The latest 2009 edition shows that the global crisis has completely transformed perceptions of the risk landscape for microfinance. An industry once considered to be largely insulated from the “real economy” is now seen as highly vulnerable, particularly as regards prospects for business growth and continued funding.
The Centre for the Study of Financial Innovation is a non-profit think-tank, established in 1993 to look at future developments in the international financial field – particularly from the point of view of practitioners. Its goals include identifying new areas of business, flagging areas of danger and provoking a debate about key financial issues. The Centre has no ideological brief, beyond a belief in open and efficient markets.
CSFI - http://www.csfi.org.uk