Investors Launch Microfinance Group

A group of buysiders launched Tuesday in New York the International Association of Microfinance Investors (IAMFI), an organization dedicated to the growing sector. Sam Moss, president of Gray Matters Capital in Atlanta, GA, which manages a portfolio of social investments, has been appointed as IAMFI’s chairman. The organization’s goal is to facilitate capital flows between private sector sources, investment vehicles and microfinance institutions. LatAm is home to a number of successful microfinance projects, including Compartamos, a publicly traded MFI, and Peru’s Mibanco.