a billion to gain? european microfinance network berlin, 26 april 2007 gera voorrips, ing...
TRANSCRIPT
A Billion to Gain?
European Microfinance Network
Berlin, 26 April 2007
Gera Voorrips, ING Microfinance Support
Commercial Banks participation in microfinance: for business or for CSR?
1. ING
Globally operating financial services provider (top 10)
50 million clients in 60 countries
Banking, insurance and asset management
Well known for working with and for entrepreneurs
More info on www.ing.com
ING and microfinance
Supporting microfinance by making direct contributions, sharing expertise, and increasing awareness (‘CSR’)
Microfinance as a business line in India
Important retail bank in Netherlands, Belgium, Poland and Romania
Microfinance in Europe?
2. A Billion to Gain?
An overview of global financial institutions and their activities in microfinance
Commissioned by the Dutch Ministry of Development co-operation and ING
Originally published in February, updated in November 2006
How are banks involved in microfinance?
Activities
Wholesale and retail
Products
Financial and non-financial
Why are banks involved in microfinance?
Citizenship orientation (‘CSR’)
Commercial orientation
Complementarities: partnerships
ABN AMRO ACCION, Shorecap
Citigroup ACCION, WWB
Deutsche Bank WWB, IFC
ING Oikocredit, WWB, Opportunity
International, UNCDF
Rabobank Terrafina
Société Générale ADIE, Planet Finance
Complementarities: innovations
Loans in local currency
Remittances
Securisations
Leasing
Micro-insurance
Technical assistance
Equity Stakes
Investing funds
Momentum: an increasing involvement
Wholesale loans ~ USD 600 million
Remittances ~ Pilots going on
Equity stakes ~ First movers are there
Investment funds ~ Many
