This document provides an overview of microfinance and microfinance investment funds. It discusses what microfinance is, how the industry has grown tremendously in recent decades, and how it focuses on providing financial services to micro-entrepreneurs. Regional differences in microfinance are highlighted. The lifecycle of microfinance institutions is examined, from non-profits to regulated banks. Examples of microfinance institutions are provided. The social impact of microfinance on entrepreneur clients is explored. Microfinance investment funds are introduced as investment vehicles that provide capital to microfinance institutions. Incofin IM is presented as an example microfinance fund manager, with details on its mission, funds, portfolio, clients, and financial performance.
Liability Driven Investment Europe 2011Rosa Cortez
Managing pension funds towards a liability efficient frontier in an uncertain global economic environment.
After a one year gap, Finance IQ’s Liability Driven Investment Europe 2011 brings together the entire institutional investment chain including plan sponsors, pension trustees, regulators and carefully selected asset management organisations to discuss cutting edge strategies to mitigate pension fund risk through LDI.
The conference will cover the latest insights into asset – liability matching, strategic asset allocation and upcoming European regulations to educate plan sponsors on building an optimal LDI pension strategy.
On 4th December 2015 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to employment, housing and crime. These slides are from the afternoon workshop on working with investors.
On 11th February 2016 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to health. These slides are from the workshop on working with investors.
Liability Driven Investment Europe 2011Rosa Cortez
Managing pension funds towards a liability efficient frontier in an uncertain global economic environment.
After a one year gap, Finance IQ’s Liability Driven Investment Europe 2011 brings together the entire institutional investment chain including plan sponsors, pension trustees, regulators and carefully selected asset management organisations to discuss cutting edge strategies to mitigate pension fund risk through LDI.
The conference will cover the latest insights into asset – liability matching, strategic asset allocation and upcoming European regulations to educate plan sponsors on building an optimal LDI pension strategy.
On 4th December 2015 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to employment, housing and crime. These slides are from the afternoon workshop on working with investors.
On 11th February 2016 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to health. These slides are from the workshop on working with investors.
Sev Vettivetpillai couldn't join us at the conference so his colleague, Geetha Tharmaratnam (Global Head of ESG) presented the work of Aureos Capital, focussing on small to medium-sized businesses and finding the 'missing middle'. Includes principles and case studies.
Be sure to check out the other presentations, videos and audio recordings from the conference at www.tbnetwork.org/uknc11/media
HUB:BLE-1 Boosting Local Enterprise - Business AdviceSpace IDEAS Hub
HUB:BLE-1 Boosting Local Enterprise -
Session 2 - Business Advice
Including: Business loans without banks, export marketing research, supportive environments for business and satellite applications catapult
Presented at NCVO's Trustee Conference on Monday 11 November 2014.
The presentation was by Geetha Rabindrakumar, Big Society Capital, Tim Willis, Chair, London Early Years Foundation and Edward Baker, Chair, Furnistore. These slides look at what trustees need to know, how to know if it is right for your organisation and how you access it?
To learn more about governance: http://www.ncvo.org.uk/practical-support/governance
To find out about NCVO's Trustee Conference: http://www.ncvo.org.uk/training-and-events/trustee-conference
The presentation at Aspen Investment Forum (www.AspenInvestmentForum.com) on January 6th, 2014 about a partnership between one of the largest equity crowdfunding platforms in Europe, OurCrowd and GE.
Accelerating Impact Impact Investing & Innovative Financing for DevelopmentKarim Harji
The concept of innovative financing is a relatively recent addition to the development lexicon. Edward Jackson, a faculty member at the School of Public Policy and Administration at Carleton University, and Karim Harji, a co-founder and partner at Purpose Capital, will introduce the audience to innovative financing and impact investing through their report, Accelerating Impact: Achievements, Challenges and What’s Next in Building the Impact Investing Industry. The AKFC Seminars on Innovative Financing for Development, hosted by Aga Khan Foundation Canada in partnership with Carleton University’s School of Public Policy and Administration.
The next generation of Robo Advisor moving from pure allocation to portfolio construction making Equity Institutional Investment Tool available to everyone
Global Derivatives Trading Risk & Management Event - Barcelona, 8/12 May 2017...Daniele Bernardi
Mapping the global Robo-advisory phenomenon.
Establishing the principal business model of Robo-Advisors and identifying the opportunities for the quant industry
Joan Trant,
Executive Director, International Association of Microfinance Investors.
Joan Trant's presentation from the 2009 Take Action! Impact Investing Conference in San Francisco.
Sev Vettivetpillai couldn't join us at the conference so his colleague, Geetha Tharmaratnam (Global Head of ESG) presented the work of Aureos Capital, focussing on small to medium-sized businesses and finding the 'missing middle'. Includes principles and case studies.
