goes deep and wide in client outreach. It has 1.2 million poor women as clients.

Organizational Strengths

N
CARD is a recipient of the RAMON MAGSAYSAY award, and was the only micro-finance institution in the Philippines to receive the award. They are serving the poorest among the poor women in the Philippines.

Areas for Improvement

N
This organization needs to expand its products and services to areas of agriculture, health, and catastrophe insurance.
Cashpor (1 recommendation) They have reached a large number of very poor people in a particularly poor part of India. They have achieved high repayment rates. The founder and CEO is very dedicated to ensuring positive impact on clients.
Cashpor

http://www.cashpor.in/

Evidence of Impact

N
They have reached a large number of very poor people in a particularly poor part of India. They have achieved high repayment rates. The founder and CEO is very dedicated to ensuring positive impact on clients.

Organizational Strengths

N
They have a strong and very dedicated founder and CEO. They also have strong management and systems which have shown their strength as the organization has grown strongly over the years.
Catholic Relief Services (1 recommendation) They are a major player in the Savings Group movement. The organization has pioneered the practice of having villagers pay for services.
Catholic Relief Services
Silver-small

http://www.crs.org/

Evidence of Impact

N
They are a major player in the Savings Group movement. The organization has pioneered the practice of having villagers pay for services.

Organizational Strengths

N
They have good leadership.
Cedi Finance Foundation (1 recommendation) They serve low-income groups to help change their lives for the better. They help improve businesses and clients' income.
Cedi Finance Foundation

Evidence of Impact

N
They serve low-income groups to help change their lives for the better. They help improve businesses and clients' income.

Organizational Strengths

N
They have strong leadership and staff operations.

Areas for Improvement

N
Social Performance Management should be adopted and client protection education should be encouraged.
Center For Rural Entrepreneurship (1 recommendation) The Center for Rural Entrepreneurship has been one of the few organizations to focus on entrepreneurship development as a necessary component of rural economic development. They've produced numerous publications and programs positing that entrepreneurship may be the most promising economic development and community revitalization strategy for rural places. The organization has also supported the theory that an entrepreneurial environment requires culture change, instilling a “growing our own” mentality in rural regions across the country. Finally, they have demonstrated that entrepreneurship development requires a systems approach, a collaborative, often regional approach of “connecting the dots”.
Center For Rural Entrepreneurship

http://www.energizingentrepreneurs.org/

Evidence of Impact

N
The Center for Rural Entrepreneurship has been one of the few organizations to focus on entrepreneurship development as a necessary component of rural economic development. They've produced numerous publications and programs positing that entrepreneurship may be the most promising economic development and community revitalization strategy for rural places. The organization has also supported the theory that an entrepreneurial environment requires culture change, instilling a “growing our own” mentality in rural regions across the country. Finally, they have demonstrated that entrepreneurship development requires a systems approach, a collaborative, often regional approach of “connecting the dots”.

Organizational Strengths

N
The Center for Rural Entrepreneurship has led the field of rural community wealth development. For the past 10 years, the Center for Rural Entrepreneurship has worked to understand the promise that entrepreneur-focused economic development can offer rural communities and regions across the country and to share this understanding through a range of research, outreach and policy-related activities. The Center uses this experience to make it clear how entrepreneurs contribute to wealth creation and their role in the wealth pipeline from building individual, family, and business assets, to creating community wealth.
Centre for Micro Finance (CMF) (1 recommendation) This is the world's leading organization in supporting impact evaluation in micro-finance. The most influential study on the topic to date (Banerjee, Duflo, and Kinnan) was funded by CMF.
Centre for Micro Finance (CMF)

http://ifmr.ac.in/cmf/about.html

Evidence of Impact

R
This is the world's leading organization in supporting impact evaluation in micro-finance. The most influential study on the topic to date (Banerjee, Duflo, and Kinnan) was funded by CMF.

Organizational Strengths

R
They are deeply involved in the micro-finance space in India, serving as formal and informal consultants to micro-finance institutions and working with the government and international agencies to promote effective micro-finance models.

Areas for Improvement

R
They could do a better job disseminating information about their work outside of India. They could also work with the government more.
Christian Service Society India (1 recommendation) Christian Service Society's loans to rickshaw drivers enable them to purchase the rickshaws rather than rent them. The monthly payments are affordable, and owning the rickshaw enables the micro-entrepreneurs to earn more money. The organization is sustainable and uses its profits to fund two orphanages.
Christian Service Society India

http://cssindia.org/noticeNewProgramDirector.html

Evidence of Impact

F
Christian Service Society's loans to rickshaw drivers enable them to purchase the rickshaws rather than rent them. The monthly payments are affordable, and owning the rickshaw enables the micro-entrepreneurs to earn more money. The organization is sustainable and uses its profits to fund two orphanages.

Organizational Strengths

F
Their leadership is very committed to making a social impact. They peruse a mission more than a business, but still operate sustainably.

Areas for Improvement

F
They could be larger and reach a scale that would enable them to borrow funds rather than seek grant funding for their loan fund. Communication with English speaking funders could be stronger.
Cooperative Development Foundation (CDF) (1 recommendation) The organization has excellent volunteers as leaders and committed staff.
Cooperative Development Foundation (CDF)

http://www.cdf.coop/

Organizational Strengths

O
The organization has excellent volunteers as leaders and committed staff.

Areas for Improvement

O
The leadership and staff members need to enhance their knowledge base and acquire effective training skills.
CrediMUJER (1 recommendation) They are strong at gender equality and women empowerment. They achieve solid financial results.
CrediMUJER

http://www.manuela.org.pe/credimujer/

Evidence of Impact

N
They are strong at gender equality and women empowerment. They achieve solid financial results.

Organizational Strengths

N
They have great leadership, committed staff, good operations, and strong financial results.

Areas for Improvement

N
They would benefit from more new product development, as well as improvement of internal controls.
DBACD (1 recommendation) They are serving more than 100,000 active borrowers in the governorate of Dakhalya in Egypt. Most of them are very poor women living in rural areas. Over the years a clear progress has been noticed on those women coming out of poverty. They also recently began using the PPI to measure progress out of poverty on their clients.
DBACD

http://www.dbacd-eg.org/

Evidence of Impact

O
They are serving more than 100,000 active borrowers in the governorate of Dakhalya in Egypt. Most of them are very poor women living in rural areas. Over the years a clear progress has been noticed on those women coming out of poverty. They also recently began using the PPI to measure progress out of poverty on their clients.

Organizational Strengths

O
They have strong leadership. Their Director is one of the main figures of the sector in the Arab World. He is currently the Chairperson of Sanabel, a micro-finance network of Arab countries. The organization is also transparent.

Areas for Improvement

O
They would benefit from a better growth rate and better liquidity management.
Diakonia FRIF (1 recommendation) Their impact is in outreach and accelerated growth without a deterioration in their financial indicators or a reduction of emphasis in their non-financial services.
Diakonia FRIF

Evidence of Impact

O
Their impact is in outreach and accelerated growth without a deterioration in their financial indicators or a reduction of emphasis in their non-financial services.

Organizational Strengths

O
I think that leadership is their main strength. The organization has created a sound and very committed atmosphere of work among the staff and the management.

