Introductie

Microfinanciering Lezingen

Introductie

2Graag heet ik u welkom bij deze introductievideo waar in wij u meer zullen gaan vertellen in 5 verschillende sessies over de wereld die microfinanciering heet.

Dutch Microfund teamInvestment analystDa Wang

Wenhan Lian

Fund manager Huib Boissevain

3Eind verantwoordelijke en fundmanager is Huib Boissevain. Da Wang en Wenhan Lian zijn beiden verantwoordelijk voor de selectie van de fondsen waar het Dutch Microfund in investeert.

1. Wie zijn we

Wij zijn fondsmanager van het Dutch Microfund.

Het Dutch Microfund is een van de fondsen van Annexum, gespecialiseerd in beleggingen in microfinanciering.

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1. Wie zijn we Het fonds

- start in mei 2008 - heeft een commercieel georinteerde investeringsaanpak - resulteert in financile en sociale duurzaamheid

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2. Introductie Microfinanciering Lezingen Dutch Microfund organiseert een reeks van "Microfinanciering Lezingen" om onze investeerders te informeren over de nieuwste ontwikkelingen in microfinanciering

8There are 1.1 billion people live on less than US $ 1 per day. For many years the question has been there , how can the poverty be alleviated. How can the hungry be feed. With all the effects to fight poverty, why is it still so prevalent in the world? Many wonder if there is any answer to these questions. Yet wherever we turn, there they are, staring back at us.

You might thought that the poor in developing countries, probably lack of working ethic, they didnt try hard enough, or they should try harder. In reality, these people work incredible hard, they have to. Because if they dont , their babies starve and people die, and life stops.

What the poor lack is the opportunity, they dont lack motivation, they dont lack ability, they need a chance to change.There are 2.5 billions of poor people around the world who have no access to financial services, the market Currently only meets 10% to 20% of the potential demand.The quicker we are able to give them support, the better.

This urgency to help the poor is exactly why Mirofinance was created. The answer to the poverty begin to cover different part of the world. Perhaps not THE solution but A solution. Microfinance is a method of helping the poor to help themselves.An idea is so simple that many were asking why it had not been tried before.

It was not a charity handout or another development program. It is something that we had been reluctant to given in the past credit.Having access to financial capital would allow the poor to start or grow their small businesses. It is not a gift but a loan, to be repaid with formal interest. This sort of service is commonly entitled as Microfinance.

In the business term, Microfinance is retail banking for developing countries to provide financial services for relative poor but economically active people. Access to credit and other financial services, helps people create a more stable and sustainable income situation for themselves.

Today, microfinance organizations across the global give microcredit loans to millions of families in the poors nations, most of the loans go to women, who have proven to be uniquely qualified at growing their businesses. The loan size is usually between 50 and 150 dollars, the recipient use the loan for their small business, then pay it back with competitive interest rate. The profit is invested in health care and education of their families.

The result broke all conventional thinking, not only did these borrowers grow their business and improve their life, but they repay their loans on time. With an average 95% repayment rate which is well above the traditional banks, microfinance institutions would be able to provide those money again to other micro entrepreneurs.

In the following session, we are going to explain the term of Microfinance Intuitions which is also called MFIs.

2. Introductie Microfinanciering Lezingen Toenemend belang en aandacht van het publiek Microfinanciering - een eenvoudige methode doorbreekt conventioneel denkenWereldwijde trend in duurzaam beleggen investeer in mensen

10There are 1.1 billion people live on less than US $ 1 per day. For many years the question has been there , how can the poverty be alleviated. How can the hungry be feed. With all the effects to fight poverty, why is it still so prevalent in the world? Many wonder if there is any answer to these questions. Yet wherever we turn, there they are, staring back at us.

You might thought that the poor in developing countries, probably lack of working ethic, they didnt try hard enough, or they should try harder. In reality, these people work incredible hard, they have to. Because if they dont , their babies starve and people die, and life stops.

What the poor lack is the opportunity, they dont lack motivation, they dont lack ability, they need a chance to change.There are 2.5 billions of poor people around the world who have no access to financial services, the market Currently only meets 10% to 20% of the potential demand.The quicker we are able to give them support, the better.

