This timely book, written by one of the major players in the UK in development economics explores, amongst others, topics such as:microfinance and poverty reduction microfinance, gender and social development microinsurance regulating and supervising microfinance institutions.
Topical and insightful, this important text examines what has become a vast global industry employing hundreds of thousands of people and attracting the attention of large numbers of governments, banks, aid agencies, non-governmental organizations and consultancy firms.
The text examines what has become a vast global industry employing hundreds of thousands of people and attracting the attention of large numbers of governments, banks, aid agencies, non-governmental organizations and consultancy firms. In this book the authors try to help students, who are relatively new to microfinance, practitioners looking for an entry point into the vast academic literature, and policy makers to become acquainted with the main ideas and debates about microfinance. The main objective of the book is to equip the reader with sound understanding of the various concepts in microfinance and their relevance to contemporary financial programmes so that the user is in a position to process business proposals in microfinance.
What promise did Sequoia Capital recognize in SKS microfinance (India) that it had also seen in Apple, Oracle, and Google?
Why would Vodafone help distribute money via cell phones for millions of Kenyans?
How did a Mexican retailer create a financial-services empire, Banco Azteca, that would serve eight million borrowers in five years?
From its origins as a nonprofit poverty alleviation strategy, microfinance has become a viable business model for providing financial services to the poor in ways that allow for both social responsibility and profit, even in the midst of economic turmoil.
Longtime microfinance expert Elisabeth Rhyne and her team guide readers through the landscape of financial-inclusion opportunities, providing lessons from companies around the world that are leading the way in earning profits while addressing global poverty.
Microfinance for Bankers and Investors reveals:Changes in the market allowing for increased private investment in microfinance New technologies and delivery channels that reduce costs for small transactions Proven ways to overcome the unique challenges of serving customers at the bottom of the pyramid Innovative products for grassroots finance, such as mobile phone banking and microinsurance The extraordinary social value and business sustainability of microfinance
Microfinance for Bankers and Investors breaks new ground by showing how microfinance attracts top organizations to engage in double and triple bottom-line business activities. With deep insight and clear vision, it examines the unique opportunities and challenges of providing financial services for low-income people.
Inclusive finance gives companies the prospect of aligning social values with long-term business strategies. Microfinance for Bankers and Investors offers the facts and insights you need to enter this fast-growing market with confidence.
The Theory and Practice of Microcreditaims to remedy this imbalance, arguing that a proper understanding of the evolution of practice is essential both for developing theories that are relevant for the real world and for adopting policies that can better realize the full potential of microcredit. By drawing upon their first-hand knowledge of the nature of this evolution in Bangladesh, the birthplace of microcredit, the authors have pushed the frontiers of current knowledge through a rich blend of theoretical and empirical analysis. The book breaks new grounds on a wide range of topics including: the habit-forming nature of credit repayment; the institutional strength and community-based? role of microfinance institutions; the relationships between microcredit and informal credit markets; the pattern of long-term participation in microcredit programmes and the variety of loan use; the scaling up of microenterprises beyond subsistence; the "missing middle" in the credit market; and the prospects of linking micro-entrepreneurship with economic development.
The book will be of interest to researchers, development practitioners and university students of Development Economics, Rural Development, or Rural Finance, as well as to public intellectuals.