OREANDA-NEWS. November 24, 2010. Representatives of MicroFinanza Rating (Italy) have visited Uzbekistan to assign social rating to Mikrokreditbank open joint-stock commercial bank.

Social indexes of microcredit activity are becoming more and more topical and demand for social rating is rapidly growing. MicroFinanza Rating agency experts have already conducted about 80 social ratings all over the world.

There is an interest to this product in Uzbekistan as well, and Mikrokreditbank is a pioneer in this issue. MicroFinanza Rating experts have already completed the analysis of the bank's financial activity, however the total assessment process is not over yet.

Social rating is external, trustworthy assessment of institutional potential of microfinance organizations (MFI) in practical implementation of their social mission and achievement of social purposes.

This rating gives objective conclusion on social indexes of organisation and gives an opportunity to compare specific MFI with other MFIs of the region or other part of the world.

Established in 2000, MicroFinanza Rating international rating agency is one of the most active and experienced rating agencies of microfinance industry of the world. MicroFinanza Rating experts have already implemented 480 projects in over 60 states of the world. With headquarters in Milan (Italy), the agency has a network of regional offices in Latin America, CIS, South-East Asia and Africa.