This urgency to help the poor is exactly why Mirofinance was created. The answer to the poverty begin to cover different part of the world. Perhaps not THE solution but A solution. Microfinance is a method of helping the poor to help themselves.An idea is so simple that many were asking why it had not been tried before.

It was not a charity handout or another development program. It is something that we had been reluctant to given in the past credit.Having access to financial capital would allow the poor to start or grow their small businesses. It is not a gift but a loan, to be repaid with formal interest. This sort of service is commonly entitled as Microfinance.

In the business term, Microfinance is retail banking for developing countries to provide financial services for relative poor but economically active people. Access to credit and other financial services, helps people create a more stable and sustainable income situation for themselves.

Today, microfinance organizations across the global give microcredit loans to millions of families in the poors nations, most of the loans go to women, who have proven to be uniquely qualified at growing their businesses. The loan size is usually between 50 and 150 dollars, the recipient use the loan for their small business, then pay it back with competitive interest rate. The profit is invested in health care and education of their families.

The result broke all conventional thinking, not only did these borrowers grow their business and improve their life, but they repay their loans on time. With an average 95% repayment rate which is well above the traditional banks, microfinance institutions would be able to provide those money again to other micro entrepreneurs.

In the following session, we are going to explain the term of Microfinance Intuitions which is also called MFIs.

2. Introductie Microfinanciering Lezingen 1. Wat is microfinanciering2. Wat zijn microfinancieringsinstellingen (MFI)3. Hoe te beleggen in Microfinanciering?4. Dutch Microfund5. Marktontwikkeling

12There are 1.1 billion people live on less than US $ 1 per day. For many years the question has been there , how can the poverty be alleviated. How can the hungry be feed. With all the effects to fight poverty, why is it still so prevalent in the world? Many wonder if there is any answer to these questions. Yet wherever we turn, there they are, staring back at us.

You might thought that the poor in developing countries, probably lack of working ethic, they didnt try hard enough, or they should try harder. In reality, these people work incredible hard, they have to. Because if they dont , their babies starve and people die, and life stops.

What the poor lack is the opportunity, they dont lack motivation, they dont lack ability, they need a chance to change.There are 2.5 billions of poor people around the world who have no access to financial services, the market Currently only meets 10% to 20% of the potential demand.The quicker we are able to give them support, the better.

This urgency to help the poor is exactly why Mirofinance was created. The answer to the poverty begin to cover different part of the world. Perhaps not THE solution but A solution. Microfinance is a method of helping the poor to help themselves.An idea is so simple that many were asking why it had not been tried before.

It was not a charity handout or another development program. It is something that we had been reluctant to given in the past credit.Having access to financial capital would allow the poor to start or grow their small businesses. It is not a gift but a loan, to be repaid with formal interest. This sort of service is commonly entitled as Microfinance.

In the business term, Microfinance is retail banking for developing countries to provide financial services for relative poor but economically active people. Access to credit and other financial services, helps people create a more stable and sustainable income situation for themselves.

Today, microfinance organizations across the global give microcredit loans to millions of families in the poors nations, most of the loans go to women, who have proven to be uniquely qualified at growing their businesses. The loan size is usually between 50 and 150 dollars, the recipient use the loan for their small business, then pay it back with competitive interest rate. The profit is invested in health care and education of their families.

The result broke all conventional thinking, not only did these borrowers grow their business and improve their life, but they repay their loans on time. With an average 95% repayment rate which is well above the traditional banks, microfinance institutions would be able to provide those money again to other micro entrepreneurs.

In the following session, we are going to explain the term of Microfinance Intuitions which is also called MFIs.

Verder naar les 1 Klik hier voor contact

Les 1 Wat is microfinanciering ?

1. De financile behoefte

1.1 miljard mensen leven van US $ 1 per dag

2.7 miljard mensen leven van US $ 2 per dag

16There are 1.1 billion people live on less than US $ 1 per day. For many years the question has been there , how can the poverty be alleviated. How can the hungry be feed. With all the effects to fight poverty, why is it still so prevalent in the world? Many wonder if there is any answer to these questions. Yet wherever we turn, there they are, staring back at us.

