Initial public offerings (IPOs) are widely viewed as markers of commercial success. However, in the financial inclusion industry, IPOs are sometimes viewed with suspicion, if not alarm. This paper examines the 2016 IPOs of two Indian microlenders – Equitas Holdings and Ujjivan Financial Services – and how “hardwiring” their missions into their operations and […]
We’re pleased to announce the recent release of the FIEC sponsored AfriCap Governance paper, which was published by Calmeadow and written by Grassroots Capital Management.
The recent publication, An Assessment of AfriCap Governance, focuses on the role governance played in the AfriCap fund’s successes and failures, while recounting the fund’s many challenges and its ultimate accomplishment. […]