News from Developing World Markets
Developing World Markets in the Media
July 2, 2007
Hive of microfinance activity attracts serious attention
Investment banks and institutional fund managers are being persuaded to take microfinance institutions seriously as they show better returns than some emerging market investment vehicles and prove their stability in the face of external shocks. Kathryn Tully reports. Read More.
May 25, 2007
Microfinance: not as risky as you think
"Many MFIs report historical repayment levels on loans of 97 per cent or more," despite volatility in domestic and international markets, according to a Financial Times article featuring a correlation study sponsored by DWM. Read More.
September 19, 2006
TIAA-CREF Creates $100 Million Global Microfinance Investment Program, First Investment is $43 Million Private Equity Stake in ProCredit Holding AG
TIAA-CREF, the leading provider of retirement savings products and services in the academic, medical and cultural fields, today announced the creation of a $100 million Global Microfinance Investment Program (GMIP) to invest in selected Microfinance Institutions (MFI's) worldwide. Concurrently, TIAA-CREF also announced GMIP's first investment—a $43 million private equity stake in ProCredit Holding AG, one of the world's leading microfinance companies. Read More.
Press Releases
October 1, 2009
Investment Pensions Asia – Responsible Investments: Microfinance Comes of Age
US and European pension funds and insurance companies support microfinance investing and several microfinance funds are tailored to serve institutions' needs for financial as well as social returns. Read PDF.
November 14, 2008
Capital Increase of MicroCred S.A.
DWM invests equity in microfinance holding company MicroCred S.A. to support the existing subsidiaries and proposed Greenfield Operations Worldwide. Read PDF.
October 22, 2008
Microfinance investor institutions signed on to the Client Protection Principles
DWM joins 33 of the world's largest microfinance investors in endorsing the Client Protection Principles, a industry-wide initiative that encourages providers to ensure that low-income clients are treated fairly and protected from potentially harmful financial products. The Principles are distilled from the path-breaking work of MFIs, international networks and national microfinance associations to develop pro-consumer codes of conduct and practices. Read PDF.