The Council’s
purpose is:
1) |
to articulate and disseminate the knowledge and
expertise about equity investing in microfinance of the Council’s
members among themselves and to other MFI stakeholders |
2) |
to present guidelines and principles for effective
investment in MFIs |
3) |
to conceive a future strategy for the role of
investment capital in microfinance |
Council members share a common vision
of the vital role that equity investment plays in the development of
MFIs. The
MFIs they invest in represent many of the pioneers in the field
of microfinance. In order to be a member, an organization must
be a private institution, seek both financial and social returns
in microfinance investment, and hold more than one equity investment
in microfinance.
Council Activities
The Council is spearheading the
advancement of the field of equity investment in MFIs through
a number of initiatives and research projects. It is currently
involved in an initiative to strengthen the governance of shareholder-owned
MFIs and, in May 2005, issued a consensus statement tailored to
shareholder-owned MFIs that provides practical guidance for investors
to use in assessing the governance of MFIs. The Council is also
developing a primer on equity investing for use by MFIs and is
working on projects about valuation and the measurement of social
performance by Council members. In addition, the Council holds
biannual meetings to discuss current equity investing issues
such as the role of public and private funders and the legal
environment for equity investment.
Council Publications
The results of
the Council’s
research are made available through publications. The Council’s
first publication, Characteristics
of Equity Investment in Microfinance, examines the state of
equity investment in microfinance institutions today. Other
studies are currently in progress.
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The Growth of Commercial Microfinance 2004 – 2006
by
Elisabeth Rhyne and Brian Busch, 2006
This study tracks and analyzes the growth of the commercial microfinance industry over the past two years and looks at both existing institutions and new entrants. It also comments on the future potential of this industry segment and the current ownership structure of a sample of microfinance institutions.
Download this publication |
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Characteristics of Equity
Investment in Microfinance
by Jim Kaddaras and Elisabeth Rhyne, 2004
This
study analyzes how much equity has been invested in microfinance
institutions today and establishes a spectrum as to where investors
fall in terms of their expectations of social vs. financial returns.
This study also looks at current governance practices and makes
recommendations for establishing and implementing corporate governance
standards.
Purchase this publication
|
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The Practice of Corporate
Governance in Shareholder-Owned Microfinance Institutions
Consensus
Statement of the Council of Microfinance Equity Funds, 2005
This consensus statement is tailored to shareholder-owned MFIs
and provides practical guidance for investors to use in assessing
the governance of MFIs.
Download
this publication in English
издание на русском языке
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Prácticas de Gobernabilidad
Corporativa en Instituciones Microfinancieras con Capital
Social
Declaración de Consenso del Consejo de Fondos de Patrimonio
de Microfinanzas (CMEF)
Esta declaración sobre la gobernabilidad corporativa para
IMFs con capital social proporciona una guía practica para
aquellas personas que tengan interés sobre el tema de la gobernabilidad
– ya sean inversionistas actuales, inversores potenciales,
miembros del directorio, y gerentes de IMF – que puedan utilizar
y evaluar la gobernabilidad de sus propios IMFs.
Descargar esta publicación
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Pratique de gouvernance
des institutions de microfinance cotées en bourse
Exposé de consensus du Conseil de SICAV microfinance
(CMEF)
Cet exposé de consensus sur la gouvernance des institutions
de microfinance cotées en bourse fournit au lecteur
un guide pratique spécialement adapté aux IMF
pour tous les partis prenants de la gouvernance–les
investisseurs prenants et potentiels, les membres du Conseil
et la direction supérieure de l’IMF–pour
qu’ils puissent exploiter ses leçons et évaluer
la gouvernance de leurs propres institutions.
Télécharger
cette publication
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