This publication presents an overview of the Indian microfinance market, which has seen significant changes over the last two years. The article states that the industry emerged from the financial crisis more consolidated.
The market that was made of numerous, small and medium-sized, non-profit players gave way to one dominated by fewer large commercial players that are successfully attracting equity and debt capital, human resources and clients at a fast rate. Other findings include:
Some observers claim that Indian microfinance institutions (MFIs) are too far removed from the global economy to feel any shock wave; they rely very little on global financial markets and their clients are disengaged from the international markets. Some sceptics, on the other hand, maintain that the crisis has fundamentally changed the quantum and terms of funding available to MFIs globally.
The Asia Microfinance Analysis and Benchmarking Report 2008 draws on fiscal year (FY) 2007 data of 244 MFIs submitted for benchmarking analysis and data from a total 313 MFIs with published profiles on MIX Market. The data cover 16 countries across South Asia and East Asia and the Pacific (EAP): Afghanistan, Bangladesh, India, Nepal, Pakistan and Sri Lanka from South Asia and Cambodia, China, East Timor, Indonesia, Laos, Papua New Guinea, Philippines, Samoa, Thailand and Vietnam from EAP.
Africa’s compelling growth story is changing the continent’s perception as a grant receiver to an attractive investment destination and future hub for innovation. Africa's GDP growth is expected to reach 5.2% in 2014, making it one of the fastest growing regions worldwide. In fact, the continent is currently the second most attractive investment destination in the world, moving up from its 2011 ranking of third-from-last.