Download or read book An Inside View of Latin American Microfinance written by Marguerite Berger and published by IDB. This book was released on 2006 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book describes the evolving Latin American microfinance model. In a region of great inequality and economic instability, microfinance is a capitalist paradox.
Download or read book Microfinance in Latin America written by Lion Hirth and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2006 in the subject Economics - Finance, grade: 1,0, University of Massachusetts - Amherst (Department of Economics), course: Wirtschaftliche Entwicklung - Economic Development, 31 entries in the bibliography, language: English, abstract: Rewarding the Nobel Peace Prize to Muhammad Yunus, the committee acknowledged that microfinance is the latest fashion of both development policy and development economics, some call it even a "popular mass movement" (Woller et al. 1998). Indeed, the development over the last 30 years is impressive: Today, more than 100 million poor have access to small loans. While the formal financial sector perceived financial services to the poor "unimportant for the economy, unprofitable for financial institutions, and unnecessary for the poor", modern microfinance institutions (MFIs) have proven that high recovery rates do not depend mainly on circumstances and the characteristics of the borrower, but on the design of the credit program: "repayment depends fundamentally on factors within the control of the lending institutions" (Robinson 2001). This paper gives a short overview about the roots of modern microfinance and its global history. Some central theoretical aspects of financial markets are discussed and the main innovations of modern microfinance are presented. Focusing on Latin America, the paper shows that microfinance is booming on the continent. While Village Banks, focused on the poor, are still growing, a larger trend goes towards commercialization, including the entrance of established banks to the market. It seems quite clear that these banks reach even less of the poorest than not for profit NGOs do. More disturbing, there is little empirical evidence that microfinance can help many poor people in Latin America. The role of microfinance in the overall development progress is small at best.
Download or read book Microfinance In Latin America written by S. Rajagopalan and published by . This book was released on 2007-06-28 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past three decades, the field of microfinance has persistently sought to reach financial products and services savings, loan, and insurance to poor and low-income sections in the developing world, which includes Asia, Africa, Latin America, a
Download or read book Women and Microfinance in the Global South written by Lynn Horton and published by Cambridge University Press. This book was released on 2018 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Women and Microfinance in the Global South is a grounded exploration of the intersections of neoliberal ideology and feminism.
Download or read book An Inventory of Microfinance Institutions in Latin America and the Caribbean written by Peter Fidler and published by . This book was released on 1997 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Inclusion written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2015-09-28 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries in Latin America and the Caribbean (LAC) have made important strides in promoting financial inclusion of firms and households. However, while the region is broadly at par with its peers on financial inclusion of firms, household inclusion lags behind. Nonetheless, there is substantial heterogeneity across LAC countries. Reducing borrowing costs and strengthening further the regulatory environment, while taking steps to protect efficiency and stability of the financial system, could help close financial inclusion gaps. Reducing financial participation and monitoring costs and relaxing collateral constraints will help spur growth and reduce inequality though trade-offs are likely, as illustrated in the case of Guatemala, El Salvador, and Peru.
Download or read book Microfinance in Latin America and the Caribbean written by Sergio Navajas and published by . This book was released on 2006 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New Approaches to Microfinance Client Assessment in Latin America written by Carter Garber and published by . This book was released on 2003 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the recent progress of Latin American microfinance institutions (MFIs) in assessing their effects upon clients.
Download or read book The Economics of Microfinance second edition written by Beatriz Armendariz and published by MIT Press. This book was released on 2010-04-23 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible analysis of the global expansion of financial markets in poor communities, incorporating the latest thinking and evidence. The microfinance revolution has allowed more than 150 million poor people around the world to receive small loans without collateral, build up assets, and buy insurance. The idea that providing access to reliable and affordable financial services can have powerful economic and social effects has captured the imagination of policymakers, activists, bankers, and researchers around the world; the 2006 Nobel Peace Prize went to microfinance pioneer Muhammed Yunis and Grameen Bank of Bangladesh. This book offers an accessible and engaging analysis of the global expansion of financial markets in poor communities. It introduces readers to the key ideas driving microfinance, integrating theory with empirical data and addressing a range of issues, including savings and insurance, the role of women, impact measurement, and management incentives. This second edition has been updated throughout to reflect the latest data. A new chapter on commercialization describes the rapid growth in investment in microfinance institutions and the tensions inherent in the efforts to meet both social and financial objectives. The chapters on credit contracts, savings and insurance, and gender have been expanded substantially; a new section in the chapter on impact measurement describes the growing importance of randomized controlled trials; and the chapter on managing microfinance offers a new perspective on governance issues in transforming institutions. Appendixes and problem sets cover technical material.
