Risk Management: Resource Guide

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Risk management Initiative in Microfinance (RIM)

The Risk management Initiative in Microfinance (RIM) was started in February 2013 through the collaboration of industry thought leaders focused on the design and use of risk management strategies to serve the microfinance sector. The mission of RIM is to contribute to the development of awareness, best practices, and appropriate standards for risk management in microfinance globally. RIM’s vision is to contribute to a socially-focused microfinance sector through which microfinance clients are protected from the impacts of internal and external risks inherent to the delivery of inclusive financial services.   RIM was developed by the industry and for the industry. Founding Members include:  Appui au Développement Autonome (ADA), Calmeadow, Center for Financial Inclusion at Accion (CFI), Mennonite Economic Development Associates (MEDA), MFX Solutions, Microfinanza Srl, Oikocredit, and Triple Jump.

IFC’s Global Risk Management Advisory Program

The objective of IFC’s Global Risk Management advisory program is to strengthen financial institutions’ risk management capacity and frameworks, loan portfolio monitoring, and nonperforming loan (NPL) management and workouts capacity, while supporting the development of emerging distressed asset markets.  Under resources, there are two regional advisory programs, the IFC Europe and Central Asia Advisory Program and the IFC South Asia Advisory Program. 


MicroSave is an international financial inclusion consulting firm operating for 15 years with ten offices around the world, eight of which are in developing countries. Their mission is to alleviate poverty through providing real insights to and enhancing the capacities of businesses across different industries that provide financial inclusion and other socio-economic development services and products. They provide institutional strengthening and capacity building on Risk Management and Control Systems with a number of tools to help institutions identify, analyze, assess, control, avoid, minimize, or eliminate unnecessary risks. 

Centre for the Study of Financial Innovation (CFSI)

The CSFI was founded in 1993 as a not-for-profit think tank based in London, United Kingdom. Its sponsors include many of the top institutional names in finance, as well as official organizations and professional firms. Its purpose is to provide an independent forum where financial practitioners and close observers of the business can share ideas and explore the road ahead, free from competitive constraints. The CSFI holds frequent meetings on issues of current interest and commissions regular research reports on financial themes. Through its extensive institutional and personal membership, it also provides avenues for networking and communication.  Their current work program is built around many topics, including risk management, identifying and managing emerging risks.  A flagship publication of CSFI’s is the yearly Microfinance Banana Skins survey and report.

Center for Financial Inclusion at Accion, Investing in Inclusive Finance

Through its Investing in Inclusive Finance program, the Center for Financial Inclusion explores the challenges and opportunities associated with the intersection of microfinance and commercial investment. These areas include strengthening microfinance governance, risk management, and fund management; creating instruments that foster healthy local capital markets; assisting MFIs with transformation strategies; and building capacity and support for MFIs to qualify for commercial investment and to work effectively with investors. The Investing in Inclusive program also manages the Running with Risk project, funded by Citi Foundation, which has currently produced three publications on risk management and risk governance with the input of various industry experts. 

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