The Need for Speed : Helping the Microfinance Industry Stay Afloat in Times of Crises

Microfinance has been a lifeline for many low-income people at the base of the pyramid, helping them break the cycle of poverty and improve their lives. Yet the rapid growth of the microfinance industry, combined with limited financial literacy amo...

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Main Author:	Hrkac, Vladimir
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	ADVISORY SERVICES FINANCIAL SERVICES CAPITAL MARKETS DEPOSIT RECEIPT ACCOUNTING DEPOSITS PEOPLE FINANCING FUND MANAGERS INCOME MICROFINANCE SECTOR PARTNER TRACK RECORD INDUSTRY INVESTMENT MANAGERS LIQUIDITY PORTFOLIO NEW PRODUCTS LOAN LIQUIDITY FACILITY OUTSTANDING BALANCE SOCIAL INVESTMENTS OUTSTANDING BALANCES INVESTMENT PROCESS INFLATION UNINTERRUPTED ACCESS MICROFINANCE INSTITUTIONS ACCESS TO FINANCIAL SERVICES AGRICULTURAL COOPERATIVE CURRENCY TRANCHES ECONOMIC COOPERATION TRADING INVESTMENT MANAGER FINANCIAL INSTITUTIONS DEBT MARKETS INTERNATIONAL DEVELOPMENT INDICATORS LOANS ENTERPRISES RECESSIONS FINANCE PORTFOLIO QUALITY INVESTMENT DECISIONS TRANSACTIONS UNIONS EQUITY TRANSACTION INVESTORS MICROFINANCE INDUSTRY AGRICULTURAL ENTERPRISES SHORT-TERM FINANCING CAPITAL POLICIES VOLATILITY FINANCIAL POLICIES TRANCHE CUSTODIAN BANK FINANCIAL CRISIS REPUTATION BANK RETURNS CREDIT FOREIGN INVESTMENT INVESTMENT BANK FINANCIAL PERFORMANCE DISBURSEMENTS SHARES FINANCE COMPANY MARKET EQUITY INVESTMENT COMPANY INVESTMENT PROPOSALS COOPERATIVE BANK PROFITABILITY SHAREHOLDERS MICROFINANCE TRADE INVESTOR INVESTMENT RISK INVESTMENT PORTFOLIO SHARE PARTNERS POVERTY COOPERATION MARKET DEMAND INVESTMENTS LENDING RISK MANAGEMENT COMMUNICATION MARKET FINANCE RAPID GROWTH SHAREHOLDER CUSTOMERS OUTREACH REMITTANCES FINANCIAL SECTOR SHORT-TERM LIQUIDITY COOPERATIVE FINANCIAL SECTOR DEVELOPMENT DEVELOPMENT BANK CLIENTS MICROFINANCE INSTITUTION
Online Access:	http://documents.worldbank.org/curated/en/2015/08/24943139/need-speed-helping-microfinance-industry-stay-afloat-times-crises http://hdl.handle.net/10986/23487

