RIM launches website for microfinance industry

Washington, DC– The Risk management Initiative in Microfinance (RIM) today launched an official website for the microfinance industry. The website, www.riminitiative.org, will provide a dedicated virtual hub for the dissemination of risk management standards, information sharing, and industry cooperation.

RIM Director, Kevin Fryatt, said the website is an important step in bringing together like-minded organizations to share information about risk management. “As an industry initiative, RIM’s main focus is on the development of microfinance risk management standards, information sharing, and industry cooperation,” said Mr. Fryatt. “The website will provide a virtual platform where microfinance industry experience and knowledge in risk management can come together in a single location,” added Mr. Fryatt.

From its inception, the RIM website will provide information about the initiative and its current activities as well as providing avenues for industry actors with a vested interest in risk management to get involved. RIM’s web offering includes the development of its best practice Risk Management Graduation Model, a pathways-based, scalable risk management framework for microfinance institutions at different levels of development.

The Risk Management Graduation Model brings together decades of microfinance risk management experience into a risk management framework which can be adopted by microfinance institutions in an effort to standardize and develop their risk management capabilities. RIM’s Risk Management Graduation Model and its associated diagnostic tool will be made available to microfinance institutions globally as a free download.

For more information about RIM or the Risk Management Graduation Model, visit: www.riminitiative.org

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About RIM: RIM is a collaboration of organizations with a vested interest in raising the standards of risk management in the microfinance industry. RIM provides a platform for risk management standards development, information sharing, and industry cooperation. RIM’s founding members include: Appui au Développement Autonome (ADA), Calmeadow, Center for Financial Inclusion at Accion (CFI), Mennonite Economic Development Associates (MEDA), Microfinanza Srl, Oikocredit, and Triple Jump B.V.

For more information, visit www.riminitiative.org or contact RIM’s Director, Kevin Fryatt at info@riminitiative.org.

Download the Press Release

Webinar: Sneak Peek into Risk Management Graduation Model

This webinar provides information into the Risk management Initiative in Microfinance (RIM) and introduces the philosophies and motivations behind RIM’s Risk Management Graduation Model. It shows a sneak peek into what the Risk Management Graduation Model looks like in its current form, how it can be applied within an MFI, and the role it plays within the current microfinance risk management landscape. Lastly, it guides participants into an understanding of how to get involved with RIM.

Date: August 11, 2014

Presenters: Kevin Fryatt and Ligia Maria Castro Monge

If you missed our webinar, you can still view it live here.

Download the slides (PDF) from the webinar.

 

 

“Raising the bar in Microfinance Risk Management: Evaluating the Past and Creating New Visions for the Future”

Conference Presentation European Microfinance Week, Luxembourg, November 12 – 14, 2013

“Raising the bar in Microfinance Risk Management: Evaluating the Past and Creating New Visions for the Future”