You might thought that the poor in developing countries, probably lack of working ethic, they didnt try hard enough, or they should try harder. In reality, these people work incredible hard, they have to. Because if they dont , their babies starve and people die, and life stops.

What the poor lack is the opportunity, they dont lack motivation, they dont lack ability, they need a chance to change.There are 2.5 billions of poor people around the world who have no access to financial services, the market Currently only meets 10% to 20% of the potential demand.The quicker we are able to give them support, the better.

This urgency to help the poor is exactly why Mirofinance was created. The answer to the poverty begin to cover different part of the world. Perhaps not THE solution but A solution. Microfinance is a method of helping the poor to help themselves.An idea is so simple that many were asking why it had not been tried before.

It was not a charity handout or another development program. It is something that we had been reluctant to given in the past credit.Having access to financial capital would allow the poor to start or grow their small businesses. It is not a gift but a loan, to be repaid with formal interest. This sort of service is commonly entitled as Microfinance.

In the business term, Microfinance is retail banking for developing countries to provide financial services for relative poor but economically active people. Access to credit and other financial services, helps people create a more stable and sustainable income situation for themselves.

Today, microfinance organizations across the global give microcredit loans to millions of families in the poors nations, most of the loans go to women, who have proven to be uniquely qualified at growing their businesses. The loan size is usually between 50 and 150 dollars, the recipient use the loan for their small business, then pay it back with competitive interest rate. The profit is invested in health care and education of their families.

The result broke all conventional thinking, not only did these borrowers grow their business and improve their life, but they repay their loans on time. With an average 95% repayment rate which is well above the traditional banks, microfinance institutions would be able to provide those money again to other micro entrepreneurs.

In the following session, we are going to explain the term of Microfinance Intuitions which is also called MFIs.

1. De financile behoefte

2.5 miljard mensen hebben geen toegang tot de financile dienstverlening

Momenteel wordt slechts 10% tot 20% van deze markt bediend

18There are 1.1 billion people live on less than US $ 1 per day. For many years the question has been there , how can the poverty be alleviated. How can the hungry be feed. With all the effects to fight poverty, why is it still so prevalent in the world? Many wonder if there is any answer to these questions. Yet wherever we turn, there they are, staring back at us.

You might thought that the poor in developing countries, probably lack of working ethic, they didnt try hard enough, or they should try harder. In reality, these people work incredible hard, they have to. Because if they dont , their babies starve and people die, and life stops.

What the poor lack is the opportunity, they dont lack motivation, they dont lack ability, they need a chance to change.There are 2.5 billions of poor people around the world who have no access to financial services, the market Currently only meets 10% to 20% of the potential demand.The quicker we are able to give them support, the better.

This urgency to help the poor is exactly why Mirofinance was created. The answer to the poverty begin to cover different part of the world. Perhaps not THE solution but A solution. Microfinance is a method of helping the poor to help themselves.An idea is so simple that many were asking why it had not been tried before.

It was not a charity handout or another development program. It is something that we had been reluctant to given in the past credit.Having access to financial capital would allow the poor to start or grow their small businesses. It is not a gift but a loan, to be repaid with formal interest. This sort of service is commonly entitled as Microfinance.

In the business term, Microfinance is retail banking for developing countries to provide financial services for relative poor but economically active people. Access to credit and other financial services, helps people create a more stable and sustainable income situation for themselves.

Today, microfinance organizations across the global give microcredit loans to millions of families in the poors nations, most of the loans go to women, who have proven to be uniquely qualified at growing their businesses. The loan size is usually between 50 and 150 dollars, the recipient use the loan for their small business, then pay it back with competitive interest rate. The profit is invested in health care and education of their families.

The result broke all conventional thinking, not only did these borrowers grow their business and improve their life, but they repay their loans on time. With an average 95% repayment rate which is well above the traditional banks, microfinance institutions would be able to provide those money again to other micro entrepreneurs.

