Thursday, March 09, 2006

Introductory Video to Microfinance

Unitus is an international organisation that promote Microfinance by funding promosing Microfinance Institues (MFIs) around the world. They have a video which give an introduction to what Microfinance is and how it impacts the lives of thousands of people in poverty.

Another organisation Grameen Foundation has just formed a company in India called IndCo. Its aim is to form a bridge between the poverty alleviating MFIs with the internation capital market. IndCo. will package Microfinance loan portfolio and sell it off to the capital market. Microfinance loan is becoming an asset class which people can invest like any other investment tools such as funds and equity. this is good in a sense that more money will become available to the MFIs but sceptics do fear that commercial influence will affect the poverty alleviation goals of MFIs.
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