Microfinance Investment Funds: Leveraging Private Capital by Ingrid Matthäus-Maier, J. D. Pischke

By Ingrid Matthäus-Maier, J. D. Pischke

Microfinance funding cash are a up to date improvement that would develop in significance. those cash extend the diversity of possibilities for financing microfinance associations, permitting them to provide better outreach and variety of goods for microentrepreneurs and small companies. Microfinance now spans the variety of finance, from the most straightforward firm to the complexity of capital markets. KfW actively promotes microfinance funding money and different actions that facilitate the expansion of microfinance. This e-book is an expression of KfW's position as details dealer and pattern setter. The authors who contributed to this assortment supply a finished diversity of views and issues on the topic of microfinance funding and its promoting.

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Extra info for Microfinance Investment Funds: Leveraging Private Capital for Economic Growth and Poverty Reduction

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Harmonisation is difficult without a common structure. x Wide range of financial and social objectives: investment funds can be tailored to a wide range of objectives. They can fund sustainable MFIs and be targeted to commercial investors, they can assist greenfield MFIs and be funded by development agencies or private donors, they can focus on loans or on providing capital, etc. The type of structure as well as the domicile of the investment fund will depend on such objectives and on the investors targeted.

Grameen Foundation USA provided US$ 325,000 in cash collateral, amounting to 93 % of the guarantee required by ICICI. 15 The latest securitisation deal involved BlueOrchard Finance SA as the arranger together with Developing World Markets and the Grameen Foundation USA, as noted previously. The scale is much larger (US$ 87 million for the first two closings, in excess of the originally expected US$ 75 million) and broader, covering nine MFIs in seven countries for the first closing and fourteen MFIs for the second closing.

For example, development agencies and private donors may not require such transparency and clarity in their official documentation. Table 5. Commercial Microfinance Investment Funds x ASN-Novib Fund x Global Microfinance Facility x AXA World Funds – Development Debt x Gray Ghost Microfinance Facility x Impulse (Incofin) x BlueOrchard Microfinance Securities I, LLC x Dexia Micro-Credit Fund – Blue Orchard Debt Sub-Fund x MicroVest x responsAbility Global Microfinance Fund x Triodos Fair Share Fund Microfinance Investment Funds: Objectives, Players, Potential 27 Very few microfinance investment funds, for example, provide adequate and sufficient information on their financial return, their cost structure, their total expense ratio and their loan loss provisions.

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