FIEC revisited the topic of valuing double-bottom line investments with its valuation working group to better understand how valuing MFIs has evolved over the past decade. What was found? Despite changes in the broader industry (new players, adjacent sector investments, etc.), very little has changed in terms of valuing financial inclusion investments.
In the impact investing space, fund managers have both fiduciary and social responsibilities. This report aims to better understand attitudes and practices when it comes to how equity impact investors use offshore financial centers (OFCs).
In the rapidly-changing financial inclusion sector of today, the ability to design and implement an effective strategy is the biggest concern of providers. This report ranks the top perceived risks facing those providing financial services to under-served people in emerging markets, including MFIs, commercial banks, technology companies, and telcos.
The CSFI's Microfinance Banana Skins report, Facing Reality, charts the risk perceptions of more than 300 practitioners and close observers of the microfinance scene in 70 countries. Two-thirds ranked overindebtedness as their top concern - a persistent issue given that it was also the top concern in the 2012 Banana Skins Survey. The survey also reveals strong concern about the ability of microfinance providers to meet the strategic challenges facing industry in areas such as client management, new products and technological change.
Performance data on microfinance investment vehicles (MIVs) is not easy to collect. Much less is known about the investment process within MIVs, and how the three main elements of their governance — board, investment committee, and fund manager — interact to create value within these funds. This study sheds light on the elusive subject of governance inside AfriCap, a pioneer equity fund.
This annual Global Microfinance Equity Valuation Survey, published jointly by CGAP and J.P. Morgan, provides benchmarks for the valuation of microfinance equity, to promote market transparency and identify industry trends. It examines the landscape of private equity (PE) deals and valuation trends in the public market for Lower Income Finance Institutions (LIFIs) in developing countries.
The Governance Guidelines have been widely used and highly regarded as an excellent source for governance information within the microfinance industry. Over the past seven years, much has changed in the field of microfinance, and good governance has become increasingly important. The Council therefore updated this reference document to reflect new thinking and resources that have emerged in the microfinance industry around governance since the original version was published.