Microfinance An Economic Analysis Of Banking To The Poor

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Microfinance: an Economic Analysis of Banking to the Poor

Samuel Wahlen
Microfinance an Economic Analysis of Banking to the Poor Book PDF

Author : Samuel Wahlen
Publisher : Archway Publishing
Page : 142 pages
File Size : 48,6 Mb
Release : 2017-07-05
Category : Business & Economics
ISBN : 9781480847101

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Microfinance: an Economic Analysis of Banking to the Poor by Samuel Wahlen Pdf

Great strides are being made in technology, medicine, and other fields, but with these advances, many people are still being left behind in poverty. The poor struggle to feed their families, work long hours for little pay, and face obstacles in educating themselves and their children. They see no end to the nightmareand they feel trapped. World leaders have responded by offering a handout rather than a hand up, which does nothing to fix the problem. In this book, youll learn why: Foreign aid to developing countries weakens democratic institutions and empowers leaders to make bad policy decisions. Small businesses serve an important role in strengthening economies in developing countries. Small business owners opt out of legal environments and choose to operate in informal sectors. Microfinance institutions offer the poor greater flexibility and opportunity than larger financial institutions. When helping the poor, the goal does not need to be unanimous economic equality, but we must provide opportunities to escape the clutches of poverty. Find out how it can be done, step by step, with Microfinance.

Confessions of a Microfinance Heretic

Hugh Sinclair
Confessions of a Microfinance Heretic Book PDF

Author : Hugh Sinclair
Publisher : Berrett-Koehler Publishers
Page : 290 pages
File Size : 41,6 Mb
Release : 2012-07-09
Category : Business & Economics
ISBN : 9781609945183

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Confessions of a Microfinance Heretic by Hugh Sinclair Pdf

Microfinance insider Hugh Sinclair weaves a shocking tale of an industry focused on maximizing profits and plagued by predatory lending practices, scandals, cover-ups and corruption.

The Economics of Microfinance

Beatriz Armendariz,Jonathan Morduch
The Economics of Microfinance Book PDF

Author : Beatriz Armendariz,Jonathan Morduch
Publisher : MIT Press
Page : 361 pages
File Size : 40,6 Mb
Release : 2007
Category : Business & Economics
ISBN : 9780262512015

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The Economics of Microfinance by Beatriz Armendariz,Jonathan Morduch Pdf

An assessment of "the microfinance revolution" from an economics perspective that draws on lessons from academia and international practice to challenge conventional assumptions.

The Economics of Microfinance, second edition

Beatriz Armendariz,Jonathan Morduch
The Economics of Microfinance second edition Book PDF

Author : Beatriz Armendariz,Jonathan Morduch
Publisher : MIT Press
Page : 361 pages
File Size : 43,6 Mb
Release : 2010-04-23
Category : Business & Economics
ISBN : 9780262513982

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The Economics of Microfinance, second edition by Beatriz Armendariz,Jonathan Morduch Pdf

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.

Microfinance and Poverty Reduction

Susan Johnson,Ben Rogaly
Microfinance and Poverty Reduction Book PDF

Author : Susan Johnson,Ben Rogaly
Publisher : Oxfam
Page : 148 pages
File Size : 41,5 Mb
Release : 1997
Category : Business & Economics
ISBN : 0855983698

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Microfinance and Poverty Reduction by Susan Johnson,Ben Rogaly Pdf

The book emphasizes the importance of studying the local context, and then considering the macroeconomic factors which may be operating upon the economy of a particular country. Five extended case studies, in the Gambia, Ecuador, Mexico, Pakistan, and the UK are examined with reference to further aspects of sustainability and impact assessment.

The Political Economy of Microfinance

Philip Mader
The Political Economy of Microfinance Book PDF

Author : Philip Mader
Publisher : Springer
Page : 284 pages
File Size : 50,9 Mb
Release : 2016-01-12
Category : Political Science
ISBN : 9781137364210

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The Political Economy of Microfinance by Philip Mader Pdf

According to the author, rather than alleviating poverty, microfinance financialises poverty. By indebting poor people in the Global South, it drives financial expansion and opens new lands of opportunity for the crisis-ridden global capital markets. This book raises fundamental concerns about this widely-celebrated tool for social development.

