MicroRate is the first microfinance rating agency and remains dedicated to increasing transparency through independent evaluation of performance and risk in MFIs. Since its founding in 1997, MicroRate has conducted more MFI ratings throughout Latin America & the Caribbean, Africa and Europe, than any other organization. The institutions rated include many of the world's leading MFIs and span the entire spectrum of the microfinance industry, ranging from large banks to small NGOs.

MicroRate was also the first microfinance rating agency to be formally approved by the World Bank and CGAP. It adamantly remains independent and free from any ties that could jeopardize its objectivity. MicroRate is a wholly management-owned, private company, incorporated in Washington, D.C. (USA) where its headquarters are located. Its rating teams are based in Lima (Peru) and Casablanca (Morocco). Although a de-jure for-profit corporation, MicroRate’s goal, above profits, is to promote international development through transparency.