id	okr-10986-23487
recordtype	oai_dc
spelling	okr-10986-234872021-04-23T14:04:15Z The Need for Speed : Helping the Microfinance Industry Stay Afloat in Times of Crises Hrkac, Vladimir ADVISORY SERVICES FINANCIAL SERVICES CAPITAL MARKETS DEPOSIT RECEIPT ACCOUNTING DEPOSITS PEOPLE FINANCING FUND MANAGERS INCOME MICROFINANCE SECTOR PARTNER TRACK RECORD INDUSTRY INVESTMENT MANAGERS LIQUIDITY PORTFOLIO NEW PRODUCTS LOAN LIQUIDITY FACILITY OUTSTANDING BALANCE SOCIAL INVESTMENTS OUTSTANDING BALANCES INVESTMENT PROCESS INFLATION UNINTERRUPTED ACCESS MICROFINANCE INSTITUTIONS ACCESS TO FINANCIAL SERVICES AGRICULTURAL COOPERATIVE CURRENCY TRANCHES ECONOMIC COOPERATION TRADING INVESTMENT MANAGER FINANCIAL INSTITUTIONS DEBT MARKETS INTERNATIONAL DEVELOPMENT INDICATORS LOANS ENTERPRISES RECESSIONS FINANCE PORTFOLIO QUALITY INVESTMENT DECISIONS TRANSACTIONS UNIONS EQUITY TRANSACTION INVESTORS MICROFINANCE INDUSTRY AGRICULTURAL ENTERPRISES SHORT-TERM FINANCING CAPITAL POLICIES VOLATILITY FINANCIAL POLICIES TRANCHE CUSTODIAN BANK FINANCIAL CRISIS REPUTATION BANK RETURNS CREDIT FOREIGN INVESTMENT INVESTMENT BANK FINANCIAL PERFORMANCE DISBURSEMENTS SHARES FINANCE COMPANY MARKET EQUITY INVESTMENT COMPANY INVESTMENT PROPOSALS COOPERATIVE BANK PROFITABILITY SHAREHOLDERS MICROFINANCE TRADE INVESTOR INVESTMENT RISK INVESTMENT PORTFOLIO SHARE PARTNERS POVERTY COOPERATION MARKET DEMAND INVESTMENTS LENDING RISK MANAGEMENT COMMUNICATION MARKET FINANCE RAPID GROWTH SHAREHOLDER CUSTOMERS OUTREACH REMITTANCES FINANCIAL SECTOR SHORT-TERM LIQUIDITY COOPERATIVE FINANCIAL SECTOR DEVELOPMENT DEVELOPMENT BANK CLIENTS MICROFINANCE INSTITUTION Microfinance has been a lifeline for many low-income people at the base of the pyramid, helping them break the cycle of poverty and improve their lives. Yet the rapid growth of the microfinance industry, combined with limited financial literacy among its customers, made it particularly vulnerable during the 2008-2009 global financial crisis. To expand short-term financing solutions to the microfinance industry following the crisis, to keep credit flowing during a period of unprecedented financial strife, International Finance Corporation (IFC) launched the microfinance enhancement facility, one element of its comprehensive counter-cyclical crisis response package. A timely response was critical, and implementation risks were high. This smart lesson shows how strong cooperation with partners and the decision to develop an outsourced model contributed to the success and reliability of this crisis-response initiative. 2015-12-22T19:00:55Z 2015-12-22T19:00:55Z 2015-03 Brief http://documents.worldbank.org/curated/en/2015/08/24943139/need-speed-helping-microfinance-industry-stay-afloat-times-crises http://hdl.handle.net/10986/23487 English en_US IFC SmartLessons; CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ International Finance Corporation World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ADVISORY SERVICES FINANCIAL SERVICES CAPITAL MARKETS DEPOSIT RECEIPT ACCOUNTING DEPOSITS PEOPLE FINANCING FUND MANAGERS INCOME MICROFINANCE SECTOR PARTNER TRACK RECORD INDUSTRY INVESTMENT MANAGERS LIQUIDITY PORTFOLIO NEW PRODUCTS LOAN LIQUIDITY FACILITY OUTSTANDING BALANCE SOCIAL INVESTMENTS OUTSTANDING BALANCES INVESTMENT PROCESS INFLATION UNINTERRUPTED ACCESS MICROFINANCE INSTITUTIONS ACCESS TO FINANCIAL SERVICES AGRICULTURAL COOPERATIVE CURRENCY TRANCHES ECONOMIC COOPERATION TRADING INVESTMENT MANAGER FINANCIAL INSTITUTIONS DEBT MARKETS INTERNATIONAL DEVELOPMENT INDICATORS LOANS ENTERPRISES RECESSIONS FINANCE PORTFOLIO QUALITY INVESTMENT DECISIONS TRANSACTIONS UNIONS EQUITY TRANSACTION INVESTORS MICROFINANCE INDUSTRY AGRICULTURAL ENTERPRISES SHORT-TERM FINANCING CAPITAL POLICIES VOLATILITY FINANCIAL POLICIES TRANCHE CUSTODIAN BANK FINANCIAL CRISIS REPUTATION BANK RETURNS CREDIT FOREIGN INVESTMENT INVESTMENT BANK FINANCIAL PERFORMANCE DISBURSEMENTS SHARES FINANCE COMPANY MARKET EQUITY INVESTMENT COMPANY INVESTMENT PROPOSALS COOPERATIVE BANK PROFITABILITY SHAREHOLDERS MICROFINANCE TRADE INVESTOR INVESTMENT RISK INVESTMENT PORTFOLIO SHARE PARTNERS POVERTY COOPERATION MARKET DEMAND INVESTMENTS LENDING RISK MANAGEMENT COMMUNICATION MARKET FINANCE RAPID GROWTH SHAREHOLDER CUSTOMERS OUTREACH REMITTANCES FINANCIAL SECTOR SHORT-TERM LIQUIDITY COOPERATIVE FINANCIAL SECTOR DEVELOPMENT DEVELOPMENT BANK CLIENTS MICROFINANCE INSTITUTION