Banker To The Poor

Muhammad Yunus
Banker To The Poor Book PDF

Author : Muhammad Yunus
Publisher : PublicAffairs
Page : 314 pages
File Size : 47,5 Mb
Release : 2007-03-31
Category : Biography & Autobiography
ISBN : 9781586485467

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Banker To The Poor by Muhammad Yunus Pdf

The inspirational story of how Nobel Prize winner Muhammad Yunus invented microcredit, founded the Grameen Bank, and transformed the fortunes of millions of poor people around the world. Muhammad Yunus was a professor of economics in Bangladesh, who realized that the most impoverished members of his community were systematically neglected by the banking system -- no one would loan them any money. Yunus conceived of a new form of banking -- microcredit -- that would offer very small loans to the poorest people without collateral, and teach them how to manage and use their loans to create successful small businesses. He founded Grameen Bank based on the belief that credit is a basic human right, not the privilege of a fortunate few, and it now provides $24 billion of micro-loans to more than nine million families. Ninety-seven percent of its clients are women, and repayment rates are over 90 percent. Outside of Bangladesh, micro-lending programs inspired by Grameen have blossomed, and serve hundreds of millions of people around the world. The definitive history of micro-credit direct from the man that conceived of it, Banker to the Poor is the moving story of someone who dreamed of changing the world -- and did.

Banker to the Poor

Muhammad Yunus
Banker to the Poor Book PDF

Author : Muhammad Yunus
Publisher : Unknown
Page : 289 pages
File Size : 52,8 Mb
Release : 2007
Category : Bankers
ISBN : LCCN:2009291910

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Banker to the Poor by Muhammad Yunus Pdf

"Muhammad Yunus is that rare thing: a bona fide visionary. His dream is the total eradication of poverty from the world. In 1983, against the advice of banking and government officials, Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with minuscule loans. Grameen Bank, based on the belief that credit is a basic human right, not the privilege of a fortunate few, now provides over 2.5 billion dollars of micro-loans to more than two million families in rural Bangladesh. Ninety-four percent of Yunus's clients are women, and repayment rates are near 100 percent. Around the world, micro-lending programs inspired by Grameen are blossoming, with more than three hundred programs established in the United States alone. Banker to the Poor is Muhammad Yunus's memoir of how he decided to change his life in order to help the world's poor. In it he traces the intellectual and spiritual journey that led him to fundamentally rethink the economic relationship between rich and poor, and the challenges he and his colleagues faced in founding Grameen. He also provides wise, hopeful guidance for anyone who would like to join him in "putting homelessness and destitution in a museum so that one day our children will visit it and ask how we could have allowed such a terrible thing to go on for so long." The definitive history of micro-credit direct from the man that conceived of it, Banker to the Poor is necessary and inspirational reading for anyone interested in economics, public policy, philanthropy, social history, and business. Muhammad Yunus was born in Bangladesh and earned his Ph. D. in economics in the United States at Vanderbilt University, where he was deeply influenced by the civil rights movement. He still lives in Bangladesh, and travels widely around the world on behalf of Grameen Bank and the concept of micro-credit."--Publisher's website.

Small Money Big Impact

Peter A. Fanconi,Patrick Scheurle
Small Money Big Impact Book PDF

Author : Peter A. Fanconi,Patrick Scheurle
Publisher : John Wiley & Sons
Page : 272 pages
File Size : 42,9 Mb
Release : 2017-05-01
Category : Business & Economics
ISBN : 9781119338208

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Small Money Big Impact by Peter A. Fanconi,Patrick Scheurle Pdf

