In this regard, the net present value of such future income can be seen as a sort of “franchise capital”, as it reflects the value of the “franchise” to issue legal tender.
In addition, microfinance institutions are also capitalizing on proven technologies and methodologies of microfinance to conceptualize, design and deliver other types of financial products. One example of such product is the micro-agri product, or MAP, which was designed and pioneered by the MABS member banks present here today.