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1 !"#$%&'()* 25 2004 1 !"#$%&'!"# !"#$%& !"#$%& 1 (MFIs)!"#$%&'()*+,!"#$% !"#$%&'()*+, !"#$%&'()*+,-. ! !"#$%&'()* !"#$%&' !"#$%&'!()*+ !"# !"#$%&'()!*+,-./0.123456789: !"#$%&'()*+,-./0123456789:;<= !"#$%&'()*+,-"./10 !"#$ !"# !" !"#$%&'()*+ 6.8 ! ! !"#$"%&'( !" !"# !"#$!"#$%&'(!"#$%&'(!""#$ !"# !"#$%&'()*+,-./01234-567./8 !"#$%&'!"(#$)* !"#$%&' !"#!$%& !"#$%&'()* !"#$%&'()*+,-$./ !"# !"#$%&'( !"#$%&' !"#$% !"#$%& !"#$%&'$( !"#$%&'()* !"#$%& !"# !"#$%&'()$*+,!" 10 !"#$%&'( 90% !"#$%&"'( !"#$%&'()*+!"!"#$%!"#$ FocusNote Foreign Investment In Microfinance: Debt And Equity From Quasi-commercial Investors 1 !"#$%&'()!*+,!"#$%&'()*+!"#$%&'!"(!"#$ !"#$%&'()*+, !" CGAP !"#$% !"#$%&'()*+$%, !"#$%&'( !"#$%&'()!" !"#$%& CGAP !" 1818 H Street NW, Washington DC 20433 2024739594 2025223744 [email protected] www.cgap.org ! !"#

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Page 1: FocusNote - CGAP€¦ · S CORDAID LAC, S Asia, 0% 100% 0% MENA,EAsia S Hivos-Triodos LAC, S Asia, 38% 25% 73% 2% MENA, E Asia S LA-CIF LAC 0% 100% 100% S !"# ECA, 25% 25% 50% S Triodos-Doen

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