Abstract

The present paper aims to contribute to the framework of knowledge on Colombian system of microcredit, taking as perspective an investor who collects on international market through the issue of bonds in order to finance microfinance institutions in Colombia. In this way we want to show how microcredit can be fed by international markets who see this form of investment as an opportunity to raise yields. To realize this there is a financial system with high specialization on microcredit institution and the need for funding by the institutions themselves. The paper analyzes the system of microcredit as a whole and then moves onto the observation and consequent determination of economic and financial variables of Microfinance Institutions (MFIs).

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