In the following session, we are going to explain the term of Microfinance Intuitions which is also called MFIs.

2. Wat is Microfinanciering

Microfinanciering is het verstrekken van leningen, sparen, en andere fundamentele financile diensten aan de armen.

20There are 1.1 billion people live on less than US $ 1 per day. For many years the question has been there , how can the poverty be alleviated. How can the hungry be feed. With all the effects to fight poverty, why is it still so prevalent in the world? Many wonder if there is any answer to these questions. Yet wherever we turn, there they are, staring back at us.

You might thought that the poor in developing countries, probably lack of working ethic, they didnt try hard enough, or they should try harder. In reality, these people work incredible hard, they have to. Because if they dont , their babies starve and people die, and life stops.

What the poor lack is the opportunity, they dont lack motivation, they dont lack ability, they need a chance to change.There are 2.5 billions of poor people around the world who have no access to financial services, the market Currently only meets 10% to 20% of the potential demand.The quicker we are able to give them support, the better.

This urgency to help the poor is exactly why Mirofinance was created. The answer to the poverty begin to cover different part of the world. Perhaps not THE solution but A solution. Microfinance is a method of helping the poor to help themselves.An idea is so simple that many were asking why it had not been tried before.

It was not a charity handout or another development program. It is something that we had been reluctant to given in the past credit.Having access to financial capital would allow the poor to start or grow their small businesses. It is not a gift but a loan, to be repaid with formal interest. This sort of service is commonly entitled as Microfinance.

In the business term, Microfinance is retail banking for developing countries to provide financial services for relative poor but economically active people. Access to credit and other financial services, helps people create a more stable and sustainable income situation for themselves.

Today, microfinance organizations across the global give microcredit loans to millions of families in the poors nations, most of the loans go to women, who have proven to be uniquely qualified at growing their businesses. The loan size is usually between 50 and 150 dollars, the recipient use the loan for their small business, then pay it back with competitive interest rate. The profit is invested in health care and education of their families.

The result broke all conventional thinking, not only did these borrowers grow their business and improve their life, but they repay their loans on time. With an average 95% repayment rate which is well above the traditional banks, microfinance institutions would be able to provide those money again to other micro entrepreneurs.

In the following session, we are going to explain the term of Microfinance Intuitions which is also called MFIs.

2. Wat is Microfinanciering

Mensen creren een meer stabiel inkomen doordat zij toegang hebben tot financile middelen.

Microfinanciering helpt de armen om zichzelf te helpen.

22There are 1.1 billion people live on less than US $ 1 per day. For many years the question has been there , how can the poverty be alleviated. How can the hungry be feed. With all the effects to fight poverty, why is it still so prevalent in the world? Many wonder if there is any answer to these questions. Yet wherever we turn, there they are, staring back at us.

You might thought that the poor in developing countries, probably lack of working ethic, they didnt try hard enough, or they should try harder. In reality, these people work incredible hard, they have to. Because if they dont , their babies starve and people die, and life stops.

What the poor lack is the opportunity, they dont lack motivation, they dont lack ability, they need a chance to change.There are 2.5 billions of poor people around the world who have no access to financial services, the market Currently only meets 10% to 20% of the potential demand.The quicker we are able to give them support, the better.

This urgency to help the poor is exactly why Mirofinance was created. The answer to the poverty begin to cover different part of the world. Perhaps not THE solution but A solution. Microfinance is a method of helping the poor to help themselves.An idea is so simple that many were asking why it had not been tried before.

It was not a charity handout or another development program. It is something that we had been reluctant to given in the past credit.Having access to financial capital would allow the poor to start or grow their small businesses. It is not a gift but a loan, to be repaid with formal interest. This sort of service is commonly entitled as Microfinance.

In the business term, Microfinance is retail banking for developing countries to provide financial services for relative poor but economically active people. Access to credit and other financial services, helps people create a more stable and sustainable income situation for themselves.

Today, microfinance organizations across the global give microcredit loans to millions of families in the poors nations, most of the loans go to women, who have proven to be uniquely qualified at growing their businesses. The loan size is usually between 50 and 150 dollars, the recipient use the loan for their small business, then pay it back with competitive interest rate. The profit is invested in health care and education of their families.

