Apexes : An Important Source of Local Funding
Apexes are an important source of local funding for microfinance-and even more so since the global financial crisis. Well over US$2 billion per year of public money is being disbursed globally to microfinance through apex funds or local wholesale f...
| 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/2010/03/12821139/apexes-important-source-local-funding http://hdl.handle.net/10986/9461 |
| Summary: | Apexes are an important source of local
funding for microfinance-and even more so since the global
financial crisis. Well over US$2 billion per year of public
money is being disbursed globally to microfinance through
apex funds or local wholesale facilities. The funds are then
disbursed by apexes to microfinance institutions (MFIs)
mostly as subsidized loans, but occasionally as grants. The
funding provided by apexes to MFIs is almost as much as the
disbursements that donors and investors made to the entire
microfinance sector in 2007, which was about US$2.5 billion.
These large sums demonstrate the importance of apexes as
vehicles to channel public money into microfinance. |
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