MFX Solutions, a US-based company that provides currency hedging solutions for microfinance institutions (MFIs) and microfinance investment vehicles (MIVs), has released a French-language version of its Comprehensive Asset/Liability Management (CALM) Tool. CALM is a “long-range financial statement model for microfinance institutions and small banks” that is intended to help them develop and improve their asset and liability management including handling risk management, portfolio quality, foreign exchange and changes to market interest rates.
Both English and French versions of CALM are available at http://www.mfxsolutions.com.
MFX has raised USD 13 million and hedges 10 to 18 times that amount. The organization has a USD 20 million guarantee from the Overseas Private Investment Corporation, an agency of the United States government acting to promote international economic development.
By Charlotte Newman, Research Associate
About MFX Solutions
MFX Solutions is a US-based microfinance currency risk solution company that was started by Accion, the Calvert Foundation, MicroRate, Global Partnerships and Calmeadow Foundation in 2008. MFX provides hedging products and risk management education to entrepreneurs in low-income countries. MFX has raised USD 13 million and hedges 10 to 18 times that amount. The organization has a USD 20 million guarantee from the Overseas Private Investment Corporation, an agency of the United States government acting to promote international economic development.
Sources and Additional Resources:
Information sent to MicroCapital by MFX Solutions.
MicroCapital.org story, January 24, 2011, “MICROCAPITAL BRIEF: MFX Solutions Publishes ‘Risky Business: An Empirical Analysis of Foreign Exchange Risk Exposure in Microfinance’,” http://www.microcapital.org/microcapital-brief-mfx-solutions-publishes-risky-business-an-empirical-analysis-of-foreign-exchange-risk-exposure-in-microfinance/
MicroCapital.org story, August 2, 2012, “MICROCAPITAL BRIEF: Accion Launches Microfinance Portfolio Management Service ‘Avanza’,” http://www.microcapital.org/microcapital-brief-accion-launches-microfinance-portfolio-management-service-avanza/
MicroCapital Universe Profile: MFX Solutions
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