The Microfinance Revolution: Sustainable Finance for the PoorWorld Bank Publications, 2001 M06 1 - 352 pages Around the world, a revolution is occurring in finance for low-income people. The microfinance revolution is delivering financial services to the economically active poor on a large scale through competing, financially self-sufficient institutions. In a few countries this has already happened; in others it is under way. The emerging microfinance industry has profound implications for social and economic development. For the first time in history, capital is well on its way to being democratized. 'The Microfinance Revolution', in three volumes, is aimed at a diverse readership - economists, bankers, policymakers, donors, and social scientists; microfinance practitioners and specialists in local finance and rural and urban development; and members of the general public interested in development. This first volume, 'Sustainable Finance for the Poor', focuses on the shift from government- and donor-subsidized credit systems to self-sufficient microfinance institutions providing voluntary savings and credit services. |
Other editions - View all
The Microfinance Revolution: Sustainable finance for the poor Marguerite S. Robinson No preview available - 2001 |
Common terms and phrases
adverse selection agricultural BancoSol Bangladesh Bank Rakyat Bank Rakyat Indonesia Bolivia BRI's unit desas capital cash chapter clients collateral commercial microfinance institutions credit subsidies credit unions crofinance default demand deposit accounts developing countries discussion donors economically active poor effective interest rates enterprises example farmers financial institutions financial markets financial services formal sector funds Grameen Bank high interest rates households income India Indonesia informal commercial lenders informal commercial moneylenders informal credit markets informal lenders informal moneylenders investment KUPEDES land lending liquidity loan portfolio microcredit microenterprises microfinance institutions microfinance markets microfinance revolution microsavings million mobilizing savings monopolistic competition NGOs operating outreach paradigm percent Pischke profitable repay repayment Rhyne risk ROSCAS rupiah rural credit markets savers savings accounts savings mobilization savings services self-sufficient small loans Stiglitz sustainable microfinance transaction costs typically U.S. dollars unit desa system urban village voluntary savings World Bank