CERISE promotes ethical and responsible finance as a form of social and economic development.

CERISE draws on 15 years of expertise in microfinance, social business and rural finance to serve socially-driven organizations worldwide.

Our approach is collaborative. We create synergies with the aim to innovate. We facilitate knowledge creation, combining the experience of our members and that of our partners to create practical tools and resources, available on-line for free.

CERISE is a non-profit service provider based in Paris. What we offer is unique: training and support to institutions big and small to carry out social audits, analyze social data and define their social strategy. Learn more about our business model.


Microfinance, Social Business and Rural Finance

Knowledge and Tools for Ethical Finance


Cécile Lapenu is the Executive Director of 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 18 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 studes from Université Paris-La Sorbonne.

Alexandra Alvarado is Project Manager at CERISE. Alexandra works directly with partners to accompany them as they carry out social audits and implement innovative social and environmental practices. Alexandra is also responsible for the development of the social audit tool CERISE SPI4. Alexandra is a graduate of University Paris-Dauphine, Master International Economy and Development.

Jon Sallé is Program Manager at CERISE. Jon manages the SPI4 tool and the development of the Social Business Scorecard (SBS). Specialist in social business, he oversees partner relationships, facilitates working groups and supports SBS audits and strategic recommandations. Before joining CERISE, Jon worked in microfinance as an investment officer, and in two award-winning social ventures involved in energy access in India and Africa. Jon holds diplomas from Ecole Centrale de Lyon and HEC Paris.



CERISE works closely with our members and a network of experts to develop tools, deliver trainings, conduct social audits and provide technical assistance.

CERISE also partners with other organizations (raters, TA providers, country-level networks) to deliver on more complex projects that call for a wide range of expertise and coordination.


CERISE prioritizes local expertise and trains qualified auditors to accompany financial institutions carry out social audits, and define action plans. See the list of qualified auditors.






CERISE emerged in 1998 as a working group dedicated to research and innovation in development. The brainchild of five leading French organizations working in microfinance - CIDR, GRET, IRAM, IRC/SupAgro, and CIRAD - CERISE started out as a member-based network.

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

The Board is comprised of four of the founding members, represented by their organizations (CIDR, GRET, IRAM) or as individuals. Monique Cohen  of Opportunity International is the Board President.