Be sure to check out the other presentations, videos and audio recordings from the conference at www.tbnetwork.org/uknc11/media
HUB:BLE-1 Boosting Local Enterprise - Business AdviceSpace IDEAS Hub
HUB:BLE-1 Boosting Local Enterprise -
Session 2 - Business Advice
Including: Business loans without banks, export marketing research, supportive environments for business and satellite applications catapult
Presented at NCVO's Trustee Conference on Monday 11 November 2014.
The presentation was by Geetha Rabindrakumar, Big Society Capital, Tim Willis, Chair, London Early Years Foundation and Edward Baker, Chair, Furnistore. These slides look at what trustees need to know, how to know if it is right for your organisation and how you access it?
To learn more about governance: http://www.ncvo.org.uk/practical-support/governance
To find out about NCVO's Trustee Conference: http://www.ncvo.org.uk/training-and-events/trustee-conference
The presentation at Aspen Investment Forum (www.AspenInvestmentForum.com) on January 6th, 2014 about a partnership between one of the largest equity crowdfunding platforms in Europe, OurCrowd and GE.
Accelerating Impact Impact Investing & Innovative Financing for DevelopmentKarim Harji
The concept of innovative financing is a relatively recent addition to the development lexicon. Edward Jackson, a faculty member at the School of Public Policy and Administration at Carleton University, and Karim Harji, a co-founder and partner at Purpose Capital, will introduce the audience to innovative financing and impact investing through their report, Accelerating Impact: Achievements, Challenges and What’s Next in Building the Impact Investing Industry. The AKFC Seminars on Innovative Financing for Development, hosted by Aga Khan Foundation Canada in partnership with Carleton University’s School of Public Policy and Administration.
The next generation of Robo Advisor moving from pure allocation to portfolio construction making Equity Institutional Investment Tool available to everyone
Global Derivatives Trading Risk & Management Event - Barcelona, 8/12 May 2017...Daniele Bernardi
Mapping the global Robo-advisory phenomenon.
Establishing the principal business model of Robo-Advisors and identifying the opportunities for the quant industry
Joan Trant,
Executive Director, International Association of Microfinance Investors.
Joan Trant's presentation from the 2009 Take Action! Impact Investing Conference in San Francisco.
Financing for Development - Financing MSMEs for Economic Growth and DevelopmentR. M
A digital artifact aimed at proposing a financing solution to the credit issue faced by MSMEs in Nigeria. The target of this presentation is a cross section of public sector agents who can engage the development community to seek solutions to the aforementioned issue. The presentation proposes two major solutions; technical assistance to make Nigeria's business environment conducive to businesses, and a financing solution that allows for flow of much needed credit to the MSME sector through the creation of a national development bank. The importance of funding MSMEs cannot be overstated; they are drivers of not only economic growth but serve service other development agendas such as poverty eradication, reduction in wealth imbalances, employment generation etc. Consequently, it is imperative to provide support to MSMEs, especially in developing countries where they lack access to finance, if we are to achieve a key portion of the SDGs.
LightCastle takes a look at the role of NGOs/NPOs in Impact Investment and how they can make a change in the journey of budding SMEs and small businesses.
Vlerick Alumni: 5th Edition of the Vlerick Chief Economists DebateVlerick_Alumni
5th Edition of the Vlerick Chief Economists Debate - 28/01/2014
- Mr. Peter Vanden Houte: Chief Economist, ING
- Mr. Edwin De Boeck: Chief Economist, KBC Bank
- Mr. Frank Lierman: Chief Economist, Belfius
- Mr. Bart Van Craeynest: Chief Economist, Petercam
- Upcoming Events Vlerick Alumni
- Liesbeth De Ridder, Guberna
- Louis Cauffman, Owner of Integrative Management Institute
- Christ'l Joris, Chairman of ETAP Lighting
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
3. What is microfinance ?
→ Microfinance is the provision of a broad range of financial services to microentrepreneurs
→ The origin of Microfinance can be traced back to the ‘70s and has since then
grown into a socially and economically successful business
Two basic credit methodologies:
- Group lending
- Individual lending
4. A tremendous growth
→
→
→
→
→
From 13 million clients in 1997 to 205 million clients in 2010
Total size of the MF industry: 45-60 billion USD
Majority of loans are smaller than 1,000 USD
84% women
Shift from “poverty alleviation” to “financial inclusion”
11. Social Impact Microfinance
Vulnerability
Access to
elementary
services
(savings)
Growth
Evolution of poor households
Stabilization of
income by
development
of microeconomic
activities
Diversification
of income by
acquiring
assets. Access
to social
networks
Increasing
propensity to
take risks
Investments in
health and
education
Acces to
formal
economic
activities
14. Microfinance investment funds
→
→
→
→
→
→
→
Microfinance Investment Vehicles (MIVs) include Mutual Funds, Structured
Vehicles, Equity Funds, Co-operatives, ..
100+ MIVs
80% of all MIVs are domicilied in Luxembourg
Fund managers concentrated in Switzerland, Netherlands, US, Germany,
Belgium (10 fund managers represent 90% of assets).
