Fondeo de microfinancieras. Tom áš Hes Prague , 1 7th of May 2011. ONE OF 3 MAJOR OBSTACLES FOR PRODUCTIVE GROWTH OF DEVELOPING COUNTRIES IS….. LACK OF PRODUCTIVE CAPITAL . ABSURD DISPARI TY between the need and the availability
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Prague, 17th ofMay2011
ABSURDDISPARITY between the need and the availability
Central bank interest rates
South Africa 10.0%
Hong Kong 6.75%
New Zealand 8.25%
Czech Republic 3.25%
United Kingdom 5.75%
United States 5.25%
$2.71 trillion in total assets
Each one in 9 dollars is related to SRI
SRI increased by 18% entre 2005-2007, while other assets under professional custody increased only 3%
However only 0.5% of SRI is channeled to microfinance
Data from 2007 Report on Socially Responsible Investing Trends in the United States
Social responsible investments represented 11% of $25.1 trillions under professional custody in 2007
Source: Microrate 2010 MIV Survey
Feweconomiesoutof 137 sample grouphavelegalprotectionsagainst unfair practices in financialsector
Source: Financial Access 2010
Source: CGAP 2010
Structure of international microfinance funding in 2006
Source: MicroBanking Bulletin
Who is myELEN.com? GENESISThe idea was conceived in 2006, after experience of one of the founders in Mexican microfinance. The inspiration was blatant disparity between price of capital in Mexico and Europe – linked with internet.
Between years 2007-2011, Czech myELEN.com has proven its microfinance funding model, belonging to the first endeavors of its kind. myELEN.com is the only funding portal that intermediates investment funding through direct legally founded relationship between the investor & MFI. Today, the portal has managed to channel to 5 Mexican MFI´s cca. 1,000,000 EUR from cca 400+ private investors.
Czech „e-bay“ of socially responsible investments
to fundmicrocredit on line
instant accessthrough internet fromanywhere
peer to peer lending: thepoorindividualscan
Shareholders of the project belong to important Czech economists and entrepreneurs. The IT structure of the project is based upon experience of creators of izip.com, system of electronic health records, which earned distinction of Project of e-Health the Year in European Union in 2005, currently with 2,000,000+ clients.
complementary non-profit activities
In January 2008, followed by a great attention of press, politicians, diplomats and NGOs, the portal was launched officialy.
Bank account MFI, Mexico
presents on the web photographs and description of:
a) Individual applicants, clients of partner MFI
b) Village banks, composed by clients of partner MFI
c) MFI´s, that present on the web
• their financial statements
• founding charter
• CV’s of top management
• business plan
• resolutions of the board
The investor, physical person or institution, has the opportunity to select desired debtor
according to sector, country and type of organization. Currently we offer three type
of investment products in USD, EUR, CZK:
a) investment with repayment of interest & capital after 12 months
b) investment with repayment of interest quarterly and capital after 12 months
c) investment with repayment of interest & capital quarterly in 12 months
The interest rate to investors ranges from 2% p.a. to 8% p.a.,
according to the amount. Minimum investment is 300 USD, maximum is unlimited.
The FX is in all cases born by the MFIs.
Política de fondeo e instituciones que les interesa apoyar1. MICROFINANCIERAS DE TAMAÑO MÉDIO, ONGS Y PRIVADAS 2. COOPERATIVAS - 3 años en el mercado - números negros - política de expansión conservadora - empresas consolidadas y con una fuerte política social
Experiencias1. números negros 2. expansión mesurada 3. buena combinación entre la administracion financiera y el impacto social 4. tamaño mayor a 15 mdp en portafolio 5. crédito grupal 6. capacidad de comunicación por internet rápida y interactiva 7. capacidad de aceptar pequenas inversiones de 1-2 k USD 8. aceptación de firma digital en los contratos + pagarés paralelamente
Experiencia nos demostro que: 1. 80% los inversionistas privados reinvierten 2. la confianza se construye entre inversionistas privados y la IMF paso a paso 3. la capacidad de manejar a la tecnología es un proceso en la IMF 4. tardanzas y falta de comunicación lleva a perdida de inversionistas 5. el inversionista privado prefiere saber la verdad de que dar vueltas y sabe remunerar esta capacidad