個案總覽

In 2009 IFMR Capital sought to create new funding options for microfinance institutions by using a structured finance approach to attract a new class of capital market investors, including pension funds, bank treasury desks, mutual funds, and private wealth financiers. But what financial structure would be most attractive to these nonbank funders? Would the existing market infrastructure be sufficient to support the new financial structure? How would IFMR Capital ensure that the interests of all participants were aligned correctly? Would microloan securitization be scalable? In this case, students analyze the components of the launch of IFMR Trust Pioneer II to answer these questions.

Grameen America, an independent not-for-profit organization using Grameen Bank's lending methodology and expertise, was launched in 2008 in Queens, New York. It targeted the growing segment of the U.S. population which was underserved by traditional financial institutions. What changes, if any, would Grameen America need to make in applying Grameen's business model to the US market? And what were its prospects for future growth?