Total international funding of microfinance institutions (MFIs) in 2011 reached $14.6 billion, a 17% increase from 2010 levels. Development banks provided $107 million or 26% of funding to Compartamos, a large MFI in Mexico. Compartamos also raised $203 million or 49% of funding from bonds and had $104 million or 25% from other liabilities, totaling $414 million in liabilities.

1. Total International Funding of MFIs
CGAP, “Foreign Capital Investment in Microfinance: Reassessing Financial and
Social Returns.” May 2011.

2. Microrate, “The State of Microfinance Investment – 2011”

3. Microrate, “The State of Microfinance Investment – 2011

4. DFI Funding and Number of MFIs

5. Total Funding of MFIs

6. Compartamos (Mexico) Funding Structure
Amount in Share of
millions Liabilities
US$
Development banks $ 107 26%
Bonds (Cebures) $ 203 49%
Other liabilities $ 104 25%
Total liabilities $ 414 100%