Most MF fund managers will have to comply with AIFM Directive
Investors include institutional, HNWI, retail and DFIs
Fund volume expected to reach 10 bn USD in 2012
21. Incofin Investment Management
•
Leader in rural and agricultural impact investing, strong presence in microfinance and pioneering
initiative in Fairtrade
•
Our mission: Our mission is to invest in companies that increase financial inclusion, in order to
generate developmental impact, while generating an attractive return to our investors.
•
Head Office located in Antwerp, Belgium; four regional offices based in Bogota, Colombia; Chennai,
India; Nairobi, Kenya and Phnom Penh, Cambodia
Incofin Investment Management
~500M USD
Retail funds
50M USD
Institutional Funds 320M USD
Managed Accounts 130M USD
Volksvermogen (2004,15M USD)
Impulse
Rural
Impulse
Fund I
Rural
Impulse
Fund II
Fairtrade
Access
Fund
FPM
agRIF
Incofin cvso
(2004)
60M USD
(2007)
38M USD
(2010)
160M USD
(2012)
25M USD
(2013)
40M USD
TBD
(2001)
50M USD
VDK (2007, 100M USD)
BIO (2012, 15M USD)
23. Wide geographic coverage
Incofin has investments in 43 countries worldwide
NORWAY
UNITED
KINGDOM
EST.
LAT.
LIT.
HOL.
POLAND
BEL. GERMANY
AUS.
HUN.
SWI.
FRANCE
SPAIN
RUSSIA
FINLAND
SWEDEN
DENMARK
BELARUS
UKRAINE
M.
ROMANIA
S
BUL.
.
BOS.
ITALY
BELIZEA
HAITI
CUBA
JAM.
GUATEMALA HONDURAS
DOM.
MAURITANIA MALI
SENE
GAL
G.B.
NICARAGUA
SALVADOR
COSTA RICA
BURKINA
FASO
GUINEA
VENEZUELA
PANAMA
COLOMBIA
GUYANA
SIERRA LIBERIA
L.
FRENCHGUIANA
SURINAME
IRAQ
ISRAEL JORDAN
KUWAIT
ALGERIA
WESTERN
SAHARA
BAHAMAS
LIBYA
NIGER
EGYPT
CHAD
BRAZIL
NIGERIA
ETHIOPIA
CENTRAL
AFRICAN
REPUBLIC
CAMEROON
IRAN
INDIA
NAMIBIA
MYANMAR
TAIWAN
LAOS
THAILAND
CAMB.
VIETNAM
SOMALIA
KENYA
BOLIVIA
BHUT
AN
BANGLADESH
OMAN
YEMEN
RW.
BU.
ZAMBIA
S.KOREA
PAKISTAN
UAE
TANZANIA
JAPAN
CHINA
AFGHANISTAN
QATAR
UGANDA
DEMOCRATIC
REPUBLIC
OF CONGO
ANGOLA
PARAGUAY
ERITREA
BENIN
TOGO
LVORY
COAST
CONOGO
PERU
SAUDI
ARABIA
SUDAN
CABON
ECUADOR
SYRIA
CYP.
N.KOREA
TURKMENISTAN
TURKEY
GREECE
MEXICO
MONGOLIA
UZBEKISTAN
A.
TUNISIA
MOROCCO
KAZAKHSTAN
M.
SRI LANKA
MALAYSIA
BR.
INDONESIA
MALAWI
PAPUA
NEW-GUINEA
MOZAMBIQUE
ZIMBABWE
MADAGASCAR
BOTSWANA
SWA.
URUGUAY
SOUTH
LES.
AFRICA
CHILE
ARGENTINA
Region
%
Latin
America and 35%
Caribbean
Central/East
ern
35%
Europe/NIS
Countries
Asia
18%
Cambodia – East Timor - India - Indonesia - Jordan – Pakistan - Philippines
Africa
12%
Angola - Burkina Faso - Congo, DRC - Ghana - Kenya - Morocco - Namibia - Nigeria - Rwanda –
Uganda - Tanzania - Zambia
Note: Portfolio July 2013
Argentina - Bolivia - Colombia - Ecuador - El Salvador - Guatemala - Haití - Honduras - México Nicaragua - Panamá - Paraguay - Perú
Armenia - Azerbaijan - Belarus - Bosnia and Herzegovina - Georgia - Kazakhstan - Kyrgyzstan Mongolia - Russia – Tajikistan - Uzbekistan
24. Investments in debt and in equity
Breakdown current portfolio per instrument
78% of transaction value in loans;
22% in (quasi)equity
Equity/loan balance varies by funds; some
funds more equity or debt focused
Fund
% loans
% (quasi) equity
Incofin CVSO
63%
37%
Volksvermogen
66%
34%
Impulse
67%
33%
VDK
100%
0%
RIF I
73%
27%
RIF II
55%*
45%*
* Target investment fund
24