Global Partnerships and Unitus in Collaboration to Reduce Currency Risk for Micr...

Print
 
Nov 2008
Seattle, United States, November, 18 2008 - Global Partnerships and Unitus, along with a number of the world’s other leading microfinance investment vehicles, have created an organization to handle bulk currency swaps.

The new organization, MFX Solutions, will allow Global and Unitus to lend in local currency. Because of the volatility of exchange rates, lending in local currency significantly reduces risk for microfinance institutions in non-dollar or euro economies. As a result, interest rates on loans to micro borrowers are lower.

Puget Sound Business Journal reported on the collaboration and on Global Partnerships’ new fund that leverages $1.5million in philanthropy to make $20million available for microloans.



Source : SeaMO
 

Research Analysis Tools

The fund indexes, institution benchmarks and other market information displayed here are all Symbiotics designed analysis tools, created in-house by our analysts and experts. Symbiotics has one of the oldest track records in microfinance investment analysis dating back to the late 1990s; its indexes and benchmarks have been regularly used as markers by investors, asset managers, financial institutions and practitioners. These, as well as several other research products, are available through the Research Account. Click on the link below to find out more.

Learn More