Brian Cox President & CEO, MFX Solutions Inc.

Luminis has been a key partner for MFX for nearly 12 years. We needed a customized approach to credit due diligence covering a class of counterparties – impact funds - which traditionally had not been rated. Luminis developed a brand new methodology for us built on their expertise in microfinance credit analysis. Their approach has now been tested on hundreds of credit relationships and proven itself reliable with no defaults or serious credit events in our portfolio. As new impact investment models have been developed by our clients in areas such as clean energy and housing, Luminis has been flexible and innovative in adjusting to new challenges and bringing in required expertise. Part of what attracted us to Luminis was their credibility with the DFI community which needed to approve of our credit program. Luminis has been consistently at our side in explaining our methodology and building confidence with outside stakeholders and with our board. We greatly value our relationship with the Luminis team and highly recommend them as a credit partner.