Promoting Inclusive Markets and Financial Systems
SEEP Releases Market Outlook Report 2012
New Report Highlights Global Trends among Microfinance Associations
Role of government, competition, and renewed focus on the client cited as top priorities
Washington, D.C. – May 28, 2012 – The SEEP Network, with financial support from Citi Microfinance, is pleased to announce the release of Market Outlook 2012: Perspectives of Microfinance Association Leaders. The report provides a snapshot of the rapidly transforming and heterogeneous global microfinance industry. As the industry matures, there is an increased demand for information on the microfinance market and microfinance institutions (MFIs). By harnessing the insight from 4,743 MFIs internationally, the SEEP Market Outlook 2012 is intended not only to address this demand, but to promote debate and better the understanding of a transforming sector.
The report was officially launched at the MFC Conference in Tbilisi, Georgia by SEEP board member Debora Drake. On launching the report, Ms Drake said, "The SEEP Market Outlook 2012 provides a unique, on-the-ground view and analysis of the microfinance sector over the next 12-18 months from those who know it best: directors of local and regional microfinance associations from around the globe. Association leaders’ knowledge of the local market, access to quality information and most importantly, close relationships with practitioners and clients facilitates deeper insight on the direction of microfinance. Their views on market changes, trends, risks and priorities in microfinance which are articulated in this report will be very useful for all involved in the industry."
The report identified three commons themes among the 37 associations surveyed. The first is the role of government, which includes regulation and political instability. The second theme was competition, with both positive and negative connotations for associations. The final common theme was a renewed focus on the client, including the development of new programs to assist client understanding.
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About the SEEP Network
The SEEP Network is a nonprofit network of over 130 international organizations that believe in the power of enterprise to reduce global poverty. SEEP members connect in a global learning community to increase their impact in over 170 countries, where they collectively serve over 89 million microentrepreneurs and their families. Through SEEP’s learning initiatives, microenterprise development practitioners co-create and exchange strategies, standards, and tools for building healthy economies with a sustainable income in every household.