ESAF Voice from the Field: A Palestinian MFI Achieves Top 5% Rating
Over the last ten years, Palestinian MFIs have faced operational challenges amidst multiple conflicts. But in 2011, FATEN was ranked in the top 5th percentile of MFIs globally, in spite of the difficult environment. This achievement did not come easily.
In 2006, FATEN had undergone its first evaluation with Planet Rating. It scored a "B-" with an “uncertain trend.” The score was a disappointment. The MFI needed to access commercial financing, and a strong rating was critical to success.
In 2011, FATEN underwent another rating and leaped in the rankings to A- placing FATEN alongside the top 5% of rated MFIs. What changed?
This ESAF "Voices from the Field" explains.