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Yet economists point out that there are surprisingly few credible estimates of the extent to which microcredit actually reduces poverty.This would not matter too much if all microfinance funding were raised via the market (as an increasing proportion is).
Microfinance funding from private investors more than tripled to $2 billion in 2006.
The shows also yielded half a million in microfinance funding, impacting 2,500 women locally and globally.
Next time: How a computer-literate member of a nomadic settlement in one of the most remote places on earth raised microfinance funding online, and helped his community survive a famine..
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But there is a microfinance fund (Community Business Loan) for those who have been unable to get loans elsewhere.
He hopes his research will be used by microfinance funds to improve their efforts in the region.
Anideepa Begum - microentrepreneur and mother of five has just received her fourth loan from Palli Karma-Sahayak Foundation (PKSF) – a microfinance fund disbursement organisation working with local partners in Bangladesh.
According to the Consultative Group to Assist the Poor (CGAP), a consortium of development groups, investors can choose from 74 microfinance funds, which channel investment to the sector.
The Omidyar-Tufts Microfinance Fund's goal — in line with the rest of the Tufts endowment — was a return of at least nine per cent.
One of the most innovative ways to mobilize funds for microfinance lending is through the establishment of microfinance funds that channel investments from capital markets to microfinance institutions either as loans, guarantees or less often - equity.
More than a dozen institutions recently raised money from American investors, including a university, in a deal structured by Developing World Markets, a specialised American firm of financial advisers, and Blue Orchard Finance of Geneva, a microfinance fund manager.
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