The result broke all conventional thinking, not only did these borrowers grow their business and improve their life, but they repay their loans on time. With an average 95% repayment rate which is well above the traditional banks, microfinance institutions would be able to provide those money again to other micro entrepreneurs.

In the following session, we are going to explain the term of Microfinance Intuitions which is also called MFIs.

3. Microkrediet, Macro impact

Microfinancierings organisaties wereldwijd verstrekken microkrediet leningen aan miljoenen families in arme landen.

De meeste leningen gaan naar vrouwen

Zij hebben bewezen zeer geschikt te zijn om groeiende bedrijven op te zetten

3. Microkrediet, Macro impact

De winst wordt gebruikt voor gezondheidszorg, educatie en onderwijs.4. Duurzaam beleggen

5. Goed krediet

Het resultaat is boven verwachting

Niet alleen hebben de kredietnemers een groeiend bedrijf opgezet en hun leven verbeterd, ze hebben ook hun lening op tijd afbetaald

Gemiddeld 97% van de leningen wordt terugbetaald

Microfinancierings instellingen kunnen dit geld weer investeren in andere micro-ondernemers

Les 2 Klik hier voor contact

Les 2 Wat zijn Microfinancieringsinstellingen? (MFI)

1. Waar staat MFI voor?Microfinancieringsinstellingen (MFI's) zijn organisaties die financile diensten verlenen aan de armen

Producten: micro-leningen, micro-spaarregelingen, micro-verzekeringen en geld transacties

2. Unieke leningen voor de armen

Rentetarieven MFIs 18 tot 40%

Informele kredieten 120 tot 300%; loan shark 5-20% per dag

3918% - 60%

Loan shark rates of 5-20% per DAY

CGAP paper The New Moneylenders: Are the Poor Being Exploited by High Microcredit Interest Rates?

Informal credit. We found 34 reports on rates forinformal lending (mainly unregistered moneylendersand pawnshops) in 21 countries and the West AfricanMonetary Union. In all of those countries exceptGhana, microcredit rates were lowerusually farlowerthan informal rates. The median informal ratereported was 1025 percent per month. Rates of 520percent per day were reported in five countries.

3. Neerzetten staat van dienst kredietwaardigheid

Ondernemers beginnen meestal met het afsluiten van groepsleningen.

Als een lener in gebreke blijft dan wordt de groep gestraft en uitgesloten voor verdere leningen.

De groepsaanpak is succesvol want het motiveert om volledig en op tijd terug te betalen.

Les 3 Klik hier voor contact

Les 3 Hoe te beleggen in Microfinanciering?

El SalvadorMevrouw Ana Delmy Initile lening USD 250 Een winkel in zuivelproducten Huidige lening USD 12.000

4444In one of the largest open-air markets in Soyapango, a suburb on the outskirts of San Salvador, Mrs. Ana Delmy owns a stall from which she sells various dairy products, including milk and homemade cheese. Like most stall owners in this busy market, Mrs. Delmy had to work her way up from more modest conditions with the help of a loan from one of San Salvadors many microfinance institutions.

In Mrs. Delmys particular case, having retired from her job as a factory-worker in 2001, she began selling candy and drinks in the streets of San Salvador as a way of complementing her meagre retirement fund. In order to set up the business, Mrs. Delmy contacted Banco de los Trabajadores de El Salvador (BTS), one of the countrys leading microfinance institutions, and whose activities are concentrated in Soyapango, for an initial loan of USD 250.

Thanks to the success of her business, Mrs. Delmy was able to repay her initial loan and each of the subsequent, continually increasing, loans which she received. Within a year, Mrs. Delmy had bought a space in the market and opened her own shop and by September 2007, she was managing over USD 12,000 in loans. Mrs. Delmy has used the loans to buy machinery, and has begun to plan the future expansion of her business.

