“Wall Street does banking for the world, but it doesn’t do banking for its neighbours. We are here to show there is nothing wrong with banking with neighbours.” Moving from words to action, Professor Muhammad Yunus, the 2006 Nobel Peace Price winner, created that same...
How can a microfinance institution (MFI) achieve sustained profitability while continuing to responsibly serve a wide range of target clients? This is the question Advans Côte d’Ivoire, an Ivoirian MFI, has faced since its creation. In 2017, after less than six years...
In April 2018, 73 people in Sindhupalchowk, Nepal, received 583,000 Nepali Rupees (approximately 5,500 dollars) using Sikka, an application funded and created by World Vision’s Nepal Innovation Lab. This was like any other cash transfer in a disaster-striken country,...
Microfinance has become a growing sector of activity in Europe over the last years. It still carries an important growth potential considering the impacts of the current low economic growth on disadvantaged and impoverished populations and the need to ensure their...
While microfinance is still a young sector, it has experienced significant annual global growth in recent years, averaging close to 9%: joint interview with Eric Campos (Head of Social and Corporate Responsibility, Crédit Agricole SA & CEO, Grameen Crédit Agricole...
Since the dawn of the commercialization of microfinance nearly two decades ago, investment in microfinance has been made on a widely-accepted premise: investors will receive a ‘market rate’ financial return, while pursuing a socially-motivated strategy. This premise...
