Xavier Reille

MSME, MSME, and MSME…

Regionally, MSMEs account for more than 40% of private-sector employment, yet in many MENA countries they lack access to finance, opportunities to market their products, and effective business development services.

Foreign Capital Investment in Microfinance:

Despite the financial crisis, in the past four years foreign investment in microfinance, including both debt and equity, has quadrupled to reach US$13 billion.

Microfinance Investors Adjust Strategy in Tougher Market Conditions

Microfinance Investment Vehicles in 2010 are confronting the most challenging investment environment since the 1990s.

Indian Microfinance Goes Public: The SKS Initial Public Offering

On 28 July 2010 SKS, India’s largest microfinance institution (MFI) with 5.8 million clients, became the first MFI in India to float its shares through an initial public offering (IPO).

SKS IPO Success and Excess

By market standards, the SKS IPO is a great success. Institutional investors have over-subscribed their allocations by 13 times, and the company’s valuation of USD 1.5 billion came in at the top end of the offer band price.