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Capital Markets- Utility for Micro-finance

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  • Dash, Debasis Kumar

Abstract

The Paper deals with the situation for efficient use of Capital Markets for financing Micro-finance Institutions. In order to sustain the growth in the microfinance industry, it is necessary to shifting the loan financing for MFIs from traditional lenders to capital markets. This can primarily be achieved through securitization and CDOs. Both have different advantages to offer which can be tapped separately and also customized on a case‐by‐case basis. Apart from the domestic commercial investors, foreign market debt can also be tapped for the funding needs of the MFIs but for that to function properly, the FXR has to be managed which can be effectively done through the creation of a “global local currency fund” which basically works on the principle of diversification.

Suggested Citation

  • Dash, Debasis Kumar, 2010. "Capital Markets- Utility for Micro-finance," MPRA Paper 27458, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:27458
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    File URL: https://mpra.ub.uni-muenchen.de/27458/1/MPRA_paper_27458.pdf
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    More about this item

    Keywords

    Micro-Finance; Capital Markets; Securitization; Tranching;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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