Social Performance & Impact Ratings (SPIR) Announcement

Inclusion [Social Ratings] today released a newly assigned Social Performance & Impact Rating (SPIR) on AMC DE R.L. DE C.V. (AMC), a Savings and Loans Cooperative based in San Miguel, El Salvador.

AMC’s Social Mission is “We are a financial institution that provides specialized services for the micro and small business sector, self-employed and low-income employees nationwide, under a scheme of economic profitability and social responsibility, which guarantees their permanence, solidity, satisfaction of its customers, employees and partners”.

Inclusion [Social Ratings] assigned AMC an SPIR rating grade of SPIR3, following on-site due diligence of the organization’s operations and interviews with customers and staff. An SPIR3 rating indicates that an MFI’s infrastructure and processes are consistent with a good likelihood of operating in the best interests of its customers, that this is among its highest priorities and that it attempts to manage the risk of causing adverse effect to its customers and other stakeholders. An SPIR3 rating is consistent with an MFI that:

  • adheres to good practices on most of the key SPIR factors
  • demonstrates that it has adequate information systems, internal controls and procedures relating to the information provided for the SPIR;
  • maintains reasonable standards in terms of customer protection.

Inclusion [Social Ratings]’s SPIR on AMC is based on Inclusion [Social Ratings]’s Social Performance Rating Methodology. An SPIR measures social performance on a fifteen-point scale, in which SPIR1+ is the highest grade and SPIR5-, the lowest.

About Inclusion [Social Ratings]’s Social Performance & Impact Ratings

Inclusion [Social Ratings]’s SPIR is an independent analysis of the operations of a microfinance institution that helps stakeholders better understand how effective it is at translating its social mission into practice. Inclusion [Social Ratings] is recognized by the Social Performance Task Force (SPTF) as a social rating agency and is committed to supporting the mission of the SPTF by engaging with microfinance stakeholders to develop, disseminate and promote standards and good practices for social performance management and reporting, and by offering its SPIR, a comprehensive, global standard to measure social performance.

A full Rating Report is also available for download from our website here.

If you need further information on these ratings or about Inclusion [Social Ratings]’s other social performance ratings, please contact Santiago Arnaudin at