IFC Brings DPR Model to Microfinance

Jun 20, 2010

The IFC is planning to buy a $30m remittance securitization from El Salvadorian cooperative Fedecredito, using the diversified payment rights (DPR) structure to benefit a microlender. “Fedecredito is the first time a financial intermediary just focused on the bottom of the pyramid has taken advantage of a fundraising product...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management