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lovephileo's review
Investment Sector: Emerging Markets Submitted by Lovephileo
, WEB CONSULTANT / PASTOR
at LIGHT OF THE WORLD CHRISTIAN CENTER
over 2 years ago Tags: microfinance capital market MFI market innovations investment social business Muhammad Yunus Add Tag |
Could you imagine a world which there are no more poor people? When the spirit of cooperation and unity among all sectors in the business world is attained? The time has come to innovate and revolutionize the world. Sounds impossible, yet an unprecedented positive global response to microfinancing is now underway. The market economy can catch the vision and passion to heal the world from pain and poverty. "Social Businesses" - a new business model set by Professor Muhammad Yunus can be used to fight poverty. Investors who want to do something worthy with their money can be invested in businesses whether by form of donation or financing the micro financing.
Most commonly, the fund investors are foundations, NGO's, religious groups, multilateral, regional or bilateral development banks but now a review of investors on the MIX ( Microfinance Information Exchange ) Market, currently lists 85 active private investment funds which serve the microfinance industry such as in the capital markets, private capital, domestic banks and International Financial Institutions.
Elizabeth Littlefield, World Bank ( WB ) director, recently expressed her view of the future direction of the micro finance. In one subject she mentioned the explosion of investment funds in the microfinance industry. This is clearly an important growth trend in the industry. She highlights the situation where the commercial sector is coming down and the microfinance sector is building out and they are meeting in the middle. This convergent revolution strengthens the industry and making a mass influx of MFI operation in the future.
All over the developing world people are waking up and learning to merge and to partner with, aiming at a world without poverty. It's a high time to make microfinancing fully part of the mainstream, so it can boost equitable economic growth while at the same time lifting millions of people out of poverty, with self-determination, self-respect and dignity. But it requires passion and humility. To leave behind an old self-ego and to press toward into something that would transform the world.
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