by Trevor Kwong - Africa, Latin America & Caribbean, South Asia, East Asia and Pacific -

MICROCAPITAL BRIEF: Peru Remains on Top of “Global Microscope on the Microfinance Business Environment 2010” Survey by the Economist Intelligence Unit

The Economist Intelligence Unit (EIU), the business information arm of the Economist magazine, released its Global Microscope on the Microfinance Business Environment 2010 survey, placing Peru as the country that is most friendly to microfinance businesses for the third year in a row, followed by the Philippines and Bolivia.

Latin American countries occupy five of the top ten spots, while Venezuela finishes last of the 54 countries evaluated.

This survey is the EIU?s second annual effort to evaluate and benchmark developing countries on the business conditions for privately provided microfinance services. The EIU points out that in addition to GDP growth and political stability, political will and regulatory capacity to support private microfinance institutions (MFIs) are also factors that are important to a healthy microfinance sector.

The top ten this year is:
1. Peru
2. Philippines
3. Bolivia
4. Ghana
5. Pakistan
6. Ecuador
7. El Salvador
8. India
9. Colombia
10. Kenya

By Trevor Kwong, Research Assistant

Sources and Additional Resources:

[1] Source Article: Economist Intelligence Unit: Peru is the best place for microfinance for the third year running; Pakistan and Kenya join the top ten:
http://www.eiuresources.com/mediadir/default.asp?PR=2010100501

[2] Economist Intelligence Unit: The Global microscope on the microfinance business environment 2010 index:
http://www.eiu.com/site_info.asp?info_name=global_microscope_2010&page=n…

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