Microfinance Gateway>European Microfinance Funds Record 16% Volume Growth in 2009

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Home » News & Opinion » European Microfinance Funds Record 16% Volume Growth in 2009

European Microfinance Funds Record 16% Volume Growth in 2009

PlaNIS, an entity of PlaNet Finance Group dedicated to advising Socially Responsible Investment (SRI) funds, has reported that during the last decade, the microfinance sector has benefited from a sustained growth due to an increased interest from many international investors. In 2008, European funds assets dedicated to microfinance have grown by 31% thanks to private investors and public entities.

In 2009, in a very tough economic environment damaged by the crisis, SRI funds dedicated to microfinance have continued to increase their fundraising, with a 16% volume growth. Today, SRI European funds represent more than US$6 billion.

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Posted: 09 Mar 2010
Source: Microfinance Monitor
Originally Published: 06 Mar 2010