the mif blog

Stories of inspiring entrepreneurs and organizations, discussion and commentary of new trends in private sector development, and the latest events and publications.

Recognizing excellence in Caribbean microfinance

Por Ryan Tang

A Microfinance Start-up Becomes Front-runner, Client Protection, and ‘Very, Very Good Sauce’

On the evening of October 31, 2013, microfinance stakeholders from around the Caribbean gathered at the Courtleigh Hotel in Kingston, Jamaica to participate in the second annual Citi Microentrepreneurship Awards for the Caribbean, sponsored by Citi Foundation and the Multilateral Investment Fund under the auspices of the Caribbean Microfinance Capacity-Building Project II. The Excellence in Microentrepreneurship in Suriname award was presented to Mr. Jurgen Boodie, owner of Restaurant JiJi’s, the Excellence in Microfinance Product Innovation award was won by Access Financial Services in Jamaica, and La Inmaculada Credit Union in Belize emerged as the winner of the Excellence in Microfinance Transparency award. As a few of the speakers noted, there is something special about gathering microfinance stakeholders in one place and recognizing the accomplishments of the best.

Gobierno corporativo en las microfinanzas

Por Georg Neumann

Esta blog pertenece a la serie de blogs en torno al XVI Foromic que se llevará a cabo este año en Guadalajara del 30 de septiembre al 2 de octubre.

Por Leticia Emme, Social Performance Task Force

La evolución de la industria de las microfinanzas dentro de un ambiente desafiante, que incluye esquemas legales más sofisticados y mayor competencia, ha reconfirmado la importancia del efectivo gobierno corporativo en las instituciones microfinancieras (IMF). La presión generada a partir de la reciente crisis global en el sector, así como problemas a nivel país/región reveló la debilidad de los sistemas de gobernanza en las IMF. La importancia de una gobernanza efectiva es uno de los desafíos más grandes que enfrenta el sector hoy en día.

¿Estamos sirviendo adecuadamente a las mujeres con los servicios financieros existentes?

Por Paola Pedroza

A pesar de la creencia generalizada de que las instituciones microfinancieras desarrollan sus productos teniendo en cuenta las necesidades de  las mujeres, -normalmente la mayoría de sus clientes-, en la práctica muchas de ellas no hacen uso de lo que se les ofrece. Una mirada profunda a la Fundación delamujer nos presenta un ejemplo de esta situación.

Consumer lending and financial inclusion in Latin America: Rewards and risks of expanding access

Por Sergio Navajas

Yolanda Luna, Mexico 2012. CGAP Photo Contest 

By Rafe Mazer (CGAP), Rudy Araujo (ASBA), Sergio Navajas (MIF)

On March 12 and 13, CGAP, the MIF, and the Association of Bank Supervisors of the Americas (ASBA) hosted a discussion with regulators in Latin America on consumer lending in the Americas, including participants from Brazil, Chile, Colombia, México, Perú and the US.

Consumer lending has evolved in different ways across markets, and has grown rapidly in recent years both in market size and outreach to low-income consumers and the growing middle class. Policymakers in the region have identified important risks resulting from this market evolution, but there are still not clear consensus views on how to measure and assess market penetration, how to separate the good aspects of it from what is potentially harmful, and the role of the regulators towards proactively controlling or reactively responding to the market.

Seeking common ground on evaluating impact


“However beautiful the Strategy, you should occasionally look at the results." – Winston Churchill

Our MIF team – General Manager Nancy Lee, Claudia Gutierrez, Tetsuro Narita and me – recently spent two days with development experts and academics discussing and debating the importance of impact evaluation on Financial Inclusion programs. The retreat, co-sponsored by CGAP and DFID, was held in the shadow of Buckingham Palace at DFID’s offices, and included about 60 experts from development banks (ADB, CDC, DFID, MIF, EBRD, EIB, FMO, IFC...), foundations (Citi, Mastercard and Ford) and well-known scholars from IPA, Harvard and other institutions. The meeting was the brainchild of Alexia Latortue from CGAP, who saw a need to get a common understanding among funders and donors of the best evaluation methods, and also to spend time creating a “new impact narrative for Access to Finance.”