The MFI has been assigned a global rating of D. This rating underlines the existing structural weaknesses in the areas of governance, management and controls which handicapped ECLOF-P’s capacity to manage fast growth witnessed in the past few years. This rating also reflects weak operational and financial performance of ECLOF-P which continues to rely heavily on ECLOF-I support and funding. Areas for improvement include capacity building for the Board members, adoption of a market-relevant Strategic Plan, more efficient MIS, better application and compliance of lending procedures, formalization of internal controls and diversification of funding.
