Risk Management Initiative in Microfinance (RIM), a platform that promotes adoption of risk management standards in microfinance, has announced the launch of its official website, which aims to provide a “hub for the dissemination of risk management standards, information sharing and industry cooperation” [1]. In addition to providing information and updates on RIM, the website will offer RIM’s Risk Management Graduation Model, a “pathways-based, best practices standard” for risk management, as a free download to microfinance institutions (MFIs). This model includes a diagnostic tool for assessing MFIs’ risk management capabilities and benchmark them against best practices. The tool also facilitates the development of a “Graduation Path” for improvement in the risk areas identified by the MFI.
The RIM website is available at http://www.riminitiative.org
By Nisha Koul, Research Associate
About Risk Management Initiative in Microfinance (RIM): Risk Management Initiative in Microfinance (RIM) was launched in 2013 by the following eight partners: Appui au Développement Autonome (ADA), a Luxembourg-based nonprofit organization; Calmeadow, a Canadian NGO; Center for Financial Inclusion (CFI), a branch of the US-based nonprofit Accion; Mennonite Economic Development Associates (MEDA), a Canada-based nonprofit; MFX Solutions, a US-based company that provides currency hedging solutions for microfinance institutions (MFIs); Microfinanzas Srl, an Italian microfinance consulting firm; Oikocredit, a Dutch cooperative investment fund; and Triple Jump, a Netherlands-based microfinance investment manager. RIM aims to promote the adoption of risk management standards in microfinance through vehicles including its Risk Management Graduation Model.
Sources and Additional Resources:
[1] Information provided by Risk Management Initiative in Microfinance (RIM) to MicroCapital, September 2014
MicroCapital, July 2014, Microfinance “Banana Skins” Risk Assessment; Effects of Microloans from Compartamos in Mexico; Youth Financial Inclusion Video
MicroCapital, April 2014, PlaNet Finance, China Microfinance Institution Association (CMIA) Seek to Strengthen Risk Management
MicroCapital, July 2013, Risk Management Initiative in Microfinance (RIM) Launched
MicroCapital Universe Profile, Risk Management Initiative in Microfinance
MicroCapital Universe Profile, MFX Solutions,
MicroCapital Universe Profile, Appui au Développement Autonome
MicroCapital Universe Profile, Center for Financial Inclusion
MicroCapital Universe Profile, Mennonite Economic Development Associates
MicroCapital Universe Profile, Oikocredit
MicroCapital Universe Profile, Triple Jump
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