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Understanding the critical need to channel formal banking sector funds into the
microfinance space, in 1998 EDA promoted one of the first specialised independent
microfinance credit rating institutions, Micro-Credit Ratings International Ltd (M-CRIL). Having
assessed over 250 entities in 25 countries stretching from Russia to the Philippines,
M-CRIL is today the world leader in the rating of microfinance institutions.
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