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Indian Microfinance Goes Public

September 28, 2010

On 28 July 2010 SKS, India’s largest microfinance institution (MFI) with 5.8 million clients, became the first MFI in India to float its shares through an initial public offering (IPO).

Foreign Exchange Rate Risk in Microfinance

January 1, 2006

This Focus Note discusses issues related to foreign exchange rate risk in microfinance. It explains what exchange rate risk is, looks at techniques used by MFIs and investors to manage the risk, and makes recommendations on managing and avoiding risk.

Microfinance Investment Vehicles Disclosure Guidelines

September 30, 2010

The purpose of this publication is to establish clear guidelines for MIVs reporting to investors. The recommended disclosures include key information on MIVs’ profiles.

NGO MFI Transformations

November 4, 2008

This brief reviews seven areas in which those embarking on a transformation should research and seek legal counsel’s advice.

Realizing the Potential of Branchless Banking

October 20, 2008

Should we start conceiving of retail payment networks as a utility much as we think of access to water, electricity, or phones?

Measuring the Social Performance of Microfinance Institutions

May 1, 2007

This Focus Note highlights the emerging emphasis on social performance in microfinance and reviews some of the assessment tools recently developed.

Stability of Small Balance Deposits

June 10, 2009

Small balance demand deposits from poor clients are viewed as a particularly volatile class of funding. This is one reason some MFIs are concerned about using deposits to fund their lending operations.

The Challenge of Growth for Microfinance

March 1, 1997

This Focus Note summarizes an Ohio State University report on BancoSol, a Bolivian MFI that faced significant financial and management challenges as it underwent a transition from NGO to licensed commercial bank.

Due Diligence Guidelines for the Review of Microcredit Loan Portfolios

December 16, 2009

These guidelines help analysts evaluate the accuracy of accounting and performance reports about an MFI's portfolio, and the MFI’s compliance with its own portfolio management policies.

Graduating the Poorest into Microfinance

February 1, 2006

This Focus Note discusses two basic models of linkages between MFIs and safety net programs.

Are Deposits a Stable Source of Funding for Microfinance Institutions?

June 10, 2009

New research finds that under normal circumstances, aggregate balances for low-income accounts move gradually, and they are not prone to abrupt month-by-month swings.

The Impact of the Financial Crisis on Microfinance Institutions and Their Clients

May 7, 2009

The global financial crisis is spreading quickly in emerging markets, but little is known about its impact on the microfinance sector.

What Is a Network?

July 1, 2004

This Focus Note presents an analysis of the distinguishing features of 33 microfinance support organizations, differentiates their roles, and identifies broad trends that characterize their organization and activities. It also offers a list of questions to guide donors when appraising networks for potential funding.

Andhra Pradesh 2010

December 7, 2010

The crisis that erupted in the Indian State of Andhra Pradesh in early October 2010 hit at the epicenter of microfinance in India and has implications there, across the country, and globally.

Efficiency Drivers of MFIs

February 13, 2009

Institutional efficiency is generally measured by dividing operating expenses by the size of the loan portfolio.

Regulating Transformational Branchless Banking

January 1, 2008

This Focus Note is based on assessments of policy and regulation in seven key countries. Current regulation tends to be both over- and underprotective, and policy will determine not only where branchless banking is allowed, but also which business models turn out to make economic sense -- and how far they will go in reaching poor people.

Maximizing the Outreach of Microenterprise Finance

October 1, 1995

This Focus Note examines 11 microenterprise finance programs from the perspective of outreach and financial sustainability. The authors conclude that microfinance institutions can and indeed need to be self-sustaining if they are to achieve their outreach potential, providing rapid growth in access to financial services by poor people.

Foreign Capital Investment in Microfinance

February 1, 2008

So far, the vast bulk of private investment in microfinance is socially motivated, says this Focus Note, written by Xavier Reille and Sarah Forster.

Commercial Banks and Microfinance

June 1, 2005

This Focus Note highlights CGAP research about the different ways in which commercial banks have successfully entered the microfinance market.

State-Owned Development Banks in Microfinance

August 1, 1997

This Focus Note gives a brief overview of how a state-owned village banking system in Indonesia, Bank Rakyat's desa unit, is transformed into a successful microfinance institution.

 
 
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