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Portfolio, a publication of the Consultative Group to Assist the Poor, offers insight into the latest microfinance trends. Send us your comments at portfolio@cgap.org.

April 2008
Opportunity in Africa
African leaders gather to discuss policy change, while Malawi's pioneers look to transform access to finance.
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February 2008
Hot Topics in Policy:
Regulating branchless banking; Are microcredit interest rates exploitative? AML-CFT: Could increasing access improve security?
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December 2007
Savings for Poor People:
Good for clients, good for business?
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October 2007
Improving Funding Quality
It takes more than money
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August 2007
Targeting poorer clients
Proponents of microfinance firmly believe that access to financial services improves the lives of poor people, but can they prove it?
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June 2007
Growing Investment in Microfinance
In April, Compartamos made an initial public offering of its stock. A new CGAP Focus Note asks: are clients paying the price?
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April 2007:
New Regulatory Challenges
How do we open the door wide enough for innovation while mitigating new or enhanced risks?
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February 2007
How Will Technology Expand Access to Finance?
Hi-tech devices are already very much a part of poor people's lives. In Africa alone, the number of mobile phone subscribers has reached 155 million.
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No. 5, October 2006
One Continent, Many Solutions
In Africa, funders need a tailored approach
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No. 4, July 2006
Better Aid?
In Sri Lanka, donors learn the hard lessons of microfinance
When it comes to microfinance, Sri Lanka is a study in contrasts.
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No. 3, September 2005
Protecting Microfinance Borrowers
Some observers question whether the increased attention to microfinance could attract lenders that might not care as much about development objectives, and might even engage in predatory lending practices that take advantage of poor clients. For this reason, consumer protection has become a hot topic in microfinance.
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No. 2, June 2005
Redefining ‘Risk’
What do new measures to fight terror and money laundering have to do with the poor?

Recent moves to fight money laundering and the financing of terror could directly impact the poor, according to a new paper by the World Bank and CGAP. The paper summarizes the implications of the international framework for anti-money laundering (AML) and combating the financing of terrorism (CFT) for financial service providers working with low-income people. Also in this issue: "Whither Savings," "Queen Rania Chairs First MENA Executive Council Meeting," "New CGAP Resource Centers," and "Hightlight: Banque du Caire Mainstreams Microfinance."
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No. 1, May 2005
Beyond Survival
How today's tsunami aid can help fight poverty in the long run

In the first issue of this new CGAP publication, read on-the-ground insights about the post-tsunami reconstruction and more on how today's aid money can help fight poverty in the long run. Also, frontiers and innovations in microfinance funding.
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