Download or read book Microfinance and Poverty written by Hege Gulli and published by IDB. This book was released on 1998 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Profile of Microfinance in Latin America in 10 Years written by Beatriz Marulanda and published by . This book was released on 2005 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Microfinance Guarantees written by Robin Young and published by . This book was released on 1997 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The second story written by Marguerite Berger and published by . This book was released on 2003 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Future of Microfinance written by Ira W. Lieberman and published by Brookings Institution Press. This book was released on 2020-06-30 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: A major source of financing for the poor and no longer a niche industry Over the past four decades, microfinance—the provision of loans, savings, and insurance to small businesses and entrepreneurs shut out of traditional capital markets—has grown from a niche service in Bangladesh and a few other countries to a significant global source of financing. Some 200 million people globally now receive support from microfinance institutions, with most of the recipients in the developing world. In the beginning, much of the microfinance industry was managed by non-governmental organizations, but today the majority of these institutions are commercial and regulated by governments, and they provide safe places for the poor to save, as well as offering much-needed capital and other financial services. Now out of infancy, the microfinance industry faces major challenges, including its ability to deal with mobile banking and other technology and concerns that some markets are now over-saturated with microfinance. How the industry deals with these and other challenges will determine whether it will continue to grow or will be subsumed within the larger global financial sector. This book is based on the results of a workshop at Lehigh University among thirty-four leaders in the industry. The editors, working with contributions from more than a dozen leading authorities in the field, tell the important story of how microfinance developed, how it has met the needs of hundreds of millions of people, and they address key questions about how it can continue to meet those needs in the future.
Download or read book Essays on Microfinance in Latin America written by Roselia Servín Juárez and published by . This book was released on 2012 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Establishing an Effective Interest Rate in Latin America s Microfinance Sector written by Dylan Kevin Frawley and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microfinance is defined as small scale loans designed for less fortunate citizens. Ever since its creation, an economic development tactic that was hoped to greatly benefit developing economies, has been under much scrutiny. Why is this supposed poverty alleviating lending tool under such scrutiny? Well a quick outlook on Compartamos Banco profit statistics along with knowing that their loan default rate is near one percent is a good place to start. Latin America has taken Yunus's social welfare Microfinance model and turned it into a profit generating giant with an interest income of 74.7% in the Mexican Microfinance sector. Although profits are good for some, they usually come at a cost for others. The others in this case have been the public Microfinance institutions in Mexico. Compartamos has dominated the Microfinance competition in Mexico and been able to charge interest rates of up to 120%. Due to this competitive advantage, other Microfinance institutions have been forced to adopt this dangerously high microcredit lending rate. Unlike the country of Peru, Mexico's Microfinance institutions have stood out for their high profit business models. In Peru, the country has been able to establish a complétive microcredit rate that changes with the relative price of good in the market. The competitive rate has allowed for balanced competition along with a national commitment to Microfinance. Commercial banks have started to purchase Microfinance institutions in the country of Peru and this has had a large impact on the success of the sector. With the backing of a large corporate structure, Microfinance institutions have had the ability to expand operations to the rural sector of the economy which has a high demand for microcredit. Peru's has been the pioneer for Microfinance in Latin America and Mexico should learn from their success story.
Download or read book The Handbook Of Microfinance written by Beatriz Armendariz and published by World Scientific. This book was released on 2011-04-28 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Microfinance showcases an expansive collection of works from leading academics and field practitioners. In an attempt to understand the enormous gap between the limited number of clients that are currently benefiting from microfinance services, and the huge number of potential clients that are not, the selected contributions in this comprehensive handbook have one common thread: the prevailing mismatch between demand by clients of microfinance institutions and potential clients selecting themselves out for their demand for a wider array of financial products which is not being met.The scope of the book is wide, and explores successes and failures, main challenges and debates, methodologies for impact evaluation via random trials, leading trends in Asia versus Latin America, main efforts in Africa, the importance of value chains in Central America, ethical and gender issues, savings, microinsurance, governance, commercialization trends and the potential advantages and disadvantages of it. This exhaustive Handbook also features main lessons from informal finance and 19th-century credit cooperatives addressing the above-mentioned mismatch.
