Small and medium enterprises are commonly targets in development finance. But what about the smalll and medium MFIs?
Fortunately, the global microfinance business gets quite a lot of funds these days. However, the bulk of the finance goes to large and well-tested MFIs, whereas the small and younger MFIs often have problems obtaining finance. The organization FIG (Fonds International de Garantie) has found an innovative way of helping out: It issues bank guarantees for small and medium MFIs. And what’s even better – you can make a direct donation or buy a share. No shareholder has ever lost her investment.