Apexes : An Important Source of Local Funding

• Tác giả: Eric Duflos
• Ngôn ngữ: eng
• Ký hiệu phân loại: 320.8 Local government
• Thông tin xuất bản: Washington, DC: World Bank, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 314058
• Chủ đề: 1. APEX; 2. APEX INSTITUTION; 3. CGAP; 4. COMMERCIAL BANKS; 5. COMMERCIAL FUNDING

Tóm tắt

Apexes are an important source of local funding for microfinance-and even more so since the global financial crisis. Well over US billion per year of public money is being disbursed globally to microfinance through apex funds or local wholesale facilities. The funds are then disbursed by apexes to microfinance institutions (MFIs) mostly as subsidized loans, but occasionally as grants. The funding provided by apexes to MFIs is almost as much as the disbursements that donors and investors made to the entire microfinance sector in 2007, which was about US.5 billion. These large sums demonstrate the importance of apexes as vehicles to channel public money into microfinance.