Areas for Improvement

O
Their clients need other financial services. They can't live forever only with village banking type of loans. Savings, for one, is THE most important financial service that the poor require. Most nonprofits are not furnishing these services.
EDULEAP (1 recommendation) They are making a material difference in fostering small private schools using micro-finance and training to help them grow and develop. In places where government provided education is inadequate at best, these small vibrant private schools are thriving and highly effective in training up the next generation.
EDULEAP
Bronze-small

Evidence of Impact

N
They are making a material difference in fostering small private schools using micro-finance and training to help them grow and develop. In places where government provided education is inadequate at best, these small vibrant private schools are thriving and highly effective in training up the next generation.

Organizational Strengths

N
Their senior leader/founder is of the highest caliber. He has surrounded himself with an amazing and humble team in a very short period of time, and is serving a large number of schools and children. I can think of fewer things that could be more valuable than helping these schools grow, with their passionate teachers and administrators, and provide a quality education to the materially poor.

Areas for Improvement

N
Edify is still young and has room to grow in its consistency in systems and procedures. Providing additional training to schools would also be helpful.
Esperanza International (1 recommendation) Esperanza is very intentional about serving their clients in a variety of ways. They conduct excellent micro-finance and coordinate many free additional services, such as literacy training, computer training, health clinics, church-based services, etc. They are concerned with the whole person, and it shows in the success of their clients and their clients' commitment to Esperanza in return.
Esperanza International
Silver-small

http://esperanza.org/home/

Evidence of Impact

N
Esperanza is very intentional about serving their clients in a variety of ways. They conduct excellent micro-finance and coordinate many free additional services, such as literacy training, computer training, health clinics, church-based services, etc. They are concerned with the whole person, and it shows in the success of their clients and their clients' commitment to Esperanza in return.

Organizational Strengths

N
Esperanza has very strong, seasoned leadership. They also have good technology and systems. In addition, they have strong partnerships in the Dominican Republic, Haiti, and in the U.S.

Areas for Improvement

N
Esperanza needs to focus further on profitability so that it can serve even more people for the long term. In addition, they need to be careful to focus on a few areas and go deeper with those so that they do not get stretched too thin.
FBPMC (1 recommendation) Within the last few years FBPMC has become the leader of small and medium-sized enterprise (SME) loans in Morocco.
FBPMC

Evidence of Impact

O
Within the last few years FBPMC has become the leader of small and medium-sized enterprise (SME) loans in Morocco.

Organizational Strengths

O
The organization is managed in a very professional way. It is also profiting from its relation with La Banque Populaire.

Areas for Improvement

O
The institution should start preparing a new management team to take over most of the responsibilities.
FDL (1 recommendation) They have a strong management team and their product lines have improved by moving from overly diversified products to more focused ones. They also have strong planning, such as their multi-annual strategic plan.
FDL

http://www.fdl.org.ni/

Organizational Strengths

O
They have a strong management team and their product lines have improved by moving from overly diversified products to more focused ones. They also have strong planning, such as their multi-annual strategic plan.

Areas for Improvement

O
They need to complete the product streamlining process, both number and approval process.
FIELD at the Aspen Institute (1 recommendation) FIELD, a program of the Aspen Institute, plays a pre-eminent role in researching and documenting the U.S. micro-enterprise industry to provide knowledge that informs the field. Since its inception in 1998, FIELD has been one of the major leaders in the U.S. micro-enterprise industry through exploring innovation, evaluating new ideas, helping to build the industry's infrastructure, disseminating best practices to practitioners, and serving as a resource to donors interested in micro-enterprise.
FIELD at the Aspen Institute

http://fieldus.org/index.html

Evidence of Impact

N
FIELD, a program of the Aspen Institute, plays a pre-eminent role in researching and documenting the U.S. micro-enterprise industry to provide knowledge that informs the field. Since its inception in 1998, FIELD has been one of the major leaders in the U.S. micro-enterprise industry through exploring innovation, evaluating new ideas, helping to build the industry's infrastructure, disseminating best practices to practitioners, and serving as a resource to donors interested in micro-enterprise.

Organizational Strengths

N
FIELD has the great ability to provide a diversified set of products and services to the U.S. micro-enterprise sector, and at the same time be a steward of the knowledge of the field. This balance is their core strength. FIELD has engaged in a wide range of work over the years, including making targeted grants to practitioners and intermediaries working on important challenges within the industry; studying topical issues such as the informal economy, rural entrepreneurship, and sustainability; evaluating demonstrations; and collecting and analyzing data on the micro-enterprise field.
FONDECO (1 recommendation) Their impact can be seen in their rural coverage, diversity in financial services, and strategic alliances signed for better satisfaction of client needs.
FONDECO

http://www.fondeco.org/

Evidence of Impact

O
Their impact can be seen in their rural coverage, diversity in financial services, and strategic alliances signed for better satisfaction of client needs.

Organizational Strengths

O
Their strengths are staff, leadership, product development, and financial innovations.

Areas for Improvement

O
I recommend they find more financial resources for increasing their portfolio, improve on research and development, and find more financial resources for the opening of new agencies.
FUNDESER (1 recommendation) They have a strong management team. The fact that the focus is on solar and they operate in rural areas is also a strength. They have an ongoing process of product streamlining and have made hard choices and took losses when necessary. They are also very transparent.
FUNDESER

http://www.fundeser.org.ni/

Organizational Strengths

O
They have a strong management team. The fact that the focus is on solar and they operate in rural areas is also a strength. They have an ongoing process of product streamlining and have made hard choices and took losses when necessary. They are also very transparent.

Areas for Improvement

O
They should continue to support their streamlining of business processes and reducing the very extensive product line.
FUNDEVI (1 recommendation) Their strengths are staff, a solid organizational structure, and good planning.
FUNDEVI

http://www.fundevi.hn/

Organizational Strengths

O
Their strengths are staff, a solid organizational structure, and good planning.

Areas for Improvement

O
They could improve in almost all areas: training, credit technologies, risk management, evaluation, control, monitoring, and portfolio recovery.
Five Talents (1 recommendation) The leaders at Five Talents are committed to addressing spiritual, social, and physical poverty through pioneering literacy, health, and nutrition programs in some of the world's most devastated regions. For example, in the Republic of South Sudan, their programs are looking to empower the people of Sudan through their <i>Literacy and Financial Education program (LFEP)</i>. Also their leaders continue to drive a client-centered mission.
Five Talents
Silver-small

http://www.fivetalents.org/

Evidence of Impact

N
The leaders at Five Talents are committed to addressing spiritual, social, and physical poverty through pioneering literacy, health, and nutrition programs in some of the world's most devastated regions. For example, in the Republic of South Sudan, their programs are looking to empower the people of Sudan through their <i>Literacy and Financial Education program (LFEP)</i>. Also their leaders continue to drive a client-centered mission.

Organizational Strengths

N
They are championing the church partnership model through their savings programs and micro-finance program plus initiatives. By working with local churches, they can readily enter communities and determine needs.
Ford Foundation (1 recommendation) Their impact is challenge and performance.
Ford Foundation

http://www.fordfoundation.org/

Evidence of Impact

N
Their impact is challenge and performance.

Organizational Strengths

N
One strength is their statistics normalization support.

