Microfinance Investors Adjust Strategy in Tougher Market Conditions

Microfinance Investment Vehicles (MIVs) in 2010 are confronting the most challenging investment environment since the 1990s. Over the past two years, microfinance investors witnessed a handful of debt defaults and a major slowdown in demand for cap...

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Main Authors:	Glisovic, Jasmina, Reille, Xavier
Format:	Brief
Language:	English
Published:	Washington, DC: World Bank 2012
Subjects:	ACCOUNTING ASSET GROWTH ASSET MANAGEMENT ASSET MANAGERS BASIS POINTS CAPITAL INVESTMENT CASH HOLDINGS COST STRUCTURE DEBT DEBT DEFAULTS DEBT INVESTMENTS DEBT OBLIGATIONS DEBTS DIRECT INVESTMENT DIRECT INVESTMENTS EMERGING MARKETS EQUITY FUNDS EQUITY INVESTMENTS FINANCIAL SERVICE FINANCIAL SERVICE PROVIDER FOREIGN CAPITAL FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN INVESTMENTS FUND MANAGERS GROWTH RATE GROWTH RATES INCOME INCOME INSTRUMENTS INSTITUTIONAL INVESTORS INSURANCE INSURANCE PRODUCTS INTEREST RATES INTERNAL RATE OF RETURN INTERNATIONAL BANKS INVESTMENT DIVERSIFICATION INVESTMENT ENVIRONMENT INVESTMENT FUNDS INVESTMENT OPPORTUNITIES INVESTMENT OPTIONS INVESTMENT POLICIES INVESTMENT VEHICLES INVESTOR DEMAND JURISDICTIONS LIQUID ASSETS LOAN LOAN COVENANTS LOAN LOSS LOAN PORTFOLIO LOCAL CURRENCY LOCAL CURRENCY LOANS LOCAL MARKET MARKET CONDITIONS MATURITY MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR PORTFOLIO PORTFOLIO EQUITY PORTFOLIO YIELDS PRIVATE EQUITY PRIVATE PLACEMENT PUBLIC INVESTORS RETAIL INVESTORS RETURNS RISK MANAGEMENT RISK OF DEFAULTS SHARE OF INVESTMENTS SLOWDOWN SOCIALLY RESPONSIBLE INVESTORS STRONG DEMAND SUBSCRIPTIONS
Online Access:	http://documents.worldbank.org/curated/en/2010/10/14721442/microfinance-investors-adjust-strategy-tougher-market-conditions http://hdl.handle.net/10986/9458

