Dear reader,

In our world, we witness on a daily basis, how small money can have a big impact. A microloan of just a few dollars empowers people in developing countries to be economically independent and therefore able to safeguard their own and their families' future.

Microfinance has established itself as a vital instrument with leading development banks in the fight against poverty. The geopolitical relevance of microfinance is undeniable. Institutional and private investors alike have come to realize the value of microfinance investment vehicles for their portfolios and appreciate the double bottom line of social and financial returns. Judging by the positive experiences and results of this asset class, the microfinance industry is emerging and breaking ground into impact investing, aiming to achieve a positive impact in areas such as education and climate change.

Microfinance and impact investing are a mega‐trend and change the way we invest, offering unique investment opportunities that put the interests of investors and recipients on the same level and have a positive impact on the lives of millions of people. We have been able to witness these positive changes again and again, on numerous journeys to developing countries.

Small Money – Big Impact aims to share these developments with a broader public in an explanatory, illustrative and objective manner. It sheds light on the processes and investment vehicles in microfinance, and at the same time raises awareness and recognition of this asset class as a powerful tool in the fight against poverty.

Enjoy your journey through the world of microfinance.