Created in 1998, CERISE is a French non-profit organization, pioneer in matter of social performance management. CERISE is dedicated to responsible and ethical finance, willing to find solutions for mission-driven organizations to make their social goals a reality. 

CERISE believes finance can be responsible, ethical and inclusive, as long as economic actors adopt approaches to measure and manage their social performance.

As a social innovator, CERISE works with actors in inclusive finance, social business and impact-investing to co-create social standards and social assessment tools that are free to all.

CERISE offers consultancy services to all types of mission-driven organizations equipping them with the skills and tools they need to define and achieve their impact thesis.

Vision: Contribute to building a transparent, responsible, inclusive and high social-impact financial sector that contributes to the reduction of inequality.

Mission: Support impact investors, inclusive finance and social enterprises to achieve their social mission.


  • Collaboration – CERISE collaborates with a rangeof partners to facilitate knowledge sharing and collective intelligence. CERISE’smembers and partners are catalysts of progress, thanks to their activeparticipation and contributions to our collective thinking on ethical finance.
  • Innovation – CERISE constantly seeks topush the boundaries of our actions, to introduce innovative approaches andtools to respond to the challenges of inequality.
  • Solidarity – CERISE works closely with a rich variety of partners –financial service providers, social businesses, networks, investors, donors,researchers – from the North and South, who enrich each other mutually in theirdifferences.
  • Respect – CERISE treatspartners with respect and esteem, with particular attention to equity andfairness, regardless of their origin.


Cécile Lapenu is Executive Director at CERISE. Cécile held the presidency of the European Microfinance Platform (eMFP) in 2013, is a Board member of the Social Performance Task Force (SPTF). Before joining CERISE in 2001, Cécile worked as an expert in Rural Finance for IFPRI and CIRAD. A Ph.D in agricultural economics, Cécile defended her doctoral thesis in 1996 on microfinance in Indonesia.
Bonnie Brusky is Deputy Director at CERISE. She has over 20 years of experience in microfinance, specialized in social performance and client-centered research. A seasoned professional with rural and urban field experience in Africa, Asia and South America, Bonnie is a certified lead trainer and assessor for the Smart Campaign and senior advisor to the SEEP Network. Bonnie holds a BA from the University of Wisconsin-Madison and a DESS in development studies from Université Paris-La Sorbonne.
Célia Fernandez is Project Officer, supporting communication, follow-up with the partners and internal management of CERISE. Célia holds a Master’s degree in Human Rights and Humanitarian Action at Sciences Po Paris. She has 5 years’ experience in project management for NGOs in Morocco, as well as experience as a Quality Manager (ISO 9001 Standard 2015 version).
Marc Davoust is Project manager at CERISE, in charge of digitalization, tools and partnerships. Before joining CERISE, he worked as a digital project manager and in marketing, both in France and Canada. He has a diploma from the Toulouse School of Management.
Snezana Jovic is Head of Inclusive Finance Program. She has more than 10 years of experience in this sector where she has been working directly with a large number of actors in the field (MFIs, professional associations, regional and international networks), mainly in Sub-Saharan Africa, but also in Asia and Latin America. She is specialized in areas related to social performance management, client-centricity, and client protection. Prior to that, Snezana Jovic worked more than 7 years in marketing and communication in the private sector. She graduated from Paris IX Dauphine University in “Business Administration in Developing Countries”.


CERISE was founded in 1998 by five of the leading French organizations supporting microfinance around the world: CIDR, GRET, IRAM, IRC/SupAgro, and CIRAD.  CERISE started as peer-learning platform, to promote knowledge sharing among the founding members.

In 2012, CERISE registered as a not-for-profit association dedicated to ethical finance.

Today, the Board is comprised of four of the founding members, represented by their organizations (CIDR, GRET, IRAM) or as individuals.

Monique Cohen is the President of CERISE since March 2017. International expert on microfinance, Monique Cohen worked on impact issues for USAID before founding in 2002 Microfinance Opportunities, organization dedicated to financial education for low-income populations.

Business model

Social innovator

CERISE works with mission-driven organizations to co-develop social standards and create self-assessment tools that are public goods.

Around 40% of CERISE’s budget comes from subsidies, which allows us to innovate as well as uphold our open-access approach.

Service provider

The remaining 60% of CERISE’s budget is self-financed through a service mix designed to support actors in inclusive finance and social business worldwide achieve their social mission.

These partners have provided invaluable support over the years:

Partners & clients

CERISE has worked closely and successfully with a range of partners in the North and South.

Learn more about recent projects and how CERISE helps mission-driven organizations achieve their social goals.

Recent projects

Opportunity International is a network of microfinance institutions in 24 countries around the world. CERISE provides off-site coaching to OI partners on how to use the SPI4 and how to improve SPM practices. 2016-2018

Microfinance Initiative for Asia is a debt fund managed by Blue Orchard. CERISE is providing tailored technical assistance in social performance management and client protection to microfinance institutions in the MIFA portfolio.  India, Kyrgyzstan, Kazakhstan, Myanmar, Sri Lanka. 2017-2019

The Grameen Crédit Agricole Microfinance Foundation supports rural development in Africa, Asia and Central Europe through investment services and technical support to FSPs and social businesses. CERISE will work with CGAMF to define its impact strategy, to set up its impact management system (approach, indicators, data collection protocols) and to communicate external on its results. 2019

The European Investment Bank (EIB) team seeks to reinforce the use of ALINUS and build staff capacities to efficiently assess and implement client protection and social performance standards. CERISE is providing trainings and hotline support to answer key technical questions on the assessment process and indicators. 2019

Agricultural Business Initiative (aBi) supports agribusiness development in Uganda. CERISE will be guiding aBi Finance, the investment arm of aBi, to define a suitable social and environmental reporting framework and tools to measure and manage practices of aBi partners: FSPs and agribusiness SMEs. 2019

Job openings

Do you share the vision that finance can be responsible, ethical, inclusive? Are you motivated by a collaborative, dynamic and values-driven work environment? Join us!

Positions currently available:

CERISE currently does not have open position right now, but feel free to send us your CV and cover letter to include in our recruitment database.