Areas for Improvement

N
They need to improve the contribution of the persons in charge at the micro-finance level of the sector, and improve the studies and analyses for the determination of needs and wants of the micro-finance actors.
Four Bands Community Fund (1 recommendation) Four Bands Community Fund is a Native Community Development Financial Institution (Native CDFI) that, since it was founded in 2000, has grown to be one of the highest impact and innovative Native CDFIs in the country. They are the leading organization on the Cheyenne River Indian Reservation in the areas of small business training and lending, entrepreneurship education, and financial literacy. Four Bands also provides services for youth, encouraging private business ownership and financial literacy at an early age. They are also a founding member of the South Dakota Indian Business Alliance.
Four Bands Community Fund

http://fourbands.org/

Evidence of Impact

N
Four Bands Community Fund is a Native Community Development Financial Institution (Native CDFI) that, since it was founded in 2000, has grown to be one of the highest impact and innovative Native CDFIs in the country. They are the leading organization on the Cheyenne River Indian Reservation in the areas of small business training and lending, entrepreneurship education, and financial literacy. Four Bands also provides services for youth, encouraging private business ownership and financial literacy at an early age. They are also a founding member of the South Dakota Indian Business Alliance.

Organizational Strengths

N
Four Bands' strength lies in its ability to make effective investments in the financial education and asset building of youth, adults, and families on the Cheyene River Sioux reservation. In the first 10 years of operations, Four Bands provided technical assistance and training services to 1,844 adults and 526 youth. Throughout five Reservation schools, 1,525 youth had financial literacy and entrepreneurship education integrated into their curriculums. Four Bands' comprehensive business development class was completed by 245 people. Loans totaling $2,252,440 helped create and expand 90 Native-owned businesses affecting more than 150 jobs. Four Bands has 86 active loans and 154 loans have been paid in full. Four bands has made successive loans to 44 individuals; 62 of these loans totaling $130,500 were awarded to help individuals repair their credit histories. The Four Bands Individual Development Account (IDA) matched savings program has committed more than $244,900 in savings match to 52 adults and 77 youth for asset-building goals - money to purchase or renovate a home, start or expand a business, or pursue further education. Using money from their IDA savings accounts, 28 families have gone on to buy or renovate homes, 28 are financing further education opportunities, and 7 have used the funds to open or grow their businesses. Within the communities of Dupree, Eagle Butte, Isabel, and Timber Lake, 18 businesses have participated in the Four Bands renovation program resulting in building upgrades and marketing assistance.

Areas for Improvement

N
Four Bands needs the support of the state and national government to close the digital divide and make improvements to their physical infrastructure; thereby ensuring the most optimal conditions for strong and healthy communities and economies on the reservation.
Global Partnerships (1 recommendation) GP has been able to raise significant funds for loans to micro-finance institutions in Latin America that are having social impact.
Global Partnerships
Silver-small

http://www.globalpartnerships.org/

Evidence of Impact

F
GP has been able to raise significant funds for loans to micro-finance institutions in Latin America that are having social impact.

Organizational Strengths

F
GP is a very business-like operation. Their due diligence is very thorough. They run their funds very well; payments are made on time and communication is good. So far, they have not lost any funds of investors and have paid the interest promised.

Areas for Improvement

F
They could attempt to measure social impact of their micro-finance institutions in addition to the financial measures. If they could attract large social investors to take the riskiest branches of their funds, they could raise more money from commercial investors.
Habitat for Humanity (1 recommendation) They are an international organization engaged in housing.
Habitat for Humanity

http://www.habitat.org/

Evidence of Impact

N
They are an international organization engaged in housing.

Organizational Strengths

N
They have strong governance and they care about the needs of the beneficiaries.
Hope International (1 recommendation) Hope International supports micro-finance institutions operating in very difficult, often post-conflict and post-disaster, areas.
Hope International
Silver-small

http://www.hopeinternational.org/site/PageServer

Evidence of Impact

N
Hope International supports micro-finance institutions operating in very difficult, often post-conflict and post-disaster, areas.

Organizational Strengths

N
They make an effort to work in countries where provision of micro-finance is limited.
Jamii Bora (1 recommendation) The evidence of impact in Jamii Bora is given by very concrete examples of lives that have changed in a sustainable way. Jamii Bora gives to its members the kind of service and support they need, and makes sure that the goal of taking them out of poverty is achieved, i.e., they stay out of poverty. They have developed a variety of products. They are very active in innovating services and products because they listen to the needs of their clients and they don’t follow a rigid model. The outcome and impact in their clients is what makes them create and innovate. You can see evidence of impact in the lives of almost every Jamii Bora member.
Jamii Bora

http://www.jamiibora.org/

Evidence of Impact

N
The evidence of impact in Jamii Bora is given by very concrete examples of lives that have changed in a sustainable way. Jamii Bora gives to its members the kind of service and support they need, and makes sure that the goal of taking them out of poverty is achieved, i.e., they stay out of poverty. They have developed a variety of products. They are very active in innovating services and products because they listen to the needs of their clients and they don’t follow a rigid model. The outcome and impact in their clients is what makes them create and innovate. You can see evidence of impact in the lives of almost every Jamii Bora member.

Organizational Strengths

N
The biggest strength of this institution is that the leadership of its CEO has a clear sense of team building. This quality is so strong that it has transcended not only to all the staff, but to Jamii Bora members, as well. They become leaders in their community or neighborhoods, becoming a powerful source helping the institution achieve the change they are committed to. They stand to their mission, they respond to what they say they do, and they are accountable for the results. Their client members can tell first-hand that it is possible to get out of poverty, and they gain self-confidence to stay away from it.

Areas for Improvement

N
A succession plan needs to be pushed forward. Jamii Bora's excellence and mission is very much linked to its CEO. It is critical that she works to “build up” the successor to make sure that there is continuity. Since they work with a population that is considered extremely risky for a loan (many “gurus” would say that they should stay on welfare), I think that they should create a “reserve fund” to handle defaults when it happens. Maybe this will help them reduce their interest rate.
Jembatan Harapan Bagsa (1 recommendation) They do a variety of social activities for the community.
Jembatan Harapan Bagsa

Evidence of Impact

N
They do a variety of social activities for the community.

Organizational Strengths

N
They have a strong leadership and staff.

Areas for Improvement

N
They need to expand their geographic area and do more to support clients.
Jigiyaso Ba (1 recommendation) This system serves female members who would not otherwise have access to financial services.
Jigiyaso Ba

Evidence of Impact

O
This system serves female members who would not otherwise have access to financial services.

Organizational Strengths

O
Jigiyaso Ba is a system of credit unions in which only women may borrow, but men and women can save. Interestingly, men are supportive of the system, deeming their money to be safer with women. Since leadership is elected from the local level, the system has engendered empowerment among women. Staff work very well with elected leaders.

Areas for Improvement

O
Growth and further outreach would allow more women to be served.
Juhudi Kilimo (1 recommendation) They have a deeply client-centered outreach. They are also persistent innovators, particularly with additional value-added services, client targeting, and outcome measurement.
Juhudi Kilimo

http://www.juhudikilimo.com/

Evidence of Impact

F
They have a deeply client-centered outreach. They are also persistent innovators, particularly with additional value-added services, client targeting, and outcome measurement.

