Committed Institutions
“Our organization has reviewed the Client Protection Standards, and we commit to using them to improve our practices over time.”
Voices from the Pathway
Listen to leaders from financial service providers Enda Tamweel (Tunisia) and Fundación Paraguaya share their experiences using the Cerise+SPTF client protection standards to strengthen their operations, build loyalty, and create direct positive impact in their clients’ lives.
Certified Institutions
Below is a list of the institutions certified in alignment with the Cerise+SPTF Terms & Conditions for approved certification bodies, until March 31st, 2024. The maintenance of this list has since stopped.
All assessments, validations, certifications, ratings etc will be added to the “list of institutions on the CP Pathway” above.

Annapurna Finance
India
Certification Level: Gold
Certified by MFR
July 2022

AMK Microfinance
Cambodia
Certification Level: Gold
Certified by M-CRIL
July 2023

Amret Microfinance
Cambodia
Certification Level: Gold
Certified by M-CRIL
February 2023

Acceso Credito
Peru
Certification Level: Gold
Certified by MFR
July 2023

Arnur Credit
Kazakhstan
Certification Level: Gold
Certified by MFR
October 2023

Apoyo Integral SA
El Salvador
Certification Level: Gold
Certified by MicroRate
October 2023

Bina Artha Ventura
Indonesia
Certification Level: Bronze
Certified by MFR
August 2023

Banco Popular
Honduras
Certification Level: Gold
Certified by MFR
December 2023

Belstar
India
Certification Level: Gold
Certified by MFR
January 2022

Banco Pichincha
Ecuador
Certification Level: Gold
Certified by MicroRate
November 2022

Bayport Financial Services
Mozambique
Certification Level: Bronze
Certified by MFR
July 2022

Bayport Financial Services
Zambia
Certification Level: Gold
Certified by MFR
May 2023

Banco Solidario
Ecuador
Certification Level: Gold
Certified by MFR
July 2023

Bailyk Finance
Kyrgyz Republic
Certification Level: Gold
Certified by MFR
Feb 2022

COAC 4 de Octubre
Ecuador
Certification Level: Gold
Certified by MFR
November 2022

Caja Municipal de Ahorro y Crédito de ICA
Peru
Certification Level: Gold
Certified by MFR
September 2023

COOPERATIVA DE AHORRO
Y CRÉDITO CÁMARA DE
COMERCIO DE AMBATO LTDA
(CCCA)
Ecuador
Certification Level: Silver
Certified by MFR
October 2021

Cashpor Micro Credit
India
Certification Level: Gold
Certified by MFR
March 2023

Chaitanya India Fin Credit Pvt. Ltd.
India
Certification Level: Gold
Certified by M-CRIL
July 2023

Cooperativa de Ahorro y Crédito Cooprogreso Ltda
Ecuador
Certification Level: Gold
Certified by MFR
December 2023

FINCA Kosovo
Kosovo
Certification Level: Gold
Certified by MFR
March 2023

FINCA Kyrgyzstan
Kyrgyzstan
Certification Level: Gold
Certified by MFR
July 2023

Fundacion Espoir
Ecuador
Certification Level: Gold
Certified by MFR
August 2022

FINCA Jordan
Jordan
Certification Level: Gold
Certified by MFR
December 2023

FUNDENUSE
Nicaragua
Certification Level: Gold
Certified by MFR
September 2021

Fusion Microfinance
India
Certification Level: Gold
Certified by M-CRIL
July 2022

FINAMIGA
Colombia
Certification Level: Gold
Certified by MFR
December 2021

FINSOCIAL
Colombia
Certification Level: Gold
Certified by MFR
January 2024

First Finance
Cambodia
Certification Level: Gold
Certified by M-CRIL
March 2022

Farm Credit Armenia
Armenia
Certification Level: Gold
Certified by MFR
April 2022

FINCA Guatemala
Guatemala
Certification Level: Gold
Certified by MFR
February 2023

OCN Microinvest SRL
Moldova
Certification Level: Gold
Certified by MFR
October 2023

MÁSKAPITAL
Mexico
Certification Level: Gold
Certified by MFR
September 2021

MIKROFIN
Bosnia and Herzegovina
Certification Level: Silver
Certified by MFR
October 2023

MAXIMA Microfinance Plc
Cambodia
Certification Level: Silver
Certified by MFR
November 2023

MiCrédito
Nicaragua
Certification Level: Silver
Certified by Inclusion SR
October 2021

SATIN CREDITCARE
NETWORK
LIMITED
India
Certification Level: Gold
Certified by MFR
January 2024

Sathapana Bank
Cambodia
Certification Level: Silver
Certified by M-CRIL
December 2022

Svasti Microfinance
India
Certification Level: Gold
Certified by MFR
March 2022

Sekerbank
Turkey
Certification Level: Gold
Certified by MFR
October 2023

Sejaya Micro Credit
Sri Lanka
Certification Level: Silver
Certified by M-CRIL
October 2023

Save Microfinance
India
Certification Level: Bronze
Certified by MFR
October 2023

SATYA Microcapital Ltd.
India
Certification Level: Gold
Certified by MFR
October 2023
A client protection (CP) certification is an independent and objective evaluation of the extent to which a financial service provider is implementing the policies and operational practices considered necessary to protect its clients from harm.
The Client protection certification framework is based on the Client Protection Standards. Within this framework, organizations can achieve one of three levels of certification: gold, silver, or bronze. Certifications are valid for three years.


Financial service provider attains a SILVER level by passing 100% of all entry & progress level indicators and ≥ 80% of total indicators
