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The 12 months 2009 started with intense hypothesis about how the microfinance trade would climate the monetary disaster, with even seasoned trade leaders questioning microfinance establishments’ (MFIs) skill to deal with dramatic shifts in portfolio high quality, development charges and liquidity. Now, with the worst of the monetary disaster behind us, we are able to clearly see that whereas the microfinance trade usually skilled decrease profitability and portfolio high quality, it additionally demonstrated outstanding resilience. The Girls’s World Banking community, on common, outperformed its friends— community members not solely operated extra effectively and extra profitably than the trade, however this spectacular monetary efficiency was accompanied by a sustained outreach to the poor.
These final twelve months have highlighted the signature traits of organizations that carry out nicely each financially and socially, reminiscent of these within the Girls’s World Banking community. We have now seen that resilient establishments provide diversified credit score and asset-building merchandise tailor-made to their shoppers’ wants, maintain sturdy governance by working carefully with like-minded traders and retain a concentrate on microfinance’s most dependable goal market: low-income ladies. All through this report you will note proof of Girls’s World Banking ‘s dedication to designing services to fulfill ladies’s wants. For instance, our work with 5 community members to introduce financial savings merchandise for ladies and ladies is featured on pages 11-13 of this report. And our mission extends past our work with ladies shoppers to creating certain that MFIs are themselves the employers of selection for ladies. The launch of the Heart for Microfinance Management allowed Girls’s World Banking to increase its dedication to coaching principled, visionary leaders to the microfinance trade as an entire. Learn in regards to the Heart’s course choices and achievements to this point on pages 14 and 15.
The 12 months 2009 was a crucible for the microfinance trade and the numbers ship a transparent message: a concerted concentrate on ladies is superb for each elements of the double backside line of profitability and poverty alleviation.Obtain the English VersionDownload the Spanish Model
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