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CRISIL 2004-01: CRISIL's Microfinance Grading Report of TSPI Development Corporation

This microfinance grading report of 'TSPI Development Corporation, Philippines', prepared by CRISIL, assigns it a grade of mfR2, identifying the following: * Positives: o Long track record of over two decades in microfinance; o Superior governance practices; o Solid financial profile and superior accounting policies; o Good asset quality; o Robust systems, processes and controls; o High capability to scale-up and sustain. * Negatives: High operating expense ratio, member dropout ratio, working capital requirement, employee turnover. CRISIL's microfinance grading: * Is its current opinion on the ability of a microfinance institution (MFI) to conduct its operations in a scalable and sustainable manner; * Is assigned on an eight point scale, with mfR1 being the highest and mfR8 the lowest; * Is a measure of the overall performance of an MFI on a broad range of parameters under CRISI's MICROS framework, where MICROS stands for: Management, Institutional arrangement, Capital adequacy and asset quality, Resources and asset-liability management, Operational effectiveness, Scalability and sustainability. The report also provides a country profile of the Philippines that focuses on microfinance, describing its following: * Strengths: o Supportive government initiatives; o Successful transformation of MFIs into banks. * Weaknesses: o Lack of appropriate policy guidelines.

PinoyME Foundation
Authors Keywords
CRISIL; microfinance; microfinance institutions;
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Published in 2004 and available in the CRISIL or can be downloaded as full text Downloaded 6,082 times since November 25, 2011