managing risk.pdf
managing risk.pdf
managing risk.pdf
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118IndexDonor agenciesin disaster response, 98MFI governance and, 22EEarly warning, 10Ecuadorcredit cooperatives, 105–06repossession rules, 81technology implementations, 106–07Enforcement of loan contract, 5–6External <strong>risk</strong>s, 3, 7FFiduciary responsibility, 23Financial <strong>risk</strong>in natural disasters, 90sources of, 3–4Finarca (Nicaragua), 83Foreign currency lending, 6Foreign exchange, sources of <strong>risk</strong>, 6Franklin, Benjamin, 40Fundusz Mikro (Poland), 95–96FUNHAVI (Mexico), See Housing and HabitatFoundation (Mexico)GGates, Bill, 101Globe Telecom, 105Governance, MFIcapacity assessment, 23bdaily supervision and management, 24donor agency investment and, 22importance of, in <strong>risk</strong> management, 19legal form of institution and, 20microfinance–investment vehicles and, 22nongovernmental organizations, 20organizational flexibility and, 19ownership structure and, 19, 20private investment institutions, 20, 21bregulatory compliance and, 20, 22role of, 19scope, 19transition for-profit structure, 22See also board of directorsGovernment-subsidized loans, 45Grace periods, 6Guarantee funds, 5Guatemala, housing microfinance, 69HHealth insurance, 53Honduras, 4–5, 70Housing and Habitat Foundation (Mexico), 70–71, 73Housing microfinancebenefits, 72–73collateral and repayment guarantees, 68costs, 69distinguishing features, 67–68documentation of ownership or residence, 68gender consideration, 73goals, 67government role, 70lessons from successful programs, 72–73market analysis, 73–74MFI capacity for, 69, 74need for, 67program design and implementation, 73–75program examples, 70–72rate of return, 74repayment period, 74subsidies, 69–70technical assistance, 68–69, 71traditional finance versus, 67, 68tIImp-Act Programme, 24bIndia, 104Information managementbiometric technology and, 109board oversight and, 30to diminish market <strong>risk</strong>, 8–9disaster planning, 92to reduce credit <strong>risk</strong>, 45<strong>risk</strong> management strategies, 13sources of <strong>risk</strong>, 7Insuranceconceptual basis, 53markets, 54, 54fnatural disaster coverage, 92types of, 53See also microinsuranceInterest rateceilings, 46, 47tcompetition among lenders and, 47–48concerns, 41, 43government interventions to reduce, 45–48housing microfinance, 69institutional strategies for lowering, 44–45