Microfinance Gateway>Mission Investing in Microfinance: A Program Related Investment (PRI) Primer and Toolkit

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Library » Mission Investing in Microfinance: A Program Related Investment (PRI) Primer and Toolkit

Mission Investing in Microfinance: A Program Related Investment (PRI) Primer and Toolkit
Jul 2007, Lewis, J. & Wexler, R.
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Presenting a toolkit on program related investing in microfinance

This primer and toolkit discusses the basic policy, financial and legal issues concerning mission or program related investing in microfinance. It includes model legal documents that a foundation could use to implement its decision.

A program related investment (PRI) is predicated on a foundation accepting some investment risk to advance its charitable mission. The toolkit is intended for foundations interested in microfinance PRIs, especially those offered by MicroCredit Enterprises. MicroCredit Enterprises is a California-based nonprofit corporation that is a tax-exempt public charity. It is a private sector innovation which leverages private capital to provide small business loans to poor entrepreneurs in developing countries. Its special focus is sustainable economic development for families living in extreme poverty

The toolkit focuses specifically on two PRIs offered by MicroCredit Enterprises:

Interest-Bearing, Secured Loans, where a foundation can provide an interest-bearing secured revolving line of credit. Each $1.2 million loan supports up to 12,000 microcredit business loans in developing countries;
Guarantor, where a foundation can guarantee loans to MicroCredit Enterprises. Each $1 million guarantee supports up to 5,000 microcredit business loans.

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15 Feb 2010


The role of microfinance organizations is very important in Georgia nowadays. This opinion comes from several reasons, which are based on following circumstances: Georgia has a developing economy which is not stable and is on the difficult way to growth. After the war in 2008 the level of unemployment is extremely high. There are not enough finances and profit for the families to provide minimum living conditions. Our organization is gaining experience, but even now we could say that we bring a considerable contribution to supporting entrepreneurial activity and employment. We work on the bases which is more suitable for the people. As the research showed for Georgian population most accessible way to gain even a small profit is to establish private entrepreneur or/and develop their business in a small scale (small or medium size business) Best, k. kakhiani Director

Kakhaber Kakhiani Microfinancial Organization Easycred Georgia Georgia

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Journal Volume/Pages:
82

Publisher(s):
MicroCredit Enterprises