The Agence Française de Développement (AFD) funds the Responsible Microfinance Facility (RMF), which launched operations in January 2015 and is working to build capacity and improve practice in social performance management (SPM) in the Sub-Saharan Africa and Middle East North Africa regions. The Social Performance Task Force is managing the RMF, in collaboration with the Smart Campaign. One type of funding that the RMF offers is co-financing to financial service providers (FSPs) who would like get a Smart Campaign Client Protection Certification and/or have a social rating. See below for a description of these activities.
Deciding whether to do only a Smart Certification, only a social rating, or both
You may choose to apply only for a Smart Certification, only for a social rating, or both. RMF encourages you to read the descriptions of Smart Certification and social ratings below, to help inform your decision. Please note that, because most of the groundwork required to assess a financial institution’s client protection practices is done during a rating, it is substantially cheaper to obtain Smart Certification as an add-on module to a social rating, rather than for your institution to a do Smart Certification and a social rating at two separate times.