The major one is the dramatic growth in microfinance service providers of various types translates to a greater number of clients and assets, as well as more elaborate structures to manage.
The second reason is the numerous institutional and legal changes, with credit unions building more and more elaborate networks, and many NGOs turning into shareholder-owned and regulated financial institutions.
Thirdly, microfinance institutions are evolving, from credit-oriented single product to multi-purpose banking institutions that provide not only credit, but also savings, and sometimes other types of financial services such as remittances, money transfers, payment systems and insurance, therefore reinforcing the risks assumed by these institutions.
Fourthly, liabilities management, which had not received much attention at first, is now increasingly becoming important.
Fifthly, the behavior of public authorities towards microfinance is changing. Their originally hold negligence is being replaced by more proactive policies that create regulatory and supervisory frameworks supposed to favor a sound development of the microfinance industry.
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