Organizational Strengths

F
They have strong innovation. For example, they started using mobile phones to track client outcomes on the Progress out of Poverty Index.
KAMURJ (1 recommendation) They have work experience in the micro-finance industry of Armenia, loyal clients, and a deep outreach program.
KAMURJ

Evidence of Impact

N
They have work experience in the micro-finance industry of Armenia, loyal clients, and a deep outreach program.

Organizational Strengths

N
They have strong management and a motivated staff.

Areas for Improvement

N
I would advise them to monitor marketing innovations in the micro-finance industry for new ideas and strategies.
KOMIDA (1 recommendation) They have a commitment to the poor.
KOMIDA

Evidence of Impact

F
They have a commitment to the poor.

Organizational Strengths

F
They have strong leadership and staff.

Areas for Improvement

F
They could improve on their finances and marketing.
Kabalikat para sa Maunlad na Buhay (1 recommendation) They are one of the first micro-finance organizations to cater to the micro-enterprise needs of Muslims in Southern Philippines.
Kabalikat para sa Maunlad na Buhay

http://www.kmbi.org.ph/

Evidence of Impact

N
They are one of the first micro-finance organizations to cater to the micro-enterprise needs of Muslims in Southern Philippines.

Organizational Strengths

N
They have a strong leadership and competent staff.

Areas for Improvement

N
They should expand to also work for indigenous or tribal people in the South of the Philippines.
Kalighat Society for Development Facilitation (1 recommendation) The organization has helped communities improve their earnings by providing both finance and livelihood promotion services.
Kalighat Society for Development Facilitation

http://www.ksdfindia.org/about_us.html

Evidence of Impact

O
The organization has helped communities improve their earnings by providing both finance and livelihood promotion services.

Organizational Strengths

O
It is a woman led organization. The leader is a very dedicated, ethical, and humble person.

Areas for Improvement

O
The organization would require institutional support and development financing to build the capacity of the institution to serve their clients better.
Kasanyangan-Mindanao Foundation (1 recommendation) This organization is the only visible organization supporting the Basilan, Sulo, TAwi-TAwi and Zamboanga Peninsula. They have served 30,000 Christian and Muslim women.
Kasanyangan-Mindanao Foundation

Evidence of Impact

N
This organization is the only visible organization supporting the Basilan, Sulo, TAwi-TAwi and Zamboanga Peninsula. They have served 30,000 Christian and Muslim women.

Organizational Strengths

N
This organization is very effective, particularly in the conflict areas in Southern Philippines (Mindanao), such as the provinces of Basilan, Sulo, Tawi-Tawi (BASULTA). They are able to serve poor women and provide livelihood opportunities.

Areas for Improvement

N
It is important to improve the loan-able fund, as this product increases the credit limit to worthy clients and therefore requires additional funding support.
Lumni (1 recommendation) Lumni has assisted 2,000 college students from Chile, Colombia, Mexico and the United States through their social-investment funds. Each student is given a loan and commits to pay a fixed percentage of income for 120 months after graduation. After that time, regardless of the sum paid, the student is debt-free.
Lumni

http://www.lumni.net

Evidence of Impact

O
Lumni has assisted 2,000 college students from Chile, Colombia, Mexico and the United States through their social-investment funds. Each student is given a loan and commits to pay a fixed percentage of income for 120 months after graduation. After that time, regardless of the sum paid, the student is debt-free.

Organizational Strengths

O
They have a strong Board of Directors and an innovative impact investing idea.
Mennonite Economic Development Associates (MEDA) (1 recommendation) MEDA was one of the founding partners of MicroVest, and remains part of the Holding Company today. MEDA is a recognized leader of applying the best practice in financial services, market development, and investment development to address many issues of poverty. MEDA has also been working to help micro-finance partners develop deposit mobilizing programs and to transform into regulated banks. MEDA intends to be a leader in this area and help at least 300,000 poor entrepreneurs access a full range of financial products and services. In addition, MEDA has been a leader in youth entrepreneurship products and services, and has reached 150,000 disadvantaged youth globally.
Mennonite Economic Development Associates (MEDA)

http://www.meda.org/

Evidence of Impact

O
MEDA was one of the founding partners of MicroVest, and remains part of the Holding Company today. MEDA is a recognized leader of applying the best practice in financial services, market development, and investment development to address many issues of poverty. MEDA has also been working to help micro-finance partners develop deposit mobilizing programs and to transform into regulated banks. MEDA intends to be a leader in this area and help at least 300,000 poor entrepreneurs access a full range of financial products and services. In addition, MEDA has been a leader in youth entrepreneurship products and services, and has reached 150,000 disadvantaged youth globally.

Organizational Strengths

O
They have strong leadership and a strong Board of Directors. They also have a strong implementation of both business and socially conscious practices.
Micro Insurance Academy (1 recommendation) The only nonprofit I know that actually invests time, money and ingenuity to assist grassroots groups in the most challenging settings (areas of India, Nepal, Bangladesh and elsewhere) to launch and operate their health insurance. They have been successful in bringing such groups to amazing results, even as they refrain from drawing any benefits from their success.
Micro Insurance Academy

http://www.microinsuranceacademy.org/

Evidence of Impact

N
The only nonprofit I know that actually invests time, money and ingenuity to assist grassroots groups in the most challenging settings (areas of India, Nepal, Bangladesh and elsewhere) to launch and operate their health insurance. They have been successful in bringing such groups to amazing results, even as they refrain from drawing any benefits from their success.

Organizational Strengths

N
The organization engages in insurance literacy and complex financial transactions that are taking micro-finance beyond simple savings and small-scale credit. This, to many, is the new frontier of micro-finance. The capacity-building of MIA and its implementation process have been recognized as best in class by the insurance industry, peers in development, and by grassroots groups alike.

Areas for Improvement

N
In order for the organization to go to a larger scale, the cost of their interventions need to be reduced. Cost-per insured would also reduce with time, since they now front-load much of the cost.
MicroCredit Enterprises (1 recommendation) Using an innovative model, they are harnessing significant resources to bring to the sector. They are focused on a social mission and are willing to take lending risks that others are not.
MicroCredit Enterprises
Silver-small

http://www.mcenterprises.org/

Evidence of Impact

N
Using an innovative model, they are harnessing significant resources to bring to the sector. They are focused on a social mission and are willing to take lending risks that others are not.

Organizational Strengths

N
They are incredibly lean, and yet have a strong team with deep knowledge. They also push themselves to go into hard areas.

Areas for Improvement

N
They may have gotten complacent, and there is still room for more growth.
MicroEnsure (1 recommendation) MicroEnsure is one of the leaders and pioneers in micro-insurance. It does not have it all figured out yet, but some of its innovations in back office management, interfacing with re-insurance companies, client research and marketing, and models for sustainable health and weather-index insurance are making a real contribution. I would like to see their work go to scale.
MicroEnsure

http://www.microensure.com/

Evidence of Impact

N
MicroEnsure is one of the leaders and pioneers in micro-insurance. It does not have it all figured out yet, but some of its innovations in back office management, interfacing with re-insurance companies, client research and marketing, and models for sustainable health and weather-index insurance are making a real contribution. I would like to see their work go to scale.

