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Katherine is a recent graduate from Cal Poly San Luis Obispo where she studied International Business and French. She is currently working at a private equity firm in the San Francisco Bay Area. Katherine loves to travel, and recently spent her summer volunteering in Mauritius.
I work in Advertising Operations at Zillow, but LOVE microfinance. I'm always interested in startups, especially non-profits, reach out to me if you're working on anything cool!
Jason is from Bellingham, Massachusetts, a small suburb between Providence and Boston. He is currently enrolled as an undergraduate student majoring in international business at the University of Massachusetts-Amherst. After working in the commercial and personal loan industry he became interested in microfinancing. When Jason is not working or attending school, he is interested in Boston-based sports teams, meeting new people, and spending time with family and friends. After graduation he plans to work in the personal finance industry while earning his MBA.
MicroRate has just released their seventh annual survey and analysis of the state of microfinance investment. The study finds that microfinance investment vehicles (MIVs) have settled into a lower level of growth after the global financial crisis, with total asset growth at eleven percent. In 2010, the total asset growth was twelve percent, and it is forecasted to be fourteen percent in 2014. The microfinance investment market is moving towards more sustainable growth, and these results show the resilience of these funds within the impact investment asset class. 2011 was a record year for investor redemptions and fund maturities, but growth at existing and new funds resulted in a net inflow. Latin America had the largest share of growth, but the pace of growth was faster in East Asia and the Pacific and Africa.
This annual survey is based on interviews with MIV managers and a survey of the 102 active MIVs. MicroRate received data on eighty-five funds, covering ninety-three percent of global MIV assets.
Click here to read the press release.
Click here to read the full report.