Microfinance Investment Funds

Leveraging Private Capital for Economic Growth and Poverty Reduction

Editors: Matthäus-Maier, Ingrid, von Pischke, J. D. (Eds.)

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About this book

The surge in new investment funds - nearly 60 funds at last count - is an exciting sign that microfinance is attracting mainstream financial markets. Foreign investors bridge a crucial gap for MFIs and greenfield banks not yet able to attract deposits, debt or equity from local sources. Recognizing the ultimate goal of building those local financial markets that serve the poor, some foreign investors and funds are facilitating local intermediation with incentives like guarantees for local banks to lend to MFIs in local currency. Such contributions to local market building, combined with strengthening governance, increasing transparency and rigor make the new funds potentially very positive forces in microfinance.

Elisabeth Littlefield, Director and CEO, CGAP  

 Microfinance investment funds organised as mutual funds and structured finance products are bringing the vast resources of capital markets to the world of microfinance, which is about empowering poor people through provision of user-friendly financial services. These funds and structured products are superb means of producing a combination of financial and social returns. Individual and institutional investors are increasingly interested in the characteristics of microfinance loan portfolios. Progress in defining microfinance investments as an asset class is underway. In order to attract more commercial investors to microfinance, new financial instruments will have to be developed that satisfy commercial risk-return criteria while achieving the social benefits of microfinance activities.

Jean-Philippe de Schrevel, Founder and Director, BlueOrchard Finance S.A.

Table of contents (15 chapters)

Table of contents (15 chapters)
  • Microfinance Investment Funds: Where Wealth Creation Meets Poverty Reduction

    Pages 1-6

    Kloppenburg, Norbert

  • Microfinance Investment Funds: Objectives, Players, Potential

    Pages 11-45

    Goodman, Patrick

  • The Market for Microfinance Foreign Investment: Opportunities and Challenges

    Pages 47-63

    Ivatury, Gautam (et al.)

  • Micro-bubble or Macro-immunity? Risk and Return in Microfinance: Lessons from Recent Crises in Latin America

    Pages 65-72

    Calderón, Thierry Benoit

  • ProCredit Banks in Southeast Europe: Successful Public-Private Partnership in Microfinance

    Pages 73-75

    Hennig, Peter

Buy this book

eBook $39.99
price for USA (gross)
  • ISBN 978-3-540-28071-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.00
price for USA
  • ISBN 978-3-540-28070-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $54.95
price for USA
  • ISBN 978-3-540-72423-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Microfinance Investment Funds
Book Subtitle
Leveraging Private Capital for Economic Growth and Poverty Reduction
Editors
  • Ingrid Matthäus-Maier
  • J. D. von Pischke
Copyright
2006
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-28071-2
DOI
10.1007/3-540-28071-5
Hardcover ISBN
978-3-540-28070-5
Softcover ISBN
978-3-540-72423-0
Edition Number
1
Number of Pages
XIII, 291
Topics