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Publication Detail
PR 2006-01: Rating Report for Ecumenical Church Foundation (ECLOF) - Philippines

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-Pís 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.

PinoyME Foundation
Authors Keywords
Lai, Minh Huy; Diop, El hadji; microfinance; microfinance institutions;
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Published in 2006 and available in the Planet Rating or can be downloaded as full text Downloaded 732 times since November 25, 2011