Organizational Strengths

N
Richard Leftley is a true visionary, and he has some good people with him such as Steve Coffey (VP for strategic partnerships). I like the clarity around data analysis (focus on days till payout after a claim), and the client-focused product design.

Areas for Improvement

N
They are very committed to partnership. But many potential partnerships are not implemented despite lots of talks. Perhaps there is a way to alter the partnership model so more deals can be sealed. They innovated in Malawi by providing weather insurance through farmers' associations, but then that meant that they reached very few women. They could do more to incorporate a gender perspective and intentionally include women in their product design.
MicroFinance Transparency (1 recommendation) I appreciate their effort in bring transparency in the micro-finance industry globally by enabling an online common platform for micro-finance institutions to disclose their product and interest rate.
MicroFinance Transparency

http://www.mftransparency.org/

Evidence of Impact

N
I appreciate their effort in bring transparency in the micro-finance industry globally by enabling an online common platform for micro-finance institutions to disclose their product and interest rate.

Organizational Strengths

N
They have strong leadership and marketing.

Areas for Improvement

N
In addition to their current reporting, they should also report about market information like products, client segment, demand, and regulation aspects.
Microcredit Summit Campaign (1 recommendation) The Microcredit Summit Campaign, led by Sam Daley-Harris (with the support of Muhammad Yunus and John Hatch), has quite literally put micro-finance on the world stage, starting with the original Microcredit Summit in 1997, followed by regional and global summits in five-year cycles. These events rival UN conferences in their attendance, star power, and organization, but they are more effective in directing global action toward concrete goals. Most remarkable is that these conferences and all the work in between to build global support for micro-finance has been done on a financial shoe-string by a tiny NGO.
Microcredit Summit Campaign
Silver-small

http://www.microcreditsummit.org

Evidence of Impact

N
The Microcredit Summit Campaign, led by Sam Daley-Harris (with the support of Muhammad Yunus and John Hatch), has quite literally put micro-finance on the world stage, starting with the original Microcredit Summit in 1997, followed by regional and global summits in five-year cycles. These events rival UN conferences in their attendance, star power, and organization, but they are more effective in directing global action toward concrete goals. Most remarkable is that these conferences and all the work in between to build global support for micro-finance has been done on a financial shoe-string by a tiny NGO.

Organizational Strengths

N
In addition to its conferences, the MCS leader, Sam Daley-Harris, has deeply influenced the micro-finance world through his ardent advocacy and action by promoting integration of poverty measurement, health education, and services into micro-finance practice. In both cases, MCS has supported action that no one else was supporting, and it succeeded in helping these actors succeed on the world stage. The MCS capacity for communication and advocacy is remarkable for such a small organization.

Areas for Improvement

N
MCS is a tiny secretariat within the RESULTS Educational Fund. It is a very effective legislative advocacy organization, also founded and once led directly by Sam Daley-Harris. But Sam is retiring from this line of work, leaving MCS with a solid record of achievement, but an uncertain niche in the micro-finance for future work. MCS continues to operate on a shoe-string budget.
Musoni (1 recommendation) They have a unique no-cash methodology. They are totally mobile phone based, thus saving client and micro-finance institutions time.
Musoni

http://www.musoni.eu/

Evidence of Impact

R
They have a unique no-cash methodology. They are totally mobile phone based, thus saving client and micro-finance institutions time.

Organizational Strengths

R
They have a strong ability to expand the proven model elsewhere in Africa.

Areas for Improvement

R
They could Improve local management.
Norvik Credit (1 recommendation) They have a stable financial system and easy and comfortable cooperation with customers.
Norvik Credit

http://www.norvik.am/

Evidence of Impact

N
They have a stable financial system and easy and comfortable cooperation with customers.

Organizational Strengths

N
They have a strong market position in consumer lending and a strong management team.

Areas for Improvement

N
The organization needs to strengthen their market position in business lending.
One Acre Fund (1 recommendation) They substantially increase farmer incomes.
One Acre Fund
Silver-small

http://www.oneacrefund.org/

Evidence of Impact

N
They substantially increase farmer incomes.

Organizational Strengths

N
Their leader, Andrew Youn, is amazingly talented. He delivers excellent execution, scaling faster than anyone could imagine possible.

Areas for Improvement

N
They need to work on increasing the impact they have on farmers. They also need to figure out how they could become profitable instead of just break even.
PROMUC (1 recommendation) PROMUC's members have developed and implemented best practices and learnings across their organizations. The degree of consistency in practice and approaches within the consortium is important evidence of their impact. All the larger PROMUC members regularly receive both financial and social ratings, and generally perform well on both, in relation to their size and level of institutional development.
PROMUC

Evidence of Impact

N
PROMUC's members have developed and implemented best practices and learnings across their organizations. The degree of consistency in practice and approaches within the consortium is important evidence of their impact. All the larger PROMUC members regularly receive both financial and social ratings, and generally perform well on both, in relation to their size and level of institutional development.

Organizational Strengths

N
PROMUC is a network of micro-finance institutions that share common values. It is one of the best examples of a member-driven and executed learning agenda of any association I have worked with. Most networks depend on technical staff and leaders that more often than not end up acting as consultants to their members and promoting projects that give themselves a technical role. PROMUC, on the other hand, makes strategic use of external expertise, but successfully engages its own members to advance projects and learning.

Areas for Improvement

N
The technical capacity of PROMUC's staff is perhaps too limited. They would do well to hire at least one full-time technical advisor to help advise and coordinate member projects.
Piyeli (1 recommendation) They outreach to women who would not otherwise be served with financial products.
Piyeli

Evidence of Impact

O
They outreach to women who would not otherwise be served with financial products.

Organizational Strengths

O
Their staff is innovative and hard working. Also, the Director has been in this position for 10 years. She started with a very small 3 year old project and developed it into a viable, sustainable, institution.

Areas for Improvement

O
Piyelli should try to have more outreach in the rural areas. It should also test the use of mobile technology.
RIMANSI (1 recommendation) They have developed innovative micro-insurance products for the poor as a way to alleviate poverty. This is an important element as the poor could not afford to pay premiums like the commercial companies.
RIMANSI

http://rimansi.org/

Evidence of Impact

N
They have developed innovative micro-insurance products for the poor as a way to alleviate poverty. This is an important element as the poor could not afford to pay premiums like the commercial companies.

Organizational Strengths

N
This organization functions as a network of professionally managed mutual benefit associations that provides affordable, comprehensive, quality risk protection to millions of poor people in Asia and the Pacific. RIMANSI assisted its partner, Microfinance Institution, establish its own micro-insurance programs, especially the Mutual Benefit Association in the Philippines. It has a network of 13 duly-licensed Mutuals (MBAs) in the Philippines, with life insurance coverage benefiting 1.7 million clients as of Dec 2011. Due to its innovative approach, it has successfully piloted this program in neighboring countries (Vietnam, Cambodia, Indonesia and Fiji) with a client outreach of 500,000. This is important and this organization needs to continue the research in their development agenda for products that partner MBAs /clients would like to undertake. Similarly, policy advocacy support is required for lobbying with regulators in nearby countries where the micro-insurance policy for the poor has not been acted upon. Given this, the RIMANSI organization will continue to provide its services to millions of poor, and it will always be at the cutting edge of the micro-insurance industry and consistent with acceptable global practices.

