Equity capital flows into microfinance have been increasing for many years. Despite this growth, the vast majority of equity investments are still made in the form of private placements, as there are only three publicly traded microfinance institutions. The difficulty in accessing private data and the scarcity of publicly listed entities have limited the scope of the market research available to equity investors in microfinance institutions. Published in May 2012 by JP Morgan Chase & Co. and CGAP.
By Yasemin Saltuk, Frederic de Mariz, Jasmina Glisovic and Henry Gonzalez.