Funder

To promote social and economic justice in SE Asia by increasing low-income people's access and participation in the formal financial sector.

CRS CORDAID Microfinance Alliance Fund is a pilot project with the end purpose of creating a bigger regional fund that will be open to other organizations (preferably those wishing to invest in a social justice fund). In its first phase, the project is tackling the following issues:
1.Legality of transacting business across countries.
2.Relationship with government agencies in its participating countries
3.Limitations set by each country
4.Documentation procedures taking into consideration the limitations in its countries
5.Possibility of centralizing operations by assigning tasks to consultants from each country
6.Cost-benefit of centralizing operation
7.Other factors that would ensure the success of the regional fund

The first phase is terminating in December 2002. The preparation for the second phase is presently being finalized, and the committed funds for MFIs is still uncertain at this point. We will update our data as soon as the information is available.












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