Microfinance Gateway>New CGAP Report Finds that Investors are Backing Microfinance Despite Impact of Crisis

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Home » Announcements » New CGAP Report Finds that Investors are Backing Microfinance Despite Impact of Crisis

New CGAP Report Finds that Investors are Backing Microfinance Despite Impact of Crisis

World markets have been volatile in the wake of the global financial crisis, but investors showed nearly unshakeable faith in the microfinance sector during 2009, driving equity valuations higher even as asset quality and profitability at MFIs deteriorated.

A new report by CGAP and investment bank JP Morgan shows that MFI equity valuations continued to rise across all regions last year, with MFIs in the private equity market trading at a median of 2.1 times their book value – a 62% increase since 2007.

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Posted: 03 Mar 2010
Source: CGAP
Originally Published: 02 Mar 2010