The biggest news in microfinance last month was the sale of equity of Compartamos, a Mexican microfinance institution (MFI), on stockmarkets in both the US and Mexico (see previous article on microcapital). The move stirred up much debate and drawing on this, the Consultative Group to Assist the Poor (CGAP) has recently published a focus note addressing the issues brought up by this development.
At the time of the deal, and ongoing since then, there has been much discussion over this issue, particularly in the Yahoo online microfinance practice group (see previous article on microcapital) which is monitored by Mr. Chuck Waterfield who has more than 20 years of experience in the microfinance industry. Below we quote in full a recent comment posted to the group by Mr. Waterfield regarding the CGAP focus note. Microcapital will also be posting our own paper review of the focus note over the coming days.
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