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Apex institutions in microfinance : Les institutions faitieres et la microfinance (French)

An apex institution is a second-tier or wholesale organization that channels funding (grants, loans, guarantees) to multiple microfinance institutions (MFIs) in a single country or region. Funding may be provided with or without supporting technical services. Donors often use apex institutions to deliver funding and technical services in countries where MFIs appear too small or numerous for direct funding relationships. Apexes are attractive because they permit donors to pass the difficult and time-consuming task of MFI selection to a local institution that is assumed to have the requisite skills. The majority of apex institutions have unfortunately produced disappointing results, often because they were set up in countries without a critical mass of good MFIs with the capacity to absorb apex funding. This note describes the characteristics of a good apex institutions, common challenges faced by apex institutions, and ways donors can support the development of good apex institutions.

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Citation

Helms,Brigit S. Levy,Fred D. Rosenberg,Richard

Apex institutions in microfinance : Les institutions faitieres et la microfinance (French). CGAP donor brief ; no. 5 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/904731468141267834/Les-institutions-faitieres-et-la-microfinance