What balance between financial sustainability and social issues in the microfinance sector?

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Private Sector Development

Proparco’s magazine

Issue 3 September 2009

What balance between financial sustainability and social issues in the microfinance sector? What are the best practices for financial management and governance? What priorities must MFIs set in order to maintain their social mission? This issue compares experts’ views on the topic.

Contents microfinance and nonfinancial services: an impossible marriage?

Key data

Iris Lanao Flores, FINCA Peru and Philippe Serres, Agence française de développement

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What resources to finance the development of the microfinance sector? Fouad Abdelmoumni, Al Amana Page 7

Recent developments in the impact and mechanisms of microfinance Esther Duflo, J-PAL (MIT) and William Parienté, UCL and J-PAL Page 10

The microfinance sector in figures

Striking a balance between affordable rates and satisfactory profitability in microfinance institutions Élodie Parent, Proparco Page 15

Managing the social performance of microfinance institutions Jacques Attali, PlaNet Finance Page 18

The role of development finance institutions in good governance for microfinance André Laude, International Finance Corporation Page 20

Microfinance, an opportunity for socially responsible investment Jérôme Audran and Yannis Berthouzoz, Symbiotics S.A. Page 23

How can a MFI manage to have a commercial status and still target “vulnerable” people as a core client group? Dr. Claus-Peter Zeitinger, ProCredit Holding AG Page 26

Microfinance: on the road to responsible finance? Elizabeth Littlefield, CGAP, and Luc Rigouzzo, Proparco Page 29


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