Sack and J. H. Wright (2006), “The U.S. Treasury yield curve: 1961 to the present,” Finance and Economics Discussion Series 2006-28, Board of Governors of the Federal Reserve System.
Therefore, the microfinance industry was severely handicapped and highly donor dependent for its funding needs. The MCGF was initially started with the help of the UK Department of International Development (DFID) grant amount of GBP 10 million which has been recently increased to GBP 15 million. The MCGF is a credit enhancement facility to attract long term commercial funding for microfinance providers.