The entrepreneurs that Mifex will fund operate in the world's poorest economic sectors where there is high demand for financial and consulting services. To understand the effects and potential of this unmet demand it is necessary to discuss the economic environment of these entrepren...
Ecuador has the largest growing microfinance industry in South America. According to the Superintendence of Banks and Insurance, the purse size of MFIs grew 148% between August of 2004 and 2005. These numbers are extremely encouraging for a new MFI that is entering the market when it is potentially approaching a peak in growth, especially when you c...
The poor are a population living in high risk environments with limited access to formal sectors of government and business. Their unstable surroundings and low incomes previously kept conventional thinking from considering them a segment of the population that needed or could manage financial services, but recently th...
The problems that Ecuador faced in 2000 were an accumulation of many years of struggling economies and governments. The blunders of the government began to have a crippling effect on the nation in the 1980's when there was a "debt crisis" that led to many macroeconomic changes that led to exchange rate instability. Along with an external debt that ...