The Responsible Inclusive Finance Facility for Central America and the Caribbean (RIFF-CAC)

The next deadline for submitting applications to RIFF-CAC is November 16th!

RIFF-CAC - “The Responsible Inclusive Finance Facility for Central America and the Caribbean” is managed by the Social Performance Task Force (SPTF) in coordination with Redcamif, the regional microfinance network for Central America and the Spanish-speaking Caribbean. The Facility seeks to strengthen the capacities and practices of inclusive financial services providers in the region through the following activities:

• Training: aimed at strengthening capacity in staff working in financial service providers (FSPs), microfinance networks, providers of technical assistance, and as consultants. Trainings are offered on a variety of topics pertaining to responsible and inclusive finance including:

o social performance management,
o client protection,
o social audit using the SPI4 tool, and
o frontier topics (e.g., social outcomes, green microfinance, digital financial services).

• Co-financing: offered for projects submitted by FSPs related to institutional evaluation and upgrade pojects, designed to improve an FSP’s practices and bring them in line with the Universal Standards for SPM. Institutional evaluations can include:

o SPI4 Plus – a social audit with accompanying action plan,
o Client protection assessment or Smart Certification,
o Social rating

• Upgrade projects: Fund the implementation of projects to:

o address the gaps in practice identified during the institutional assessments,
o bring the FSP’s practices in line with the Universal Standards for SPM, or
o offer specialized training for FSP staff in topics related to client-centered management.

• Resource development: creation of tools, research, case studies, or other resources, according to the demand from the region.

The RIFF-CAC will last for four years (2018-2021). SPTF manages the Facility’s operations and Redcamif coordinates implementation of the Facility’s activities in the region.

To read an overview of this initiative in Spanish click here.

Countries of Operation
The following countries are considered a priority: Nicaragua, Guatemala, Honduras, El Salvador, and Haiti. In addition, operations will take place in Mexico, Panama, Costa Rica, and the Dominican Republic as well as the English-speaking Caribbean.

RIFF-CAC Staff
RIFF-CAC Director – Cara S. Forster (SPTF)
RIFF-CAC Coordinator – Aracely Castillo (REDCAMIF)
Steering Committee: Laura Foose (SPTF), Alexandra Alvarado (CERISE), Anna Ruth Medina (Smart Campaign), Paula Cortez (ADA), Anna Kanze (Grassroots Capital Management)
For questions, please contact This email address is being protected from spambots. You need JavaScript enabled to view it.

Methodology
Those interested in participating in RIFF-CAC's activities must fill out an application for the activity they are interested in and send it by email to This email address is being protected from spambots. You need JavaScript enabled to view it.. Applications received will be evaluated by the RIFF-CAC Steering Committee on a quarterly basis.

Recent events
April 10 - Guatemala (prior to the International Microfinance Congress 2018)
Introduction to responsible inclusive finance
10am-6pm - Hotel Real Intercontinental Guatemala

April 18 - Tegucigalpa (prior to REDMICROH Financial Education Forum)
Introduction to responsible inclusive finances
10am-6pm - Hotel Clarión

June 25 to 27 – Dominican Republic
Introduction to responsible inclusive finance
8am-5pm - Hotel Barceló Santo Domingo

June 28 to 29 – Dominican Republic
Workshop on “Client Protection Principles”
8am-5pm - Hotel Barceló Santo Domingo

July 16 to 18 – Panama
SPI4 Workshop
9am-4pm - Hotel Hyatt Place Ciudad Panamá

August 20 and 21, 2018 – El Salvador (prior to the IX conferencia de Redcamif)
Training on SPI4 for Auditors
8am-5pm - Hotel Crown Plaza San Salvador

Next events
Training for SPI4 auditors
October 11-12, 2018
At PRONAFIM
Mexico City, Mexico

Introduction to Responsible and Inclusive Finance
October 22-24, 2018
At ProDesarrollo
Mexico City, Mexico

November 13, 2018 – Dominican Republic
For CEOs: Overview of responsible inclusive finance
8am-5pm - Hotel Barceló Santo Domingo

The RIFF-CAC trainings are free to participants but there is limited capacity; therefore, we suggest that you register as soon as possible, by writing to: This email address is being protected from spambots. You need JavaScript enabled to view it.

Apply for RIFF-CAC
We invite you to apply for the RIFF-CAC in order to participate in trainings and/or co-financing activities. If you are interested in having your application evaluated by the steering committee this quarter, please submit it to This email address is being protected from spambots. You need JavaScript enabled to view it.

Please note that each FSP can only obtain co-financing for one project (with the exception of upgrade projects). If an application that has been submitted is not approved, it is possible to send a revised application or apply for another activity in the future.

Application forms (by activity)
Trainings:
1. Introductory Training in Key Areas of Responsible Inclusive Finance: English

2. Workshop: Client Protection Principles (Smart Campaign): English

3. SPI4 Workshop for FSPs: English

4. SPI4 Auditor Training (offered on a limited capacity): English

5. Training of Technical Assistance Providers on Specific Areas of Client Protection: English

6. Training of Technical Assistance Providers on Specific Areas of SPM: English

Co-financing activities (for FSPs):
1. SPI4 Social Audit Plus (accompanied SPI4+ creation of action plan): English

2. Smart Assessment: English

3. Upgrade Project: English

4. Specialized Training for a Provider in a Specific Area of SPM: English

5. Smart Certification and/or Social Rating: English

If you need forms in French please contact This email address is being protected from spambots. You need JavaScript enabled to view it.

Resources
For an overview about the Responsible and Inclusive Finance Facility for Central America and the Caribbean, click here

If you have any question, please contact Aracely Castillo at This email address is being protected from spambots. You need JavaScript enabled to view it. or the SPTF at This email address is being protected from spambots. You need JavaScript enabled to view it.

This initiative is possible thanks to the support of:

  SDC logoEIB Logo