Areas for Improvement

N
The next important step for this organization is to study agriculture, health, and pensions for the poor. Agriculture insurance for the poor farmer is needed as a food security mechanism, while health insurance is also equally important as this is a universal need. The micro-pension is also important. As the poor members of the Mutual are getting older, when they reach retirement / old age, the micro-pension will be the answer.
Rajasthan Shram Sarathi Association (1 recommendation) They have a strong staff and an understanding of poor migrant labor households.
Rajasthan Shram Sarathi Association

Organizational Strengths

O
They have a strong staff and an understanding of poor migrant labor households.

Areas for Improvement

O
They could improve their fundraising and knowledge management.
Renaissance Square Local Development Corporation (1 recommendation) They are very active in making loans in Lower Manhattan, and have a good reputation.
Renaissance Square Local Development Corporation

Evidence of Impact

N
They are very active in making loans in Lower Manhattan, and have a good reputation.

Organizational Strengths

N
Their strengths are stable finances, good operations, and good ties to their communities.
Root Capital (1 recommendation) They take the idea of financing and bring it to a different segment, Small and Medium Enterprises (SMEs), with a focus on agriculture. The organization is innovative and scales well.
Root Capital
Silver-small

http://www.rootcapital.org/

Evidence of Impact

N
They take the idea of financing and bring it to a different segment, Small and Medium Enterprises (SMEs), with a focus on agriculture. The organization is innovative and scales well.

Organizational Strengths

N
They have a strong leader and a unique model. Their board is strong too.

Areas for Improvement

N
They should promote their approach as a model for others to replicate.
SEEP Network (1 recommendation) The SEEP Network is actually a micro-finance/micro-enterprise (MF/ME) professional organization that supports a broad range of micro-finance issues. It has been extremely successful in bringing together MF/ME professionals to create and share innovations that focus on expanding and improving financial services to poor and vulnerable communities worldwide. The growth in membership and publications released is proof of both the quality of support to the sector and the value that organizations attach to being members. This makes innovations and the sharing of learning quicker and more effective.
SEEP Network

http://www.seepnetwork.org/

Evidence of Impact

N
The SEEP Network is actually a micro-finance/micro-enterprise (MF/ME) professional organization that supports a broad range of micro-finance issues. It has been extremely successful in bringing together MF/ME professionals to create and share innovations that focus on expanding and improving financial services to poor and vulnerable communities worldwide. The growth in membership and publications released is proof of both the quality of support to the sector and the value that organizations attach to being members. This makes innovations and the sharing of learning quicker and more effective.

Organizational Strengths

N
This organization is able to provide a forum for learning and knowledge sharing that is active and productive. They provide organizational leadership to bring together a broad range of professionals to work together and share. They work with organizations that would not likely share in a free manner otherwise. In other circumstances it might be seen as providing trade secrets that would eliminate an organization's competitive advantage in submitting funding proposals. They move much of the micro-finance agenda to a higher level and ensure that that best and the brightest can, and will, collaborate for the overall benefit of the poor and vulnerable populations intended to be served by micro-finance and micro-enterprise organizations.

Areas for Improvement

N
I would recommend that they work to better communicate who is responsible for which communities and practices. There seems to be too many changes around this and no information to keep people updated.
Sa-Dhan (1 recommendation) Sa-Dhan, as an association of micro-finance institutions in India, is able to provide a better direction to the sector for self-regulation. A large section of small and medium-sized micro-finance institutions follow Sa-Dhan guidelines for self-regulation.
Sa-Dhan

http://www.sa-dhan.net/

Evidence of Impact

N
Sa-Dhan, as an association of micro-finance institutions in India, is able to provide a better direction to the sector for self-regulation. A large section of small and medium-sized micro-finance institutions follow Sa-Dhan guidelines for self-regulation.

Organizational Strengths

N
Their strength is in their leadership in the sector in general, but specifically their policy advocacy work has the most merit.

Areas for Improvement

N
They should enhance their regional presence.
Sahavikasa (1 recommendation) Their basic achievement has been to bring more than 150,000 women into thrift cooperatives with the vast majority of members committed to regular savings. But far more impressive is the fact that no external capital is involved; the cooperatives rely entirely on member savings. Even more impressive is the skill and wisdom that the women and their elected leaders have shown. When they recognized that, in a relatively closed village economy, lending to one successful member might put another member out of business, they organized a dairy cooperative that today dominates the formal milk supply in Warangal, a large city in Andhra Pradesh.
Sahavikasa

http://www.cdf-sahavikasa.net/

Evidence of Impact

O
Their basic achievement has been to bring more than 150,000 women into thrift cooperatives with the vast majority of members committed to regular savings. But far more impressive is the fact that no external capital is involved; the cooperatives rely entirely on member savings. Even more impressive is the skill and wisdom that the women and their elected leaders have shown. When they recognized that, in a relatively closed village economy, lending to one successful member might put another member out of business, they organized a dairy cooperative that today dominates the formal milk supply in Warangal, a large city in Andhra Pradesh.

Organizational Strengths

O
The underlying strength of the organization is its philosophy, one that is based on a commitment to cooperation and to mutual self-reliance. In all their work with the women's thrift cooperatives, staff adhere strictly to Alinsky's Iron Rule: never, never do for anyone what they can do for themselves. This has resulted in two large, successful cooperative ventures that are not only financially self-reliant, but technically and managerially self-reliant.
Samhita Microfinance (1 recommendation) Samhita works in Madhya Pradesh, the deeply forested and tribal state in the heart of India. Madhya Pradesh is a sparsely populated state with many remote communities. The state has a population density of 236 per sq. km. (as compared to the national average of 368). Combined with the tough terrain they operate in, this makes it very expensive to serve the region, and calls for innovation in service delivery methodologies, product design, and use of technology, which Samhita has been successful with. The Samhita mission is to work with poor households only. The typical rural household served by Samhita lives in a mud hut, owns no land or livestock, and works as daily wage labor on the farms of landlords or construction projects. Samhita's micro-finance program exclusively serves the woman of the household.
Samhita Microfinance

http://samhita.co.in/

Evidence of Impact

O
Samhita works in Madhya Pradesh, the deeply forested and tribal state in the heart of India. Madhya Pradesh is a sparsely populated state with many remote communities. The state has a population density of 236 per sq. km. (as compared to the national average of 368). Combined with the tough terrain they operate in, this makes it very expensive to serve the region, and calls for innovation in service delivery methodologies, product design, and use of technology, which Samhita has been successful with. The Samhita mission is to work with poor households only. The typical rural household served by Samhita lives in a mud hut, owns no land or livestock, and works as daily wage labor on the farms of landlords or construction projects. Samhita's micro-finance program exclusively serves the woman of the household.

Organizational Strengths

O
They are doing very remote rural outreach in highly forested tribal areas.

