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Sustainable Solutions for Microfinance: Measuring Social Performance in Latin America

Americas Society / Council of the Americas

December 4, 2012


(Image: Marcel Maia)

How significant has microfinance been in the realm of social and financial inclusion in Latin America? Measuring social performance is essential to not only empowering small business owners and enhancing their quality of life, but understanding the efficiency and long-term impact of microfinance institutions (MFIs) and assuring investor confidence in this sector throughout the region. MFIs have used various indicators to measure social performance in the past, and recent trends show the standardization of these indicators together with a range of tools to help MFIs measure and maximize these social returns. Organizations and leaders in the private sector have been implementing innovative and thorough assessments of social performance, aligning the social needs of clients with the business strategies under implementation. AS/COA will bring together experts in microfinance to discuss the importance of measuring the social impact of financial inclusion in Latin America.

Confirmed Panelists:

  • Micol Pistelli, Director of Social Performance, Microfinance Information Exchange (MIX) | Download the presentation
  • Jody Rasch, Senior Vice President, Social Performance Group, Moody’s Analytics
  • Rebecca Ruf, Manager, Network Engagement, Women’s World Banking
  • Carolina Velazco, Under-Director of International and Academia Relations, Grupo Compartamos

Registration Fee: $25.00 for AS** Members and COA Members; $40.00 for all other AS Members and Non-Members.

Prior registration is required.

**AS members starting at the $250 sustaining level.

Event Information: Contact Elana Hazghia at or 1-212-277-8376.
Press Inquiry: Contact Adriana La Rotta at or 1-212-277-8384.
Cancellation: Contact Juan Serrano-Badrena at, by 3:00 p.m. on Monday, December 3, 2012.

Note: Registration is not required to view the webcast. Please click on the link below at the time of the event.

Micol Pistelli

Director of Social Performance, Microfinance Information Exchange (MIX)

As the Director of Social Performance, Micol is responsible for leading the strategy of MIX’s social performance program, managing the team of social performance analysts, performing analysis and training stakeholders on MFIs’ social performance. She is also Secretary of the Board of the Social Performance Task Force, an organization whose mission is to engage microfinance stakeholders to develop, disseminate and promote standards and good practices for social performance management and reporting.

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Jody Rasch

Senior Vice President, Social Performance Group, Moody’s Analytics

Jody Rasch heads the Social Performance Group at  Moody’s Analytics working on projects including microfinance and social investing. He also serves on various  advisory board s including  the Global Impact Investing Rating Service (GIIRS) , Women’s World Banking’s Gender Performance Initiative, the SMART Campaign’s Certification Task Force and Grameen Foundation’s Social Performance Advisory Committee. Prior to this Mr.

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Rebecca Ruf

Manager, Network Engagement, Women’s World Banking

Rebecca Ruf is manager of network engagement at Women’s World Banking (WWB). In this role she supports the CMG team with the origination of new commercial funding and capital markets structures to increase the supply of local currency capital to WWB network members as well as the financial analysis and due diligence related to securing new capital.

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Carolina Velazco

Under-Director of International and Academia Relations at Grupo Compartamos

Carolina Velazco is under-director of international and academia relations at Grupo Compartamos, a listed company on the Mexican Stock Exchange focused on offering financial inclusion services to low income sectors.  As of now, Grupo Compartamos has six subsidiaries, three of which are microfinance institutions operating in Guatemala (Compartamos S.A.), Peru (Financiera CREAR), and Mexico (Compartamos Banco).  The Mexican subsidiary is the largest microfinance institution in Latin America.  The other subsidiaries are focused on  a banking correspondent network in Mexico (Yastás), a micro in

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