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MicroRate is the first microfinance rating agency, dedicated to evaluating microfinance institutions (MFIs) and microfinance investment vehicles (MIVs) or microfinance investment funds. As the first microfinance rater, MicroRate has conducted over 650 microfinance institution evaluations. MicroRate has rated a wide range MFIs from microfinance banks to NGOs that fund microenterprises. The microfinance sector highly values MicroRate’s evaluations for their independent, objective analyses of MFIs and MIVs. MicroRate expertise includes: microfinance in Peru, microfinance in Morocco, and microfinance issues globally. MicroRate developed performance indicators for MFIs, conducted the first rating of a microfinance CDO (MIV), published reports such as the Technical Guide, Role Reversal and Cautious Resilience.