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| Author | : Joanna Ledgerwood |
| Publisher | : World Bank Publications |
| Total Pages | : 304 |
| Release | : 1998-12-01 |
| Genre | : Business & Economics |
| ISBN | : 0821384317 |
The purpose of the 'Microfinance Handbook' is to bring together in a single source guiding principles and tools that will promote sustainable microfinance and create viable institutions.
| Author | : Marguerite S. Robinson |
| Publisher | : World Bank Publications |
| Total Pages | : 360 |
| Release | : 2001 |
| Genre | : Business & Economics |
| ISBN | : |
Microfinance is the method whereby financial services and credit is made available to the economically active but low income people of developiong countries. This book focusses on three key aspects of the phenomenon: 1) the shift from government- and donor-subsidized credit delivery systems to self-sufficient, sustainable microfinance institutions; 2) the results on the ground, on the way in which microfinance is helps people expand and diversify their enterprises, increase their incomes, raise their living standards and those of theri families, and boost their self-confidence; 3) the theroretical frameworks that had previously impeded the microfinance revolution, with suggestions for their improvement.
| Author | : Milford Bateman |
| Publisher | : Kumarian Press |
| Total Pages | : 289 |
| Release | : 2011 |
| Genre | : Business & Economics |
| ISBN | : 1565494377 |
Incorporates global perspective but focuses on southeastern Europe, a key arena for microfinance and microcredit programs --
| Author | : Doris Köhn |
| Publisher | : Springer |
| Total Pages | : 207 |
| Release | : 2013-12-02 |
| Genre | : Business & Economics |
| ISBN | : 3642417043 |
This book focuses on the achievements, current trends and further potential of microfinance to scale-up and serve many more clients with financial services that enable them to improve their living conditions. The book asks what it takes to achieve sustainable impact: to know your clients and to understand their needs, to treat them in a fair and transparent way, and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds light on the future funding landscape and what is necessary to bring more commercial funders on board while ensuring that these new funders will continue the commitment to responsible finance. While being forward looking, the book reflects the debate on core values of microfinance, triggered by recent criticisms of an approach that was hailed as a panacea in the beginning and which had proved over time as one of the most effective models of development finance. These criticisms emerged over signs of overheating in some markets, particularly the 2010 events in Andhra Pradesh, and turned into an assumption of a worldwide microfinance crisis, putting seriously at stake the good reputation microfinance had enjoyed so far.
| Author | : R. Marisol Ravicz |
| Publisher | : World Bank Publications |
| Total Pages | : 109 |
| Release | : 1998 |
| Genre | : Ahorro - Indonesia |
| ISBN | : |
February 1998 Lessons about the implementation of microfinance operations from five initiatives in rural Indonesia. Expanding the microfinance market can promote economic growth and reduce poverty in many countries. But expanding this market is advantageous only if the increased activity is sustainable. Ravicz draws lessons from five Indonesian microfinance initiatives in rural areas and proposes ways for governments and donors to support the microfinance sector. Those programs demonstrate that microfinance initiatives can provide a valuable service to low-income people at a temporary, affordable cost to governments or donors. Incentives for customers and staff are key features of successful microfinance operations that enable them to operate with low subsidies or on a self-sustaining basis. Programs should also charge adequate real interest rates, aggressively pursue repayment, and achieve a significant volume of business. To accelerate progress toward self-sustainability, programs can track the subsidies they receive, and their supporters can impose hard budget constraints and declining subvention support. Government-owned microfinance initiatives are vulnerable to political pressures that undermine their commitment to sound banking practices. Granting these institutions autonomous status, imposing hard budget constraints, and privatizing them when they are financially sustainable, can reduce their susceptibility to political influences. Alternatively, governments and donors could support the sector through temporary subsidies to private sector initiatives to help them defray start-up costs. Supervision can be improved if a country's microfinance industry, assisted by its central bank, establishes industrywide standards. Microfinance institutions could contract for supervision services from commercial banks. The central bank could monitor supervisors to ensure that they exercise due diligence. This study finds that institutions can efficiently reach clients in remote areas through subdistrict-based units and field staff. They need not rely on group lending techniques, savings requirements, or intermediary organizations between banks and borrowers to boost efficiency. Initiatives can serve female borrowers without targeted marketing if loan products meet women's needs and are accessible to them. Governments could increase the usefulness of microfinance to agriculture by encouraging state-owned microfinance institutions to develop and pilot-test loan products that meet smallholders' needs. This paper-a product of the Development Research Department-is part of a larger effort in the group to analyze the characteristics, performance, and poverty alleviation implications of microcredit institutions.
