IAMFI

As the microfinance sector has evolved, commercially viable operations have expanded, and the dominant flow of capital to microfinance has moved from donor to investor sources. Where once foundations and public institutions were primary funders, an increasing number of capital-hungry microfinance institutions has attracted a broad range of private investors. Inndividuals, corporations, foundations, investment banks, brokers, etc. are now interested in microfinance as an investment. This has prompted the creation of a large number of investment vehicles.

This fragmented investment environment is plagued by a noticeable shortage of information and a low level of transparency. The lack of broadly accepted investment guidelines and standards, as well as an absence of many of the expected investor services has hampered the growth of this asset class.

In 2006, GMC and Omidyar Network convened microfinance investors to craft a strategic plan for a microfinance investor association that would focus on collecting and disseminating credible industry data. It seeks to attract informed investors with data on responsible investments, facilitating dialogue and cooperation within the industry. This group would establish best practices, and explore opportunities to influence public policy.

In 2007, GMC led the process of formally incorporating the International Association of Microfinance Investors (IAMFI), raising seed capital and hiring Joan Trant as Executive Director. Sam Moss continues his involvement as the Chairman of the Board of Directors.

For more information, please visit: http://iamfi.com/