Meanwhile, Mr. Delmy, Anas husband, has also developed his own business with the help of loans from BTS. As a farmer working with cattle on a small plot of land outside the city limits, Mr. Delmys first loan amounted to a mere 25,000 Colones (USD 3,000) - a very small amount considering the expenses involved in purchasing livestock. However, within a few years and thanks to the successful management of his business, Mr. Delmy was able not only to purchase additional cattle, but also to buy new land, a truck for the transport of his animals and to expand his business to include dairy cows, from which his wife produces the dairy products she sells at the local market.

In addition, Mr. Delmy has recently opened his own stall in Soyapangos open-air market, opposite his wifes, where he now sells meat products, thereby turning his activity into a family business.

Totaal marktpotentieel: US $ 230 - 380 miljard

Vraag: 80-90%

Circa 10.000,00 MFIs

2. Het bedrijfsleven betrekken Totaal potentile markt rond US $ 230 en 380 miljard

Top 300 MFIsMidden 1500 MFIsKlein10000 MFIs80-90%Microfinance InvesteerdersMicro Ondernemers10-20%

De omvang van de microfinancieringskredieten is in de afgelopen jaren sterk gestegen.

2. Het bedrijfsleven betrekken

Microfinance Investment Vehicles (MIV)Microfinance InvestorsMFI EquityLoan

Micro EntrepreneursBeleggen in kredieten aan MFIs Verschaft MFIs kapitaal dat aan micro-ondernemers kan worden uitgeleend

Aandelenbeleggingen in MFIsHelpt MFIs hun management-vaardigheden en operationele capaciteit te verbeteren; de financiering door geldgevers wordt benut om meer micro-ondernemers te bereiken3. Het uitgangspunt van MFI

Traditionele beleggingBalans tussen risico en rendementDuurzame beleggingMFIs werken in de echte economie; zij bieden financile diensten gebaseerd op de behoeftes van mensen met lage inkomens.Beleggen in microfinanciering biedt zowel financieel als sociaal rendement

4. Nieuw beleggingsconcept

Les 4 Klik hier voor contact

Les 4 Dutch Microfund

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Dutch Microfund

5353Dutch microfund is launched on May 2008, Managed by Annexum, investment professional in Amsterdam. Dutch microfund has a "double bottom line" investment concept. We seek both financial and social return on our investments. Each investment is assessed based on its ability to provide a reasonable risk-adjusted rate of financial return, as well as social impact.

IndiaDe heer Mukundan Investering eigen vermogen van USD 17.000Fabriek van kooktoestellen

1. De markt van Dutch Microfund

5454

TajikistanMevrouw Julia Otoboeva Initile lening USD 50Kleding winkel Huidige lening USD 2,500

1. De markt van Dutch Microfund

55Mrs. Otoboeva was one of the first clients of IMON, a microfinance institution (MFI) in Tajikistan. She used her first loan of 150 Tajikistan Somoni (50 US Dollars in 2003) to open a small clothing shop in Khujands central market and er business growed repidly. She currently is able to help her husband open a foreign exchange business in the same bazaar thank for the microfinance support.

2. Dutch Microfund Doelstelling Dutch MicrofundCreren van aantrekkelijk sociaal en financieel rendement voor investeerders. Door het aanbieden van financile diensten een bijdrage leveren aan het bestrijden van armoede en het stimuleren van lokale economien.

* Een groot bedrag aan inkomende gelden is gereserveerd voor de te verwachte stortingsplicht aan onze beleggers, zoals al eerder overeengekomen. * Om het risico te beperken zal een verdere spreiding van de beleggingsportefeuille plaatsvinden.

56At dutch microfund we employ proprietary calculation models to analyze social return based on innovation, scale, outreach, and financing. Such calculations enable us to quantify the social return on an investment. We calculate a financial hurdle rate, which is comprised of four components benchmark rate, credit risk (default) premium, country-region premium and liquidity premium.