spellingShingle	ADVISORY SERVICES FINANCIAL SERVICES CAPITAL MARKETS DEPOSIT RECEIPT ACCOUNTING DEPOSITS PEOPLE FINANCING FUND MANAGERS INCOME MICROFINANCE SECTOR PARTNER TRACK RECORD INDUSTRY INVESTMENT MANAGERS LIQUIDITY PORTFOLIO NEW PRODUCTS LOAN LIQUIDITY FACILITY OUTSTANDING BALANCE SOCIAL INVESTMENTS OUTSTANDING BALANCES INVESTMENT PROCESS INFLATION UNINTERRUPTED ACCESS MICROFINANCE INSTITUTIONS ACCESS TO FINANCIAL SERVICES AGRICULTURAL COOPERATIVE CURRENCY TRANCHES ECONOMIC COOPERATION TRADING INVESTMENT MANAGER FINANCIAL INSTITUTIONS DEBT MARKETS INTERNATIONAL DEVELOPMENT INDICATORS LOANS ENTERPRISES RECESSIONS FINANCE PORTFOLIO QUALITY INVESTMENT DECISIONS TRANSACTIONS UNIONS EQUITY TRANSACTION INVESTORS MICROFINANCE INDUSTRY AGRICULTURAL ENTERPRISES SHORT-TERM FINANCING CAPITAL POLICIES VOLATILITY FINANCIAL POLICIES TRANCHE CUSTODIAN BANK FINANCIAL CRISIS REPUTATION BANK RETURNS CREDIT FOREIGN INVESTMENT INVESTMENT BANK FINANCIAL PERFORMANCE DISBURSEMENTS SHARES FINANCE COMPANY MARKET EQUITY INVESTMENT COMPANY INVESTMENT PROPOSALS COOPERATIVE BANK PROFITABILITY SHAREHOLDERS MICROFINANCE TRADE INVESTOR INVESTMENT RISK INVESTMENT PORTFOLIO SHARE PARTNERS POVERTY COOPERATION MARKET DEMAND INVESTMENTS LENDING RISK MANAGEMENT COMMUNICATION MARKET FINANCE RAPID GROWTH SHAREHOLDER CUSTOMERS OUTREACH REMITTANCES FINANCIAL SECTOR SHORT-TERM LIQUIDITY COOPERATIVE FINANCIAL SECTOR DEVELOPMENT DEVELOPMENT BANK CLIENTS MICROFINANCE INSTITUTION Hrkac, Vladimir The Need for Speed : Helping the Microfinance Industry Stay Afloat in Times of Crises
relation	IFC SmartLessons;
description	Microfinance has been a lifeline for many low-income people at the base of the pyramid, helping them break the cycle of poverty and improve their lives. Yet the rapid growth of the microfinance industry, combined with limited financial literacy among its customers, made it particularly vulnerable during the 2008-2009 global financial crisis. To expand short-term financing solutions to the microfinance industry following the crisis, to keep credit flowing during a period of unprecedented financial strife, International Finance Corporation (IFC) launched the microfinance enhancement facility, one element of its comprehensive counter-cyclical crisis response package. A timely response was critical, and implementation risks were high. This smart lesson shows how strong cooperation with partners and the decision to develop an outsourced model contributed to the success and reliability of this crisis-response initiative.
format	Brief
author	Hrkac, Vladimir
author_facet	Hrkac, Vladimir
author_sort	Hrkac, Vladimir
title	The Need for Speed : Helping the Microfinance Industry Stay Afloat in Times of Crises
title_short	The Need for Speed : Helping the Microfinance Industry Stay Afloat in Times of Crises
title_full	The Need for Speed : Helping the Microfinance Industry Stay Afloat in Times of Crises
title_fullStr	The Need for Speed : Helping the Microfinance Industry Stay Afloat in Times of Crises
title_full_unstemmed	The Need for Speed : Helping the Microfinance Industry Stay Afloat in Times of Crises
title_sort	need for speed : helping the microfinance industry stay afloat in times of crises
publisher	World Bank, Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/08/24943139/need-speed-helping-microfinance-industry-stay-afloat-times-crises http://hdl.handle.net/10986/23487
_version_	1764453980411265024

The Need for Speed : Helping the Microfinance Industry Stay Afloat in Times of Crises

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