Small Money Big Impact : Impact Investing, Microfinance and Real Returns.
"Make your money make a differenceand enjoy attractive returns Small Money, Big Impactexplores and explains the globally growing importance of impact investing. Today, the investor's perspective has become as important as the actual social impact. Based on their experience with over 25 mil...
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| Format: | Electronic eBook |
| Language: | English |
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Somerset :
John Wiley & Sons, Incorporated,
2017.
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| Online Access: | Full text (Emerson users only) Full text (Emmanuel users only) Full text (NECO users only) Full text (MCPHS users only) Full text (Wentworth users only) Full text (Wentworth users only) |
Table of Contents:
- Cover
- Title Page
- Copyright
- Contents
- Foreword
- Preface
- Acknowledgments
- About the Authors
- Chapter 1: Introduction
- 1.1 Fighting Poverty
- 1.2 Investing in Financial Infrastructure
- 1.3 Content Overview
- Notes
- Chapter 2: Microfinance
- the Concept
- 2.1 History
- 2.2 Definition and Goals
- 2.3 Double Bottom Line
- 2.4 Financial Inclusion
- 2.5 Market Participants
- Individuals and Micro Enterprises
- MFIs, MIVs and Investors
- Governments and Sponsors
- The Economy
- 2.6 Impact Investing
- Conventional Investments
- Impact Investing
- Philanthropy
- 2.7 Preliminary Conclusions
- Notes
- Chapter 3: The Microfinance Value Chain
- 3.1 The Protagonists and Their Tasks
- Investors
- Microfinance Funds and Fund Administrators
- Microfinance Institutions
- Micro Entrepreneurs
- 3.2 Regulatory Environment
- 3.3 Development Finance Institutions
- 3.4 Market Overview
- 3.5 Geneva: Birthplace of Modern Microfinance
- Circumstances
- The Emergence of Microfinance as an Asset Class
- 3.6 Preliminary Conclusions
- Notes
- Chapter 4: Micro Entrepreneurs
- 4.1 Definition
- 4.2 Needs and Requirements
- Poverty Levels
- Requirements of Micro Entrepreneurs
- Broader Range of Loans
- 4.3 Micro Entrepreneurs
- Regions
- Gender
- Industries
- Balance Sheet of a Micro Enterprise
- 4.4 Preliminary Conclusions
- Notes
- Chapter 5: Microfinance Institutions
- 5.1 Definition and Goals
- 5.2 Types of MFIs
- Non-Bank Financial Institutions (NBFIs)
- State Banks and Postal Banks
- Financial and Credit Cooperatives
- Specialized MFI Banks
- Insurance Companies
- Transaction Banks
- Commercial Banks
- 5.3 MFI Funding
- Financial Sources
- International Equity
- Financial Orientation
- 5.4 Services
- Financial Services
- Non-Financial Services
- 5.5 Regulation.
- Why Should MFIs Be Regulated?
- When Should MFIs Be Regulated?
- What Are the Central Aspects of Regulation?
- Credit Bureaus
- 5.6 Preliminary Conclusions
- Notes
- Chapter 6: Lending Methodologies
- 6.1 Traditional Credit Theory and Microfinance
- 6.2 Lending Methodologies
- Group Loans
- Mutual Monitoring
- Progressive Loans
- Regular Meetings with MFIs
- 6.3 Socio-Economic Factors
- Urban vs. Rural Population
- Gender
- 6.4 Late Payments and Over-Indebtedness of Clients
- 6.5 Default Prevention and Restructuring
- Market Overview
- Standard Measures in Case of Loan Default
- 6.6 Occupation: Loan Officer
- Profile of a Loan Officer
- Process
- 6.7 Preliminary Conclusions
- Notes
- Chapter 7: Loan Pricing
- 7.1 Interest Rate Components
- Operating Costs
- Capital Costs
- Contingency Reserves
- Profit
- Tax Expenditures
- Boosting Efficiency
- 7.2 Setting Sustainable Interest Rates
- 7.3 Regional Differences
- 7.4 Loan Recipients' Willingness to Repay
- 7.5 Preliminary Conclusions
- Notes
- Chapter 8: Social Performance Management
- 8.1 Social Performance
- 8.2 Measuring Social Performance
- Universal Standards of Social Performance Management (USSPM)
- Smart Campaign
- Appropriate product design and delivery
- Prevention of over-indebtedness
- Transparency
- Responsible pricing
- Fair and respectful treatment of clients
- Privacy of client data
- Mechanisms for complaint resolution
- MFTransparency
- Social Performance Indicators (SPI4)
- 8.3 Measuring the Outcome of Microfinance
- 8.4 Social Rating Agencies
- M-CRIL
- MicroFinanza Rating
- MicroRate
- Planet Rating
- 8.5 Technical Assistance
- Increase in MFI Capacity
- Strengthening the Financial Sector
- Impact on Micro Entrepreneurs
- 8.6 Linking Social Performance with Profitability
- 8.7 Preliminary Conclusions
- Notes.
- Chapter 9: Beyond the Reach of Microfinance?
- 9.1 Prejudices and Reservations
- Why Are Microloan Interest Rates Seen as Excessive?
- What Are the Reasons for the Financial Crisis in India, the Suicides and Over-Indebtedness?
- Can Social Performance Be Measured at All?
- Does Microfinance Breed Corruption?
- Does Microfinance Actually Have an Effect on SME Growth?
- Microfinance and Child Labor?
- Impending Mission Drift?
- Fund of Funds Diversification?
- 9.2 Preliminary Conclusions
- Notes
- Chapter 10: Investing in Microf inance
- 10.1 Market Development
- 10.2 Microfinance Investment Vehicles
- Fixed-Interest Investments and Equity Commitment
- Thematic Funds
- Public-Private Partnerships and Risk Sharing
- Closed-End vs. Open-End Funds
- Costs
- Microfinance Funds: Possible Pitfalls
- 10.3 The Investment Process
- Strategic and Tactical Asset Allocation
- Analyzing and Selecting MFIs
- 10.4 Loan Agreements and Pricing Policy
- 10.5 Microfinance in the Overall Investment Portfolio
- Efficient Frontier
- Sample Portfolio: Microfinance in the Portfolio Context (According to Markowitz)
- 10.6 Incentives for Investing in Microfinance
- 10.7 Preliminary Conclusions
- Notes
- Chapter 11: Real and Financial Economy
- 11.1 Microfinance Is Crisis-Proof
- 11.2 Real Economy and Local Influencing Factors
- 11.3 Financial Economy
- Influencing Factors
- Prevention and Hedging Against Risks from the Financial Economy
- 11.4 Stability Mechanisms
- 11.5 Preliminary Conclusions
- Notes
- Chapter 12: Discussion of Results and Conclusions
- 12.1 Win-Win-Win
- 12.2 Onwards and Upwards
- Notes
- Appendix A: Example of a Loan Application
- Appendix B: Due Diligence of Socio-Economic Impact Factors
- List of Abbreviations
- Glossary
- References
- Photo Credits
- Index
- EULA.