Microfinance Investment Assessment Tool (MIAT)


Planet Rating is pleased to announce the release of the Microfinance Investment Assessment Tool (MIAT) in the framework of the Southern African Microfinance Project (SAMP) funded by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and Finmark Trust.

Combining Planet Rating’s evaluation expertise and investors’ screening criteria, this self-assessment tool is designed to give MFIs an overall indication about their readiness for foreign investment as well as the areas for improvement to become more investable. It is also a first step for MFIs to get familiar with the requirements of comprehensive external due-diligence conducted by investors, rating agencies and technical assistance partners in mature MFIs.

Discover this new tool by clicking here.


Microfinance Transparent Pricing Supervision Handbook (TraPS)

The Microfinance Transparent Pricing Supervision (TraPS) Handbook is one of the outputs from the African Regulator Project. Developed jointly by Planet Rating and MFTransparency under the sponsorship of the Agence Française de Développement (AFD), this handbook is a culmination of the learning and knowledge that came out of from the African Microfinance Pricing Transparency Leadership Forums that were organized in Nairobi, Kenya in 2011 and 2013. While this resource was developed essentially to provide African policy makers with policy tools on pricing transparency issues, it gathers examples and best practices that are relevant to many microfinance markets. Download the French version here.

“MIMOSA 1.0: Microfinance Index for Market Outreach and Saturation”.

Planet Rating is very pleased to release the first volume of "MIMOSA" (Microfinance Index for Market Outreach and Saturation)", a publication supported by the PlaNet Finance Foundation, and written in collaboration with Daniel Rozas. 

This paper presents the first analysis of credit market capacity using the Global Findex dataset, a survey on the use of financial services in 148 countries, published in April 2012. Knowing where the upper limit for credit lies is critical for microfinance practitioners. Our goal is to improve access to financial services in the poorer segments of the world’s population while ensuring that MFI clients remain protected from the risks related to over-borrowing. In a context where the precise estimation of the market potential for microcredit has proven difficult, we are taking the opportunity offered by the Global Findex to study the overall formal credit market in a country as a first step to understanding the potential for microcredit specifically.

In addition to the paper, Planet Rating is also releasing the open-source data and calculation that constitute the model. To receive the Excel file, just send us an email to Do not hesitate to send us feedback at the same address. We will be happy to take it into account for future releases.

Introducing the Rating Guide

Planet Rating is proud to announce the release of the first volume of the Rating Guide. Focusing on Microfinance Institutional Ratings, this guide was put together by the Rating Initiative with contributions from all the specialized microfinance rating agencies, and concentrates on the differences between institutional ratings and other assessment, certification and rating products. You can register for the presentation of the Rating Guide that will be held in Luxembourg on November 14th by contacting us.

MFTransparency and Planet Rating announce transparent pricing data collection partnership to promote responsible microfinance

MicroFinance Transparency and Planet Rating have formed a strategic implementation partnership that will use their complementary strengths and expertise to collect and refresh microloan product pricing data and to promote pricing transparency within the microfinance sector. Read the full press release here.


Launch of the SMART GIRAFE Microfinance Institutional Rating

Created in 1999, Planet Rating’s proprietary GIRAFE rating methodology has been evolving together with the microfinance industry. Today, Planet Rating is pleased to announce the launch of the SMART GIRAFE methodology, its latest update. With this update, Institutional Ratings will continue to provide an opinion on the long term sustainability and creditworthiness of microfinance institutions (MFIs), but will now incorporate, in a single rating methodology, the financial, institutional, and social risks faced by MFIs.

Recent crises in several microfinance markets have shown that an MFI, more than any other financial institution, lives in symbiosis with its clients, and that in the long run client difficulties become the MFI’s difficulties. As Institutional Ratings provide an opinion on the long term institutional sustainability and creditworthiness of MFIs, Planet Rating decided, in coordination with other rating agencies specialized in microfinance, to update its Institutional Rating methodology to include an analysis of social risks (evaluation of client protection practices and alignment between stated social goals and practices), currently covered more closely in social ratings. According to a survey conducted in 2011 by OnValues, a vast majority of microfinance actors, including MFIs and major investors or asset managers, support the integration of social risks in the evaluation of MFIs’ long term sustainability and creditworthiness.

After a pre-launch phase that lasted until October 2012, all specialized microfinance rating agencies have officially launched this new approach to microfinance ratings. The pre-launch has been the occasion to communicate to investors and MFIs on the upcoming change with concrete examples of ratings that use the new methodology. Several MFIs have already gladly signed up to use this SMART GIRAFE rating methodology.

Download our latest rating reports

Microfinance Institutional Rating Smart GIRAFE
Social performance ratings
Interactive assessments

On-going missions

In February, our analysts are conducting missions regarding the following countries : Mali, Guatemala, Mozambique, Germany, Bulgaria, Romania, Mexico, Ethiopia, Senegal.