Banco ADOPEM maintains its financial rating at ALPHA PLUS (α+) with a Stable trend according to the report by MicroRate, achieving the top score in this rating and making it the only microfinance institution to attain this level. The bank’s Social Rating also remains at four and a half stars (4.5) with a Stable outlook, and its Social Result and Social Commitment are in the Excellent range.
These data come from MicroRate, the first rating agency dedicated to evaluating performance and risk in microfinance institutions (IMF). MicroRate, which also assesses the specialized funds known as Microfinance Investment Vehicles (MIV), considers that Banco ADOPEM has an excellent positioning in microcredits –and is leader in the sector–, and demonstrates best practices with a staff specializing in serving low-income entrepreneurs, a factor that has earned the bank the highest institutional rating.
“The outstanding stability and specialization of its staff is its greatest strength. Since its earliest beginnings as an NGO, it has been seen to play an active role in implementing practical improvements in microfinancing. This has led ADOPEM deservedly to be awarded MicroRate’s highest institutional rating” said the international ratings agency.
The ratings report notes that the credit institution is particularly outstanding for its excellent record in serving low-income women, by granting them loans for small amounts; and also for its institutional standards, with a strong focus and excellent social management.
It also highlights the far-reaching nature of its transactions, the tailoring of its products, and its broad geographical scope, along with the social-financial balance that underpins Banco Adopem’s excellent social results. The report says that “the corporate engagement with the staff is excellent” and praises the clarity of the mission and its internalization with the employees.