Who Will Buy Our Paper: Microfinance Cracking the Capital Markets?

ACCION International's InSight Series, April 2006

19 Pages Posted: 16 May 2006

Abstract

On February 5 and 6, 2006, ACCION International, CorporaciĆ³n Andina de Fomento (CAF) and Deutsche Bank, together with partner Developing World Markets hosted a conference in New York - "Who Will Buy Our Paper: Microfinance Cracking the Capital Markets?" More than 225 bankers, investors, money managers, investment funds and MFIs looked at recently completed local and international debt instruments, experiences of mainstream rating agencies with microfinance evaluations, the role of equity investment, and the challenges that remain to make microfinance investment an asset class. This InSight discusses the main themes of the conference. It describes successful cases of debt and equity financing in microfinance, at local and international levels, as well as exploring constraints and opportunities for the microfinance industry as it continues to seek more financing from the capital markets.

Keywords: microfinance, microcredit, capital markets, Wall Street, developing world

JEL Classification: N20, 016

Suggested Citation

Rhyne, Elisabeth and Reddy, Rekha M., Who Will Buy Our Paper: Microfinance Cracking the Capital Markets?. ACCION International's InSight Series, April 2006, Available at SSRN: https://ssrn.com/abstract=901260

Elisabeth Rhyne

ACCION International ( email )

56 Roland Street
Suite 300
Boston, MA 02129
United States

HOME PAGE: http://www.accion.org

Rekha M. Reddy (Contact Author)

ACCION International ( email )

56 Roland Street
Suite 300
Boston, MA 02129

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
500
Abstract Views
1,731
rank
67,854
PlumX Metrics