Synopses & Reviews
Micro and small business finance are fast growing segments of the financial industry, opening the door to a whole range of financial products for fund managers and private investors worldwide. This edited collection of papers presents the business case for micro and small business finance.To become sustainable and attractive to private capital this volume will argue that, microfinance has to 'grow up' and recognise the fact that it has to build the ability to grow small entrepreneurs.
Synopsis
Based on the proceedings of one of the most talked about events of the Year of Microfinance, this book makes a compelling business case for private capital investments in microfinance in developing countries. Using a lifecycle perspective, it highlights the needs for capital in microfinance, the emerging successful models for microfinance institutions, and investigates the issues that need to be addressed from the investor's perspective to obtain a larger mobilization of private capital. Combining real case studies of leading for-profit microfinance institutions and discussions with influencial investors and money managers, this book provides the first integrated business case for a re-energized industry.
Synopsis
Based on one of the most talked about events of the Year of Microfinance, this book argues for private capital investments in microfinance in developing countries. It uses a lifecycle perspective to consider the need for capital in microfinance and the issues investors need to address to obtain a larger mobilization of private capital.
About the Author
BENOIT LELEUX is Stephen Schmidheiny Professor of Entrepreneurship and Finance at IMD, Switzerland.