Access for All: Building Inclusive Financial SystemsWorld Bank, 2006 - 170 pages In the past ten years, the world of microfinance has changed dramatically. The field has moved rapidly from early innovations in providing loans to help poor entrepreneurs start businesses to a bold vision of creating entire financial systems that work for the poor. Microfinance has proven to be an effective tool for reducing poverty and helping poor people to improve their lives. And yet a diverse range of potential clients still lack access to an array of financial services - not just credit for enterprise but also a safe place to save, the ability to transfer funds to family members, insurance against sickness or other household disasters, and other ways to mitigate risk in vulnerability. The challenge today is to engage more types of distribution systems, more technologies and more talent to create financial systems that work for the poor and boost their contribution to economic growth. This title explains what this new vision of microfinance means in practical, non-technical terms. |
Contents
Poor and LowIncome Clients | 17 |
The Micro Level | 35 |
The Meso Level | 59 |
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access to financial ACCION International accounts Adrian Gonzalez Africa agencies agricultural apex Asia Asian Development Bank automatic teller machines Bangladesh Bolivia borrowers building inclusive financial capital CGAP challenges cial commercial banks costs credit bureaus credit unions deposits developing countries Development Bank donors Double Bottom Line equity example financial cooperatives financial infrastructure financial institutions financial service providers funders households impact inclusive financial systems India Indonesia International Investment investors Ivatury Kenya large numbers Latin America lenders lending loans low-income clients markets MFIs micro microcredit microfinance clients Microfinance Institutions microfinance sector Microinsurance million money transfer nance NBFIs networks NGOs numbers of poor offer percent poor and low-income poor clients portfolio poverty poverty line Prizma ProCredit Bank programs reach region regulated remittances repayment role ROSCAS rural areas serve poor services to poor social performance sources specialized MFIs specialized microfinance supervision technical tions Washington