Microfinance

The Future of Microfinance: Visioning the Who, What, When, Where, Why, and How of Microfinance Expansion Over the Next 10 Years

Written by:

H. I. Latifee

Managing Director

Grameen Trust Bangladesh

Table of Contents

Introduction Microfinance Outreach - Global Scenario Microcredit Summit Campaign: Phase II Goals Development of Microfinance Grameen Bank Experience

Grameen Generalised System Outreach and Loan Struggling Members Impact Star System

1 3 4 5 5 6 6 6 7 8 9 11 11 12 13 14

14

Microfinance Expansion over the Next Ten Years Growth Potential for Microfinance - Focusing on the Where of Microfinance

Asia and the Pacific Africa Arab World Latin America and the Caribbean Europe and North America

Sources of Financing- Solving the How of Microfinance

Loans, Guarantees and Equity Participation Savings Securitization Bonds Equity and other Investments Wholesale Fund/ Apex Institutions

15 16 17 18 19 19 22 23 23 24 24 25 26 27 27 28 29 31 33

Grameen Trust

GT Support Build, Operate and Transfer Program Project Dignity

Capacity Building Legal and Regulatory Environment

Mobility of Funds and Personnel Interest Rate Taxation

Conclusion End Notes References

The Future of Microfinance: Visioning the Who, What, When, Where, Why, and How of Microfinance Expansion Over the Next 10 Years

Introduction

Microfinance has gradually developed to be a worldwide movement, no longer being a subject matter of microfinance practitioners alone. Governments, donors, development agencies, banks, foundations, corporations, business communities, civil societies, researchers, universities, consultants, philanthropists and others are taking an increasing interest in it.

The increasing level of acceptance of microfinance among the various groups of stakeholders worldwide presents the following questions: Is microfinance (MF) becoming popular because it is a good business to make money? Or Is it because MF is a powerful tool to fight poverty? Or Is...