The Role of International Capital Markets in Microfinance

Microfinance: Emerging Trends and Challenges, Sundaresan, Suresh (ed.), Edward Elgar Publishing Limited, 2008

16 Pages Posted: 4 Nov 2019

Date Written: Jan 1, 2008

Abstract

Commercial investors awoke to the attractive risk-return profile of microfinance in the early 2000s. This paper describes the introduction of capital markets into the microfinance industry with reference to distinct financial products, and with a specific focus on the first commercial collateralized debt obligation, a transaction on which the author was integrally involved. It discusses whether microfinance can develop into a true "asset class" and highlights potential pitfalls as the industry penetrates a commercial investor base.

Suggested Citation

Swanson, Brad, The Role of International Capital Markets in Microfinance (Jan 1, 2008). Microfinance: Emerging Trends and Challenges, Sundaresan, Suresh (ed.), Edward Elgar Publishing Limited, 2008, Available at SSRN: https://ssrn.com/abstract=3476813 or http://dx.doi.org/10.2139/ssrn.3476813

Brad Swanson (Contact Author)

Developing World Markets ( email )

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Stamford, CT 06901
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203 655 5453 (Phone)

HOME PAGE: http://www.dwmarkets.com

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