MIV Performance and Prospects : Highlights from the CGAP 2009 MIV Benchmark Survey

Consultative Group to Assist the Poorest' (CGAP) 2009 Microfinance Investment Vehicles (MIVs) survey sheds light on the resilience of microfinance investments. MIVs grew by 31 percent in 2008 and posted strong returns on investments in the face of one of the toughest financial crises in decades. However, overall MIV performance may deteriorate in 2009 as the impact of adverse market conditions, including increased credit risks, hits. The survey, for the first time, also reveals MIVs' efforts to include environment, social, and governance (ESG) considerations in their investment policies, due diligence, and monitoring.

Bibliographic Details

Main Authors:	Reille, Xavier, Glisovic-Mezieres, Jasmina, Berthouzoz, Yannis, Milverton, Damian
Language:	English
Published:	World Bank, Washington, DC 2009-09
Subjects:	ACCOUNTING, ASSET ALLOCATION, ASSET CLASS, ASSET MANAGEMENT, ASSET MANAGERS, ASSETS, ASSETS UNDER MANAGEMENT, AVERAGE DEBT, AVERAGE FUND, BANKS, BENCHMARK, BENCHMARKS, CAPITAL INVESTMENTS, CARBON EMISSION, CARBON EMISSIONS, COOPERATIVES, CREDIT POLICIES, CREDIT RISK, CREDIT RISKS, CROSS-BORDER INVESTMENT, CURRENCY, DEBT, DEBT CAPITAL, DEBT INSTRUMENTS, DEBT INVESTMENT, DEMAND FOR CAPITAL, DEVELOPING COUNTRIES, DEVELOPMENT BANK, DEVELOPMENT FINANCE, DEVELOPMENT FINANCE INSTITUTIONS, DISCLOSURE, DUE DILIGENCE, ECONOMIES OF SCALE, EMERGING MARKET, EMERGING MARKET ASSET, EMERGING MARKETS, EQUITY CAPITAL, EQUITY FINANCE, EQUITY FUNDS, EQUITY INVESTMENT, EQUITY INVESTMENTS, EXCLUSION, EXCLUSIONS, EXPENSE RATIO, EXPOSURE, FINANCIAL CRISES, FINANCIAL INSTITUTIONS, FINANCIAL SERVICES, FIXED INCOME, FIXED INCOME INVESTMENT, FIXED INCOME MUTUAL FUNDS, FIXED INTEREST, FIXED INTEREST RATES, FOREIGN CAPITAL, FOREIGN EXCHANGE, FUND RETURNS, FUND SIZE, FUNDING SOURCES, GROWTH RATE, HOLDING, HOLDING COMPANIES, HOLDING COMPANY, HOLDINGS, INCOME FUNDS, INCOME GROWTH, INSTITUTIONAL INVESTORS, INTERNAL RATE OF RETURN, INVESTMENT COMPANIES, INVESTMENT CORPORATION, INVESTMENT FUND, INVESTMENT FUNDS, INVESTMENT POLICIES, INVESTMENT VEHICLES, LIABILITY, LIQUIDITY, MARK-TO-MARKET, MARKET CONDITIONS, MARKET VALUES, MARKET VOLATILITY, MFI, MFIS, MICROFINANCE, MICROFINANCE INSTITUTIONS, MICROINSURANCE, MULTILATERAL INVESTMENT FUND, MUTUAL FUNDS, NET RETURNS, NEW MARKETS, PORTFOLIO, PRIVATE EQUITY, PRIVATE EQUITY FUNDS, PRIVATE INVESTMENT, PRIVATE INVESTORS, PROFIT ORGANIZATIONS, PROMISSORY NOTES, RAPID EXPANSION, RATE OF RETURN, REDEMPTIONS, REGULATORY FRAMEWORKS, RESPONSIBLE INVESTMENT, RETAIL INVESTORS, RETURN, RETURNS, RISK MANAGEMENT, RISK MANAGEMENT SYSTEMS, SECONDARY MARKET, TAX, TECHNICAL ASSISTANCE, VARIABLE RATES, VENTURE CAPITAL,
Online Access:	http://documents.worldbank.org/curated/en/2009/09/12821069/miv-performance-prospects-highlights-cgap-2009-miv-benchmark-survey https://hdl.handle.net/10986/9490
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