Tell me about Microfinance
I'm looking to do it after an analyst program. Any suggestions on where to start researching?
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What do you want to know about it?
Read up on Mexico's biggest MFI Banco Compartamos, S.A. Read up on Mohammed Younis. Check out www.kiva.org. MF is growing very fast in India, so read up on India-focused MFIs. Read "The Fortune at the Base of the Pyramid" by C.K. Prahlad. Lot of MFI activity is based on the West Coast so you'll have a lot more luck over there than on the East.
PM-ed you!
If anyone else is interested in microfinance in general let me know.
PM sent.
raises hand
I am. Any info greatly appreciated.
RaRe...
Could you let me know as well
RaRe- If it's not too much trouble, I'd really appreciate any info. Thanks!
Please could you send me information as well? I have a project at school coming up about microfinance coincidentally...
I'm also interested and any info would be greatly appreciated.
Glad there's a lot of interest in this area- I'm extremely busy the next few days but will get back to all of you that PMed me/left me a message relatively soon. I may possibly end up making a new post with this info, too. Response forthcoming in a few days!
Does anyone here work in Microfinance ? (Originally Posted: 02/17/2010)
Does anyone here have info on a career in Microfinance i.e. Comp, responsibilities, Career track, how to break into the industry etc ? I'm looking for info on both Pre and Post-MBA positions. Does anyone here work at or know anyone that works at a firm like Microvest, Grameen etc ?
thanks
Bump
Wall Street Microfinance (Originally Posted: 03/08/2008)
I know that Morgan Stanley has recently created a Microfinance Institutions Group under their investment bnaking arm. How many other Wall Street firms have similar groups? Thanks!
Link to MS microfinance: http://www.morganstanley.com/global/microfin/
wow, that looks pretty cool
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"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."
yeah, that looks very interesting. the work is probably pretty rewarding as well (that's not to say doing anything else isn't).
http://www.jpmorgan.com/cm/Satellite?c=JPM_Content_C&cid=1159325945031&…
thanks for the heads up!
lehman has on.
Link to the Lehman one?
The way to microfinance (Originally Posted: 11/21/2009)
What is the typical background of people working in microfinance? At the moment I have offers for equity research at a BB or IBD at a smaller player. Which one would be better to be able to move into microfinance later in my career? Thank you.
Microfinance firms according to a past professor of mine don't generally target traditional IBD analysts, a lot of the work they do is operational and regulatory. That being said I'm sure either of those would be a great way to get experience in finance in general, microfinance traditionally isn't as competitive since it's a less orthodox career path and less lucrative.
I'm not sure you completely understand what microfinance is. It is much more commerical banking than investment banking or ER.
Microfinance Funds (Originally Posted: 03/14/2013)
I've been reading here and there about microfinance investing and most funds seem to hoover around a ~4.5% yearly return on average in 2012. I do not know how they account for risk, but it does not seem like many funds had either a spectacular year nor a disastrous one. This is dwarfed by the return on the biggest traditional hedge funds during the same year, but it still beats the HF industry average of 1.3% in 2012 (BusinessInsider article).
How would you explain this lower dispersion around a higher average ? Can it be explained solely by their smaller size (and higher manoeuvre potential) ?
I'd say they're jumping on the emerging economies bandwagon. An EM fund focused on "safe" LatAm and Eastern Europe would do better than microfinance funds with a good bet on equities or FI (arbitrage between similarly rated bonds in different countries for example).
Everyone's doing that. Bigger funds do not limit themselves to US/EU/Jap, especially not in the last 5-10 years.
Imagine a VC shop with 500 smaller investments instead of 10 big ones. This diversity helps them avoid a big fluke. The smaller size helps since they can be picky on their investment opportunities.
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