Dutch Microfund offers interesting possibilities of diversification and is designed for private and institutional investors with a medium to long-term investment horizon.The fund Lower its risks through a mix of financial products and vehicles, the model portfolio has 50:50 percent asset allocation on debt and equity. The investment has a high geographical diversification in south east Asia. Africa, south American, eastern European through a wide range of sectors

3. Financieel rendement

MarktselectieFondsanalyse Due diligenceOnderzoek en beoordelingPortefeuillesamenstellingOptimaliseren beleggingen

Duurzame performancedoor de nadruk op integriteit en innovatie

4. Beleggingsprocedure

58Our systematic analysis process draws on our in-depth knowledge of the investment universe.

Quality investments mean a more secure portfolio for you. Our well-established team of experts works closely with partners to ensure that transactions run smoothly.

Our disciplined risk management process draws on our teams specific knowledge of the investment universe.

Monthly reporting provides you transparency and insight into the financial and social performance of your investment. The sustainable performance thought an integrative and innovative approach.

5. Details Dutch MicrofundEmissie koers Euro 50*BiedprijsKoers** - 1%Laatprijs Koers** + 1%Management fee 0,1 % per maand over belegd vermogenSelectie fee 1% eenmalig over transactievolume

VerhandelbaarMaandelijksStock dividend Halfjaarlijks na 1 jaar* September 2008** Koers = EV / aantal uitstaande aandelen

59As continous the transparent fund management style, the fee structures is illustrated here for our investors.The initial share price of dutch microfund is 50 euro, the 1% entre and exit fee will stay within the fund. The fund is monthly tradable, the dividend will be disbursed every half year. Management fee for the fund is only 0.1% per month. And 1% selection fee is contribute to the fund research.

Structurele bijdrage leveren aan het bestrijden van armoede en het stimuleren van lokale economien door investeren in ondernemerschapBovendien aantrekkelijk sociaal en financieel rendement

Beperkt risico door grote diversiteit aan investeringenReduceren van risicos door fund of funds structuurLage correlatie met andere beleggingscategorien

Aandeel is maandelijks verhandelbaarInvesteren met ieder gewenst bedragBox 3 belegging

Prognose gemiddeld totaal rendement op jaarbasis: 7- 9 %Prognose gemiddeld stock dividend rendement op jaarbasis:3%

6. Waarom investeren in Dutch Microfund?

Les 5 Klik hier voor contact

Les 5 Marktontwikkeling

1. MarktgegevensOngeveer 10.000 microfinancieringsinstellingen (MFIs) wereldwijd

48% in Azi/Pacific 28% in Sahel-landen17% in Latijns-Amerika6% in Oost-Europa & Centraal-Azi 2 % in MENA-landen (Midden-Oosten & Noord-Afrika)

1. MarktgegevensZeer snel groeiende marktaantal personen met lening van 13,5 mln naar 113,3 mln (2005 Microcredit Summit)84% daarvan zijn vrouwen

107 microfinancieringsfondsen (december 2008, CGAP)

USD 6,5 miljard in kredietverlening microfinanciering

2. Prestaties microfinanciering - Microfinanciering is een beleggingsmogelijkheid met een redelijk laag risico en kenmerkt zich door facetten die geen verband houden met economische omstandigheden.

- MFIs werkzaam in de rele economie

6666Door de sterke performance van de sector van de afgelopen 10 jaar onder gunstige en minder gunstige economische omstandigheden wereldwijd is het steeds duidelijker geworden dat microfinanciering een beleggingsmogelijkheid is met een redelijk laag risico en zich kenmerkt door facetten die geen verband houden met economische omstandigheden.

Menichetti, Marco J.; Oehri Oliver C.; Fausch, Jrg, Portfolio optimisation through micro-financing, Working Paper Nr. 4/2006, Hochschule Liechtenstein, Vaduz, pp. 1 18, 2006. Modified

6767Door de sterke performance van de sector van de afgelopen 10 jaar onder gunstige en minder gunstige economische omstandigheden wereldwijd is het steeds duidelijker geworden dat microfinanciering een beleggingsmogelijkheid is met een redelijk laag risico en zich kenmerkt door facetten die geen verband houden met economische omstandigheden.

3. Alternatieve, aantrekkelijke belegging

Reguliering en toezicht Concurrentie Nieuwe technologien Marktbemiddeling

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