id	okr-10986-9458
recordtype	oai_dc
spelling	okr-10986-94582021-04-23T14:02:45Z Microfinance Investors Adjust Strategy in Tougher Market Conditions Glisovic, Jasmina Reille, Xavier ACCOUNTING ASSET GROWTH ASSET MANAGEMENT ASSET MANAGERS BASIS POINTS CAPITAL INVESTMENT CASH HOLDINGS COST STRUCTURE DEBT DEBT DEFAULTS DEBT INVESTMENTS DEBT OBLIGATIONS DEBTS DIRECT INVESTMENT DIRECT INVESTMENTS EMERGING MARKETS EQUITY FUNDS EQUITY INVESTMENTS FINANCIAL SERVICE FINANCIAL SERVICE PROVIDER FOREIGN CAPITAL FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN INVESTMENTS FUND MANAGERS GROWTH RATE GROWTH RATES INCOME INCOME INSTRUMENTS INSTITUTIONAL INVESTORS INSURANCE INSURANCE PRODUCTS INTEREST RATES INTERNAL RATE OF RETURN INTERNATIONAL BANKS INVESTMENT DIVERSIFICATION INVESTMENT ENVIRONMENT INVESTMENT FUNDS INVESTMENT OPPORTUNITIES INVESTMENT OPTIONS INVESTMENT POLICIES INVESTMENT VEHICLES INVESTOR DEMAND JURISDICTIONS LIQUID ASSETS LOAN LOAN COVENANTS LOAN LOSS LOAN PORTFOLIO LOCAL CURRENCY LOCAL CURRENCY LOANS LOCAL MARKET MARKET CONDITIONS MATURITY MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR PORTFOLIO PORTFOLIO EQUITY PORTFOLIO YIELDS PRIVATE EQUITY PRIVATE PLACEMENT PUBLIC INVESTORS RETAIL INVESTORS RETURNS RISK MANAGEMENT RISK OF DEFAULTS SHARE OF INVESTMENTS SLOWDOWN SOCIALLY RESPONSIBLE INVESTORS STRONG DEMAND SUBSCRIPTIONS Microfinance Investment Vehicles (MIVs) in 2010 are confronting the most challenging investment environment since the 1990s. Over the past two years, microfinance investors witnessed a handful of debt defaults and a major slowdown in demand for capital from microfinance institutions (MFIs) a sharp contrast after the heady market growth experienced in previous years. However, MIVs continue to grow and earn positive returns. This brief presents the major trends within the MIV sector to emerge from this year's Consultative Group to Assist The Poorest (CGAP) MIV survey, powered by Symbiotic. It also highlights the growing commitment among MIVs to sound environment, social, and governance (ESG) practices. The last section discusses MIV challenges and prospects. 2012-08-13T08:38:56Z 2012-08-13T08:38:56Z 2010-10 http://documents.worldbank.org/curated/en/2010/10/14721442/microfinance-investors-adjust-strategy-tougher-market-conditions http://hdl.handle.net/10986/9458 English CGAP Brief CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTING ASSET GROWTH ASSET MANAGEMENT ASSET MANAGERS BASIS POINTS CAPITAL INVESTMENT CASH HOLDINGS COST STRUCTURE DEBT DEBT DEFAULTS DEBT INVESTMENTS DEBT OBLIGATIONS DEBTS DIRECT INVESTMENT DIRECT INVESTMENTS EMERGING MARKETS EQUITY FUNDS EQUITY INVESTMENTS FINANCIAL SERVICE FINANCIAL SERVICE PROVIDER FOREIGN CAPITAL FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN INVESTMENTS FUND MANAGERS GROWTH RATE GROWTH RATES INCOME INCOME INSTRUMENTS INSTITUTIONAL INVESTORS INSURANCE INSURANCE PRODUCTS INTEREST RATES INTERNAL RATE OF RETURN INTERNATIONAL BANKS INVESTMENT DIVERSIFICATION INVESTMENT ENVIRONMENT INVESTMENT FUNDS INVESTMENT OPPORTUNITIES INVESTMENT OPTIONS INVESTMENT POLICIES INVESTMENT VEHICLES INVESTOR DEMAND JURISDICTIONS LIQUID ASSETS LOAN LOAN COVENANTS LOAN LOSS LOAN PORTFOLIO LOCAL CURRENCY LOCAL CURRENCY LOANS LOCAL MARKET MARKET CONDITIONS MATURITY MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR PORTFOLIO PORTFOLIO EQUITY PORTFOLIO YIELDS PRIVATE EQUITY PRIVATE PLACEMENT PUBLIC INVESTORS RETAIL INVESTORS RETURNS RISK MANAGEMENT RISK OF DEFAULTS SHARE OF INVESTMENTS SLOWDOWN SOCIALLY RESPONSIBLE INVESTORS STRONG DEMAND SUBSCRIPTIONS
spellingShingle	ACCOUNTING ASSET GROWTH ASSET MANAGEMENT ASSET MANAGERS BASIS POINTS CAPITAL INVESTMENT CASH HOLDINGS COST STRUCTURE DEBT DEBT DEFAULTS DEBT INVESTMENTS DEBT OBLIGATIONS DEBTS DIRECT INVESTMENT DIRECT INVESTMENTS EMERGING MARKETS EQUITY FUNDS EQUITY INVESTMENTS FINANCIAL SERVICE FINANCIAL SERVICE PROVIDER FOREIGN CAPITAL FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN INVESTMENTS FUND MANAGERS GROWTH RATE GROWTH RATES INCOME INCOME INSTRUMENTS INSTITUTIONAL INVESTORS INSURANCE INSURANCE PRODUCTS INTEREST RATES INTERNAL RATE OF RETURN INTERNATIONAL BANKS INVESTMENT DIVERSIFICATION INVESTMENT ENVIRONMENT INVESTMENT FUNDS INVESTMENT OPPORTUNITIES INVESTMENT OPTIONS INVESTMENT POLICIES INVESTMENT VEHICLES INVESTOR DEMAND JURISDICTIONS LIQUID ASSETS LOAN LOAN COVENANTS LOAN LOSS LOAN PORTFOLIO LOCAL CURRENCY LOCAL CURRENCY LOANS LOCAL MARKET MARKET CONDITIONS MATURITY MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR PORTFOLIO PORTFOLIO EQUITY PORTFOLIO YIELDS PRIVATE EQUITY PRIVATE PLACEMENT PUBLIC INVESTORS RETAIL INVESTORS RETURNS RISK MANAGEMENT RISK OF DEFAULTS SHARE OF INVESTMENTS SLOWDOWN SOCIALLY RESPONSIBLE INVESTORS STRONG DEMAND SUBSCRIPTIONS Glisovic, Jasmina Reille, Xavier Microfinance Investors Adjust Strategy in Tougher Market Conditions
relation	CGAP Brief
description	Microfinance Investment Vehicles (MIVs) in 2010 are confronting the most challenging investment environment since the 1990s. Over the past two years, microfinance investors witnessed a handful of debt defaults and a major slowdown in demand for capital from microfinance institutions (MFIs) a sharp contrast after the heady market growth experienced in previous years. However, MIVs continue to grow and earn positive returns. This brief presents the major trends within the MIV sector to emerge from this year's Consultative Group to Assist The Poorest (CGAP) MIV survey, powered by Symbiotic. It also highlights the growing commitment among MIVs to sound environment, social, and governance (ESG) practices. The last section discusses MIV challenges and prospects.
format	Publications & Research :: Brief
author	Glisovic, Jasmina Reille, Xavier
author_facet	Glisovic, Jasmina Reille, Xavier
author_sort	Glisovic, Jasmina
title	Microfinance Investors Adjust Strategy in Tougher Market Conditions
title_short	Microfinance Investors Adjust Strategy in Tougher Market Conditions
title_full	Microfinance Investors Adjust Strategy in Tougher Market Conditions
title_fullStr	Microfinance Investors Adjust Strategy in Tougher Market Conditions
title_full_unstemmed	Microfinance Investors Adjust Strategy in Tougher Market Conditions
title_sort	microfinance investors adjust strategy in tougher market conditions
publisher	Washington, DC: World Bank
publishDate	2012
url	http://documents.worldbank.org/curated/en/2010/10/14721442/microfinance-investors-adjust-strategy-tougher-market-conditions http://hdl.handle.net/10986/9458
_version_	1764409430397419520

Microfinance Investors Adjust Strategy in Tougher Market Conditions

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