| Author | : Manfred Zeller |
| Publisher | : Intl Food Policy Res Inst |
| Total Pages | : 426 |
| Release | : 2002-01-01 |
| Genre | : Business & Economics |
| ISBN | : 080187226X |
Since the 1980s when the microfinance revolution began, much has been accomplished, but the field became more refined in the 1990s as a result of shifts in paradigms, strategies, and development practices. This volume addresses the three policy objectives that now occupy those who wish to use credit as a development tool: financial sustainability of microfinance institutions, outreach to the poor, and welfare impact. Inevitable tradeoffs exist among these objectives, and the book advances an analytical framework that assists students of and experts in microfinance to identify the tradeoffs and synergies at the institutional level and in the policy environment. The book features a wealth of empirical data and innovative analytical studies, and critically discusses the role of public support for microfinance institutions (MFIs) in light of the social costs and benefits generated by such financial systems. The book is organized into five parts. The first discusses the demand for and access to financial services by the poor, emphasizing that demand-oriented, pro-poor financial services are crucial in reaching the poor. The second is concerned with two of the criteria used to evaluate MFIsoutreach and financial sustainability. The third features innovative econometric studies seeking to evaluate the impact of MFIs at the household level. The fourth looks at the role of both public- and private-sector institutions in developing sustainable financial systems. And the fifth summarizes implications for policy and research. Given the lack of sound, empirical literature on microfinance, this volume is sure to advance knowledge and research methodology in the field.
| Author | : Yahaya Alhassan |
| Publisher | : Business Science Reference |
| Total Pages | : 408 |
| Release | : 2021 |
| Genre | : Business & Economics |
| ISBN | : 9781799874997 |
"This book offers great insight into theoretical, policy-oriented and practical ways to address some of the challenges of using microfinance for sustainable development in Africa"--
| Author | : Marguerite S. Robinson |
| Publisher | : World Bank Publications |
| Total Pages | : 524 |
| Release | : 2001 |
| Genre | : Business & Economics |
| ISBN | : 9780821349533 |
??? ... Microfinance is the method whereby financial services and credit is made available to the economically active but low income people of developiong countries. This book focusses on three key aspects of the phenomenon: 1) the shift from government- and donor-subsidized credit delivery systems to self-sufficient, sustainable microfinance institutions; 2) the results on the ground, on the way in which microfinance is helps people expand and diversify their enterprises, increase their incomes, raise their living standards and those of theri families, and boost their self-confidence; 3) the theroretical frameworks that had previously impeded the microfinance revolution, with suggestions for their improvement.
| Author | : Funmilayo A. Akinosi |
| Publisher | : Ibidem Press |
| Total Pages | : 108 |
| Release | : 2012 |
| Genre | : Business & Economics |
| ISBN | : 9783838203348 |
As stated by the Brundtland Report, the authoritative document on sustainable development, the pressure of poverty creates environmental stress by factors like overcrowded cities, deforestation, and overuse of marginal land. Alejandro Turbay, Funmilayo Akinosi, and Daniel Nordlund sought to find out how microfinance institutions (MFIs), who inherently cater to a largely poor clientele, could maximise their socioeconomic missions within ecologically beneficial limits. Turbay, Akinosi, and Nordlund defined sustainability through the Framework for Strategic Sustainable Development, a systematic, five-level approach for planning and making decisions. Subsequently, they created a principle-based model of their vision of a 'sustainable MFI', and then tested this model with executive-level practitioners of various microfinance institutions around the world. In this book, they present their findings: - The acceptance of ecological considerations into socio-economic missions is growing.- More and more 'green' funds are helping to turn environmental challenges into investment opportunities.- MFIs operating within ecologically beneficial manners can derive advantages including credit risk reduction, enhanced reputation, increased competitiveness, and improved earnings.- Surprisingly, incorporating ecological considerations turned out to be not necessarily expensive. Some activities like re-using materials could even be done without any additional costs.The book describes how MFIs can maximise the benefits by considering the inherent connections between their missions and ecological considerations
| Author | : Nadiya Marakkath |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 179 |
| Release | : 2013-10-23 |
| Genre | : Business & Economics |
| ISBN | : 8132216296 |
Although 'doing good' is our innate nature, we often get lost in the complexities and view goodness as a distant dream. Making this dream of goodness a reality is often thwarted by thoughts surrounding sustainability. Thus, all good initiatives require a focus on sustainability and this has become one of greatest and most formidable challenges faced by any social enterprise. The book documents the understanding of the sustainability of one of the most celebrated forms of social enterprise of our times — Microfinance Institutions (MFIs) gained through a mixed-methods research investigation. It attempts to answer pertinent questions such as: What are the determinant and discriminating factors for the sustainability of MFIs in India? How are these factors being managed by the operationally efficient Indian MFIs that remained sustainable at reasonable interest rates before the onset of the crisis and ceilings imposition in Indian microfinance markets? What does the Indian microfinance crisis teach us about sustainability management and mismanagement? In a nutshell, the answers show that sustainability is a strategic issue that needs managerial attention and not a matter to be left to serendipity. At a time when the industry is recovering from the adverse effects of a crisis and when there are still contentions as to whether the rate fixed by the regulator is enough for the sustenance of the MFIs, the findings mentioned in the book revive the lost hope for the Indian microfinance industry. By deciphering the strategies used by efficient and sustainable MFIs and discussing the lessons that the crisis has imparted to the Indian microfinance markets, this book will enable Indian MFIs to march towards efficient and sustainable operations without losing focus on their clients.