Areas for Improvement

O
I would advise them to further other developmental initiatives and to increase funds for lending to the poor.
Seed Capital Development Fund (1 recommendation) SCDF was one of the founding partners of MicroVest, the first private micro-finance investment firm in the U.S. SCDF remains a partner of the Holding Company today.
Seed Capital Development Fund

http://www.seed-capital.org/

Evidence of Impact

O
SCDF was one of the founding partners of MicroVest, the first private micro-finance investment firm in the U.S. SCDF remains a partner of the Holding Company today.

Organizational Strengths

O
SCDF boasts a strong Board. In addition, Joe Iarocci (formerly Chief of Staff at CARE) has recently joined as a consultant to SCDF, and brings with him many years of experience. Mr. Iarocci is expanding SCDF to look at opportunities in education financing.
Shakti Foundation for Disadvantaged Women (1 recommendation) This organization works only with poor women, and the leader is a woman.
Shakti Foundation for Disadvantaged Women

http://www.sfdw.org/

Evidence of Impact

N
This organization works only with poor women, and the leader is a woman.

Organizational Strengths

N
All of its branches are computerized. They are also well-equipped and have a strong management.

Areas for Improvement

N
I recommend they expand their overall activities at the rural level for the poorest women.
Shramik Bharti (1 recommendation) While working in one of the "backward" regions in the country, the organization has successfully enabled the communities to explore sustainable livelihood opportunities.
Shramik Bharti

http://www.shramikbharti.org.in/

Evidence of Impact

O
While working in one of the "backward" regions in the country, the organization has successfully enabled the communities to explore sustainable livelihood opportunities.

Organizational Strengths

O
Its leadership and staff both are complimentary to each other.

Areas for Improvement

O
They would require further skill building and some form of corpus fund that would enable them to continue with their interventions during the period there are no funds.
Shroffs Foundation Trust (1 recommendation) Shroffs Foundation Trust actively works with tribes in remote Western India, touching their lives in various developmental facets, including micro-finance. They primarily link self-help groups to commercial banks. These are some of the most "backward" people in the country, sometimes not aligned to customs and the needs of civil society.
Shroffs Foundation Trust

http://www.shroffsfoundation.org/

Evidence of Impact

O
Shroffs Foundation Trust actively works with tribes in remote Western India, touching their lives in various developmental facets, including micro-finance. They primarily link self-help groups to commercial banks. These are some of the most "backward" people in the country, sometimes not aligned to customs and the needs of civil society.

Organizational Strengths

O
The staff are passionate and committed. They have a strong operational understanding of the area that they work in and the trust of the tribal groups.

Areas for Improvement

O
They could improve on their leadership. They also need to have their own micro-finance portfolio.
Sinapi Aba Trust (SAT) (1 recommendation) This group of micro-finance institutions has changed the lives of most of the people they serve and their communities. Sinapi has educational products that support deprived schools in rural communities and the evidence has shown their impacts. They have also helped a lot of businesses expand and make improvements in the lives of people. SINAPI is helping to equip deprived schools in rural communities and helping to improve the businesses of self-employed people.
Sinapi Aba Trust (SAT)

http://www.sinapiaba.com/

Evidence of Impact

N
This group of micro-finance institutions has changed the lives of most of the people they serve and their communities. Sinapi has educational products that support deprived schools in rural communities and the evidence has shown their impacts. They have also helped a lot of businesses expand and make improvements in the lives of people. SINAPI is helping to equip deprived schools in rural communities and helping to improve the businesses of self-employed people.

Organizational Strengths

N
Strong leadership cuts across, and quality of staff is also key.

Areas for Improvement

N
They would benefit from capacity building to help them appreciate the rend and dynamics of delivery services to the poor. They could also use training on how to do impact assessments on the clients they serve.
Sri Kshetra Dharmasthala Rural Development Project (SKDRDP) (1 recommendation) Through its programs, SKDRDP aims to help the needy. This can be seen through its various projects in sustainable farming, community development, improving the living environment, empowering the people, providing education, rehabilitation, and micro-finance.
Sri Kshetra Dharmasthala Rural Development Project (SKDRDP)

http://www.skdrdpindia.org/

Evidence of Impact

O
Through its programs, SKDRDP aims to help the needy. This can be seen through its various projects in sustainable farming, community development, improving the living environment, empowering the people, providing education, rehabilitation, and micro-finance.

Organizational Strengths

O
SKDRDP is presently working with 13,13,042 families. For their convenience, 1,18,918 self-help groups have been promoted. These members contribute loan margins, borrow money, share it among themselves, and repay at weekly intervals. The total loan margin available is Rs.304.05 crores so far. In order to meet the financial need of the members, SKDRDP has borrowed funds from commercial banks and disbursed it to the SHGs for onward lending to the members. During the current year, Rs. 951.51 crores were disbursed to a total of 1,12,000 SHGs. As of March 31, 2011 SKDRDP could show 64% growth in outstanding loans over the last year. The micro-finance outstanding loans went up from Rs. 662.00 crores as on March 31, 2010 to Rs. 1,025.85 crores during the year. Delinquency as on March 31, 2011 is Rs. 1.10 crores amounting to 0.01% of the outstanding. During the current year, SKDRDP borrowed Rs. 908.00 crores from commercial banks to sustain its micro-finance operations. In spite of increased financial costs, SKDRDP did not revise its lending rates which were maintained at 15% on reducing scales or 9% on flat basis for loans up to 3 years, which is far lower than what the market charges.

Areas for Improvement

O
The micro-finance program in the organization is strongest and additional funding could really help develop other initiatives.
TMSS (1 recommendation) They made expansions the in last couple of years and established themselves as the third largest micro-finance institution in Bangladesh.
TMSS

http://www.tmss-bd.org/

Evidence of Impact

N
They made expansions the in last couple of years and established themselves as the third largest micro-finance institution in Bangladesh.

Organizational Strengths

N
They have a strong leadership and diversified products.

Areas for Improvement

N
They need to work towards the betterment of their clients with training, health facilities, and education.
TSPI Development Corporation (1 recommendation) TSPI has a great holistic micro-enterprise program for the urban poor.
TSPI Development Corporation

http://tspi.org/

Evidence of Impact

N
TSPI has a great holistic micro-enterprise program for the urban poor.

Organizational Strengths

N
They have a competent and dedicated management team.

Areas for Improvement

N
Like many of the micro-finance institutions, they should have a program for environmental and cultural conservation.
Tamweelcom (1 recommendation) Tamweelcom is a leader in the Arab region for all new ideas and new products. It was always the first micro-finance institution to test new products and new delivery mechanisms. Socially and financially, the impact of Tamweelcom is impressive.
Tamweelcom

http://www.tamweelcom.org/

Evidence of Impact

O
Tamweelcom is a leader in the Arab region for all new ideas and new products. It was always the first micro-finance institution to test new products and new delivery mechanisms. Socially and financially, the impact of Tamweelcom is impressive.

Organizational Strengths

O
Tamweelcom was able to have many partnerships that helped it be more successful. Also, the Board of Directors is very supportive of all that the organization is achieving.

Areas for Improvement

O
I think Tamweelcom will benefit from working together with other micro-finance institutions in Jordan. They need more cooperation instead of competition.
Tanaoba Lais Manekat Foundation (1 recommendation) Their impact is in their client focus. They also outreach in the eastern part of Indonesia.
Tanaoba Lais Manekat Foundation

http://www.ytlm.org/

Evidence of Impact

F
Their impact is in their client focus. They also outreach in the eastern part of Indonesia.

