Pure Genius: Bob Patillo of Gray Ghost Microfinance Fund Announces Co-investment with Omidyar Network and Gates Foundation into Rating Agency MicroRate to Begin Rating Microfinance Investment Funds

Microfinance funds, which invest in retail microfinance institutions (MFI’s), are in dire need of an objective ratings system. The Silicon Valley Microfinance Network’s event brought welcome news of a project to apply a set of standard performance indicators to microfinance investment vehicles.

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