The State of Microfinance Investment 2011, surveys microfinance investment vehicles (MIVs) to highlight the trends and outlook for the industry. Based on interviews with executives of the major microfinance investment funds and a survey of the 100+ active MIVs, this report examines the key factors that affected the microfinance fund market in 2010 and the trends that are likely to drive growth in 2011 and beyond.
February 21, 2009
State of Microfinance Investment 2009
MicroRate’s State of Microfinance Investment: The 2009 MIV Survey, analyzed information from 68 of the 74 microfinance investment vehicles (MIVs1) identified. The impact of the financial crisis was reflected in a significantly lower growth rate. In 2008, MIV assets grew 31%, from $3.8 billion to $5.04 billion, compared with an average growth of 80% from 2005-2007. Total outstanding microfinance assets grew 29%, from $3.04 to $3.91 million, compared to an average growth of 108% from 2005-2007. The number of new MIVs in 2008 remained constant as did the ratio of microfinance assets to total MIV assets which held at 78%.