Trends in Cross-Border Funding
Microfinance funding is becoming more transparent. More than 60 microfinance funders regularly report information on their microfinance portfolio to CGAP, and extensive data are available on microfinance investment vehicles (MIVs) through Symbiotics and MicroRate. In 2011, CGAP surveyed the 20 largest microfinance funders, which represented over 85% of commitments reported in the previous survey year. Based on the findings of that survey and previous surveys, this Brief describes global trends in microfinance funding between 2007 and 2010.
Cross-border funding for microfinance has increased over the past four years, reaching at least US$24 billion in commitments by December 2010. This estimate includes commitments from public and private funders supporting microfinance in developing countries. While total commitments, or the stock of funding, increased gradually, the growth rates have come down from an estimated 30% (2008) to an estimated 13% (2010).