Using the Same Tape Measure: MicroRate To Launch Tool for Rating Microfinance Funds
by Bill Baue
"The rating tool, a project supported by Gray Ghost Microfinance Fund, Omidyar Network, and Gates Foundation, is yet another step toward establishing microfinance as a distinct asset class. SocialFunds.com -- Microfinance, which provides tiny loans to help people bootstrap out of poverty by running small (often one-person) businesses, took another step toward becoming a distinct asset class with the advent of a mechanism for objectively rating microfinance funds. MicroRate, an independent company that already rates microfinance institutions (MFIs), has been working to develop a microfinance fund-rating tool for several years. At a May 1 Silicon Valley Microfinance Network (SVMN) talk, Bob Patillo of the Gray Ghost Microfinance Fund (a $75 million microfinance "fund of funds") announced a project to support the MicroRate rating tool that is also backed by the Omidyar Network and the Gates Foundation."
http://www.socialfunds.com/news/article.cgi/2014.html
"The rating tool, a project supported by Gray Ghost Microfinance Fund, Omidyar Network, and Gates Foundation, is yet another step toward establishing microfinance as a distinct asset class. SocialFunds.com -- Microfinance, which provides tiny loans to help people bootstrap out of poverty by running small (often one-person) businesses, took another step toward becoming a distinct asset class with the advent of a mechanism for objectively rating microfinance funds. MicroRate, an independent company that already rates microfinance institutions (MFIs), has been working to develop a microfinance fund-rating tool for several years. At a May 1 Silicon Valley Microfinance Network (SVMN) talk, Bob Patillo of the Gray Ghost Microfinance Fund (a $75 million microfinance "fund of funds") announced a project to support the MicroRate rating tool that is also backed by the Omidyar Network and the Gates Foundation."
http://www.socialfunds.com/news/article.cgi/2014.html
posted by Katalysis at 2:56 PM
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