How Have Market Challenges Affected Microfinance Investment Funds?
Despite the global economic recession, total assets of the 10 largest Microfinance Investments Vehicles (MIVs) grew in 2011, reaching US$4 billion. During the year, MIVs continued to face many challenges, including increased credit risk in several...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
Washington, DC: World Bank
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/05/16541975/market-challenges-affected-microfinance-investment-funds http://hdl.handle.net/10986/9442 |
| Summary: | Despite the global economic recession,
total assets of the 10 largest Microfinance Investments
Vehicles (MIVs) grew in 2011, reaching US$4 billion. During
the year, MIVs continued to face many challenges, including
increased credit risk in several markets and lower returns,
but the overall investment market was more active than in
2010, with renewed capital appetite from most microfinance
services providers and more focus on underserved markets.
Overall, lower fund returns since 2009 reflect lower market
interest rates, higher loan loss provisions, and increased
competition for placement of funds, especially in several
saturated markets. |
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