Promoting responsible microfinance
Microfinance has gradually been structured, regulated and the range of actors extended in order to meet increasing demand (over 90 million clients around the world in 2012).
Commercial banks have developed specific products alongside NGOs, which have led the activity for a long time. Similarly, investment vehicles have been set up to facilitate the mobilization of the capital required to develop the activity of microfinance institutions (MFIs), while ensuring a certain level of return for investors.
Microfinance is today an essential component of the financial system in Southern countries, but it still needs to face a number of challenges: the first is to continue to be a tool for development and financial inclusion for populations, by maintaining the balance between its social mission and its economic viability.