2009/11/15にJICA東京で行われたLIPマイクロファイナンスフォーラム2009の資料です。 ◆第2部：マイクロファイナンス投資 3. 貧困削減のためのマイクロファイナンス投資 　― Christopher Tan (グラミン財団, フィリピン駐在員)

1. Creating a World
Living in Peace Forum
November 15, 2009
WITHOUT
POVERTY
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2. Overview
• Grameen Foundation Programs
– SPM
– Technology
– Forgotten Bottom
– CMAC
• CMAC Products
– Growth Guarantee
– Pioneer Fund
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3. Headquarters: Washington, DC
Grameen Technology Center: Seattle, WA
Regional offices planned for Asia and sub-
Saharan Africa
Our Global Reach
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4. GF Programs
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5. Social Performance Management
•Developed Progress out of
Poverty Index™
•Objective client poverty
assessment tool
•Already PPIs for 21
countries
•Establishing industry
standard
THE CHALLENGE
Helping microfinance institutions create systems of
accountability around their social goals
OUR STRATEGY
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6. Serving the World’s Poorest People
•Identify, test, scale and
replicate solutions that
•Provide financial tools
•Give access to business
opportunities
THE CHALLENGE
Breaking down barriers to reaching the poorest people with
microfinance and technology
OUR STRATEGY
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7. Technology for Microfinance
•Mifos: open source
microfinance technology
platform
•Successfully deployed
in five organizations
•Technology readiness:
helping organizations adopt
and manage new technology
THE CHALLENGE
Increasing efficiency of microfinance organizations
OUR STRATEGY
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8. Technology For Development
•Establishing cell phone
business opportunities
•Providing vital information
and services such as health
and agriculture via cell phones
THE CHALLENGE
Giving poor people access to relevant information and
business opportunities
OUR STRATEGY
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9. Access to Commercial Capital
Microfinance institutions need financial tools and resources to
help them grow and expand efficiently
•Growth Guarantees: $60 million
program guarantees loans in
local currency from local banks
•Pioneer Fund: direct investment
in smaller institutions working
in poorest communities
•Advisory Services/Investment
Readiness Trainings
THE CHALLENGE
OUR STRATEGY
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10. 10
Growth Guarantee Program
• The basics
 First US$31 million round launched in November 2005 with 9 Donor
Guarantors. GF is currently inviting new Donor Guarantors to join the
program, bringing total program size to $60 million. Current commitment
is $54.5 million.
• How does it work?
 Donor Guarantors use their credit, not their money: Program supporters
do not make a direct financial contribution. They participate by providing
their names and credit while continuing to earn returns on their individual
investment portfolios.
 By working through local banks, GF generates over $4 in micro-loans for
each $1 of guarantee commitment. 100% of a Guarantor’s commitment
goes to leveraging micro-loans for the poor.
• Who does the program support?
 Poverty-focused microfinance institutions (MFIs) aspiring to expand
rapidly and capable of managing large amounts of commercial financing.
GF works with a select group of leading MFIs around the world with
excellent track records in financial and operational performance, strong
management teams, and poverty focus.

11. Pioneer Fund
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Investment Objective
The Pioneer Fund (initial capitalization of $10 million) endeavors to catalyze the microfinance industry
towards the large-scale provision of financial services tailored to the poor in underserved markets.
Investment Focus
The Pioneer Fund will provide senior loans, subordinated loans and standby letters of credit to institutions
that have a strong potential to achieve the its investment objective but lack the required funding.
Investments will be targeted to the following chronically capital-constrained entities:
• High Potential Tier III Microfinance Institutions (MFIs) – Primary Focus
High potential early-stage MFIs who can become tomorrow’s industry leaders and achieve the
Pioneer Fund objectives on a large scale.
• “Industry Pioneers” – Secondary Focus
Innovators with the potential to catalyze the microfinance industry towards achieving Pioneer Fund
objectives, particularly through a demonstration effect. Limited to 25% of total capital deployed
MFIs which are young, small, at or near profitability and not commercially funded are considered
“Tier III”.

12. Contact Information
Jennifer Meehan, CEO, Asia
+ 852.2529.6300
jmeehan@grameenfoundation.org
Mike Gabriel, Asia Product Manager, CMAC
+ 63.917.568.0894
mgabriel@grameenfoundation.org
Christopher Tan, Country Director, Philippines
+ 63.917.507.8030
ctan@grameenfoundation.org
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