Blue Orchard: the most important risk in microfinance investing is liquidity

Sebastien Juhen (Blue Orchard):  What do clients expect from microfinance investments?  Mainly social return.  But microfinance investing comes with risk, the most important of these being liquidity.  After all, we don’t invest in bonds, but in illiquid assets.  Managing liquidity is thus critical for a microfinance investment fund.