Microfinance institutions in the development of financial markets
Includes bibliography
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2014
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oai-11362-109942020-03-04T19:57:23Z Microfinance institutions in the development of financial markets Terberger, Eva FINANCIAMIENTO DE EMPRESAS INSTITUCIONES FINANCIERAS MERCADOS DE CAPITAL MITIGACION DE LA POBREZA SERVICIOS FINANCIEROS BUSINESS FINANCING CAPITAL MARKETS FINANCIAL INSTITUTIONS FINANCIAL SERVICES POVERTY MITIGATION Includes bibliography For the last two decades, microfinance has ranked high on the list of policy instruments for fighting poverty. Supporting the creation of access to formal financial services for low-income households holds out the promise of improving the living conditions of poor families and fostering economic development. Furthermore, it is claimed to be a very cost-effective approach because some non-governmental organizations (NGOs); that have been upscaled into microbanks have shown that financial services can be offered to low-income households while covering costs and even earning a moderate profit. Recent studies, however, are sceptical about the high expectations raised by the microfinance approach, since profitable microfinance institutions (MFIs); are the exception rather than the rule. Institutional innovation is called for in order to reproduce these rare successes on a larger scale. This article aims to offer preliminary insights into the potential of two rather new institutional alternatives to upscaling: the creation of microfinance departments at existing for-profit banks (i.e., downscaling); and the founding of greenfield banks. 2014-01-02T18:43:42Z 2014-01-02T18:43:42Z 2003-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/10994 LC/G.2216-P en CEPAL Review CEPAL Review 81 application/pdf |
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English |
topic |
FINANCIAMIENTO DE EMPRESAS INSTITUCIONES FINANCIERAS MERCADOS DE CAPITAL MITIGACION DE LA POBREZA SERVICIOS FINANCIEROS BUSINESS FINANCING CAPITAL MARKETS FINANCIAL INSTITUTIONS FINANCIAL SERVICES POVERTY MITIGATION |
spellingShingle |
FINANCIAMIENTO DE EMPRESAS INSTITUCIONES FINANCIERAS MERCADOS DE CAPITAL MITIGACION DE LA POBREZA SERVICIOS FINANCIEROS BUSINESS FINANCING CAPITAL MARKETS FINANCIAL INSTITUTIONS FINANCIAL SERVICES POVERTY MITIGATION Terberger, Eva Microfinance institutions in the development of financial markets |
description |
Includes bibliography |
format |
Texto |
author |
Terberger, Eva |
author_facet |
Terberger, Eva |
author_sort |
Terberger, Eva |
title |
Microfinance institutions in the development of financial markets |
title_short |
Microfinance institutions in the development of financial markets |
title_full |
Microfinance institutions in the development of financial markets |
title_fullStr |
Microfinance institutions in the development of financial markets |
title_full_unstemmed |
Microfinance institutions in the development of financial markets |
title_sort |
microfinance institutions in the development of financial markets |
publishDate |
2014 |
url |
http://hdl.handle.net/11362/10994 |
work_keys_str_mv |
AT terbergereva microfinanceinstitutionsinthedevelopmentoffinancialmarkets |
_version_ |
1718438003251085312 |