The global microfinance industry is experiencing an unprecedented resource gap in which the largest MFIs receive the bulk of financial resources. As a result, small and innovative MFIs, especially those working with marginalized and rural populations, are being increasingly neglected.
FIG has a proven track record in incubating these small and medium MFIs, helping them access financing, build capacity and reach sustainability. FIG's carefully structured bank guarantees give MFIs access to local bank loans, helping them develop lasting relationships with banks and avoiding the currency risk inherent in foreign direct loans.
In addition to issuing guarantees, FIG assists MFIs by
FIG's success is measured not only in the MFIs it has helped graduate to financial sustainability, but in its historical loss rate of less than 3%.
FIG has a proven track record in incubating these small and medium MFIs, helping them access financing, build capacity and reach sustainability. FIG's carefully structured bank guarantees give MFIs access to local bank loans, helping them develop lasting relationships with banks and avoiding the currency risk inherent in foreign direct loans.
In addition to issuing guarantees, FIG assists MFIs by
- providing technical assistance,
- negotiating better terms with local banks, and
- introducing them to regional and international networks.
FIG's success is measured not only in the MFIs it has helped graduate to financial sustainability, but in its historical loss rate of less than 3%.
FIG c/o RAFAD Foundation - C.P. 117 - Rue de Varembé 1 - CH-1211 Geneva 20 - Switzerland / Phone: +41 22 733 5073 - Fax: +41 22 734 7083