Organizational Strengths

F
They have strong leadership and staff.

Areas for Improvement

F
They should improve their finances and marketing.
Taytay sa Kauswagan Incorporated (TSKI) (1 recommendation) They are making an impact in the lives of indigenous people, fishing people (the poorest sector in the Philippines), and poor entrepreneurs in the entire Visayas region of the Philippines. They provide micro-finance loans, business skills training, housing, and other basic services, such as the provision of potable water.
Taytay sa Kauswagan Incorporated (TSKI)

http://www.tski.com.ph/

Evidence of Impact

N
They are making an impact in the lives of indigenous people, fishing people (the poorest sector in the Philippines), and poor entrepreneurs in the entire Visayas region of the Philippines. They provide micro-finance loans, business skills training, housing, and other basic services, such as the provision of potable water.

Organizational Strengths

N
They have strong leadership. They are also one of the first few organizations that started micro-finance in the Philippines.

Areas for Improvement

N
They have to improve on including environmental conservation in its operations.
Ukrainian National Credit Union Association (1 recommendation) In the past 16 years UNASCCU has grown to a nationwide system serving nearly 1 million people with savings, credit, and insurance.
Ukrainian National Credit Union Association

http://www.uncua.com/Content/default.asp

Evidence of Impact

O
In the past 16 years UNASCCU has grown to a nationwide system serving nearly 1 million people with savings, credit, and insurance.

Organizational Strengths

O
Their leadership is strong and representative of their member organizations. Staff is led by a CEO who has been in place for some time. He has led the fight for legislation, enabling regulation and a unified system. And he’s done this while maintaining good staff and ensuring that the institution is financially viable.

Areas for Improvement

O
There are still some savings and credit unions which are outside of the UNASCU system. Efforts should be made to include them.
UpLift India Association (1 recommendation) Uplift has been combining credit, savings, and health insurance of its members very successfully. They are now in year 7 or 8 of operation, and have reached upward of 100,000 people. They are now starting to spread their activities to other geographies.
UpLift India Association

http://upliftindia.org/

Evidence of Impact

N
Uplift has been combining credit, savings, and health insurance of its members very successfully. They are now in year 7 or 8 of operation, and have reached upward of 100,000 people. They are now starting to spread their activities to other geographies.

Organizational Strengths

N
They have a committed staff. Also, they developed their own applications that can offer many productivity gains.

Areas for Improvement

N
They should also offer credit for consumption rather than only limiting it to production loans. They should also encourage more long-term savings, as most savings now are rather short-term.
Urwego Opportunity Bank (UOB) (1 recommendation)
Urwego Opportunity Bank (UOB)

http://www.uob.rw/
Village Hopecore International (1 recommendation) Their impact can be seen in the jobs created and rate of return on loans.
Village Hopecore International
Silver-small

http://villagehopecore.org/

Evidence of Impact

N
Their impact can be seen in the jobs created and rate of return on loans.

Organizational Strengths

N
They are well organized and have a good staff.

Areas for Improvement

N
They could improve their fundraising and strategic planning.
Wahana Krya Putri (1 recommendation) They are bringing about a good impact for each client's family and community.
Wahana Krya Putri

Evidence of Impact

N
They are bringing about a good impact for each client's family and community.

Organizational Strengths

N
They have a passion for the community and a passion to serve families.

Areas for Improvement

N
They should have more activity in micro-finance beside the social activity. They need to have a bigger target area and not just focus on small villages.
Women's Microfinance Initiative (1 recommendation) WMI conducts extensive ongoing surveys of its borrowers, analyzes the data collected each year, and publishes an annual Fact Books on its web site, which demonstrates the program's impact. Outcomes are quantified and presented clearly and concisely. WMI establishes baseline borrower demographics for new borrowers and compares them annually to determine if the outcomes are attributable to the loan program or if improved economic conditions have in fact lifted living standards for the general population. Local coordinators visit borrowers on a monthly basis and collect narrative data over a period of years which corroborates the high impact of the loan program on improving living standards. The data collected reveals that WMI has an immediate and significant impact on improving household living standards. The WMI program succeeds not just in boosting women out of poverty, but in keeping them out of poverty. It encourages not just income generation, but also savings and asset accumulation, which dramatically changes the financial paradigm and future opportunities for borrowers’ households.
Women's Microfinance Initiative
Gold-small

http://wmionline.org/

Evidence of Impact

O
WMI conducts extensive ongoing surveys of its borrowers, analyzes the data collected each year, and publishes an annual Fact Books on its web site, which demonstrates the program's impact. Outcomes are quantified and presented clearly and concisely. WMI establishes baseline borrower demographics for new borrowers and compares them annually to determine if the outcomes are attributable to the loan program or if improved economic conditions have in fact lifted living standards for the general population. Local coordinators visit borrowers on a monthly basis and collect narrative data over a period of years which corroborates the high impact of the loan program on improving living standards. The data collected reveals that WMI has an immediate and significant impact on improving household living standards. The WMI program succeeds not just in boosting women out of poverty, but in keeping them out of poverty. It encourages not just income generation, but also savings and asset accumulation, which dramatically changes the financial paradigm and future opportunities for borrowers’ households.

Organizational Strengths

O
WMI has a strong, innovative economic model that no other micro-finance organizations are using: forging bank partnerships to transition borrowers to conventional banking, the formal economy and financial autonomy. The progression to independent banking in a 36-month cycle is fully sustainable once initially funded, and continues in perpetuity to graduate experienced rural businesswomen into the formal economy at roughly the same rate as new loans are issued. Once a woman moves on to the Transition Fund, her loan funds are recycled to a first-time borrower. WMI utilizes existing village-level, woman-run CBOs to operate loan hubs at the village level, tapping into an extensive social capital network. WMI provides the basic format for the loan program and the local CBO partner is responsible for daily operations. The CBO groups have a long history as the backbone of rural African communities. Giving these networks the opportunity and responsibility for the loan program leverages a valuable existing asset. The WMI program successfully provides knowledge transfer through critical skills training and peer-to-peer mentoring. WMI is in many regards an organization without an organization – program operations are handled by strong CBO partners in the field, thus reducing U.S. overhead and expenses. Local staff is exceptionally well organized. U.S. leadership is extremely innovative.

Areas for Improvement

O
WMI has enormous demand for its services, and expansion plans should be clearly defined. It needs to promote itself to a wider audience.
World Relief (1 recommendation) By working with indigenous grassroots networks, like local churches, World Relief is meeting the needs of the most impoverished around the world with high-impact initiatives and micro-finance-plus programs.
World Relief
Silver-small

http://worldrelief.org

Evidence of Impact

N
By working with indigenous grassroots networks, like local churches, World Relief is meeting the needs of the most impoverished around the world with high-impact initiatives and micro-finance-plus programs.

Organizational Strengths

N
Some of World Relief's strengths include its technical expertise, which it provides to its programs and its partners, as well as its Enterprise Resource Planning (ERP) system for global management.

Areas for Improvement

N
Though an incredible organization, they could have more impact if it weren't "the best kept secret" in the world of relief development. World Relief could better market itself in the U.S. and create stronger partnerships.

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