Make your money make a difference—and enjoy attractive returns Small Money, Big Impact explores and explains the globally growing importance of impact investing. Today, the investor's perspective has become as important as the actual social impact. Based on their experience with over 25 million micro borrowers, the authors delve into the mechanics, considerations, data and strategies that make microloans and impact investing an attractive asset class. From the World Bank to the individual investor, impact investing is attracting more and more attention. Impact investing is a global megatrend and is reshaping the way people invest as pension funds, insurance companies, foundations, family offices and private investors jump on board. This book explains for the first time how it works, why it works and what you should know if you're ready to help change the world. Impact investing has proven over the last 20 years as the first-line offense against crushing poverty. Over two billion people still lack access to basic financial services, which are essential for improving their livelihood. Investors have experienced not only social and environmental impact, but have received attractive, stable and uncorrelated returns for over 15 years. This guide provides the latest insights and methodologies that help you reap the rewards of investing in humanity. Explore the global impact investing phenomenon Learn how microloans work, and how they make a difference Discover why investors are increasingly leaning into impact investing Consider the factors that inform impact investing decisions Part social movement and part financial strategy, impact investing offers the unique opportunity for investors to power tremendous change with a small amount of money— expanding their portfolios as they expand their own global impact. Microfinance allows investors at any level to step in where banks refuse to tread, offering opportunity to those who need it most. Small Money, Big Impact provides the expert guidance you need to optimize the impact on your portfolio and the world.

Microfinance

Jude L. Fernando
Microfinance Book PDF

Author : Jude L. Fernando
Publisher : Routledge
Page : 226 pages
File Size : 43,5 Mb
Release : 2004-08-02
Category : Business & Economics
ISBN : 9781134333318

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Microfinance by Jude L. Fernando Pdf

Microfinance is defined as the financial services offered to the poor for the purpose of promoting small-scale enterprises, and as such it is one of the most important topics in development studies and a burgeoning area in economics. This volume provides a much-needed historical, political and economic dimension to the current knowledge on microfinance. Collectively, the contributors chart the relationship between the prevailing popularity of microfinance and the consolidation of neoliberal economic ideology worldwide. They demonstrate how microfinance, as a market-friendly approach to development, coincides with the global trend towards diminishing the role of the state in economic development, basic healthcare, education and welfare. The articles in the volume focus on the empirical analyses of the experience of microfinance in women’s everyday lives, but rejects the connection between microfinance and women’s empowerment so often imputed in literature. This book offers regional, cultural and other explanations for variable assessments of microfinance and empowerment. It fills a huge gap in published microfinance literature and will be of great interest to postgraduates and professionals in the fields of economics, international finance and banking.

Defying the Odds

Eugene Versluysen
Defying the Odds Book PDF

Author : Eugene Versluysen
Publisher : Unknown
Page : 280 pages
File Size : 54,9 Mb
Release : 1999
Category : Banks and banking
ISBN : UCSC:32106015776682

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Defying the Odds by Eugene Versluysen Pdf

Focuses on the growth of microfinance in the context of social and economic changes and upheavals in developing countries. Presesnts the experiences and achievements of microfinance institutions and their clients in the form of country-based case studies.

Financial Performance and Outreach

Robert J. Cull,Aslı Demirgüç-Kunt,Jonathan Morduch
Financial Performance and Outreach Book PDF

Author : Robert J. Cull,Aslı Demirgüç-Kunt,Jonathan Morduch
Publisher : World Bank Publications
Page : 51 pages
File Size : 41,8 Mb
Release : 2006
Category : Bank loans
ISBN : 9780601241637

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Financial Performance and Outreach by Robert J. Cull,Aslı Demirgüç-Kunt,Jonathan Morduch Pdf

Microfinance contracts have proven able to secure high rates of loan repayment in the face of limited liability and information asymmetries, but high repayment rates have not translated easily into profits for most microbanks. Profitability, though, is at the heart of the promise that microfinance can deliver poverty reduction while not relying on ongoing subsidy. The authors examine why this promise remains unmet for most institutions. Using a data set with unusually high quality financial information on 124 institutions in 49 countries, they explore the patterns of profitability, loan repayment, and cost reduction. The authors find that institutional design and orientation matter substantially. Lenders that do not use group-based methods to overcome incentive problems experience weaker portfolio quality and lower profit rates when interest rates are raised substantially. For these individual-based lenders, one key to achieving profitability is investing more heavily in staff costs-a finding consistent with the economics of information but contrary to the conventional wisdom that profitability is largely a function of minimizing cost.

The Microfinance Revolution

Marguerite Robinson
The Microfinance Revolution Book PDF

Author : Marguerite Robinson
Publisher : World Bank Publications
Page : 358 pages
File Size : 52,8 Mb
Release : 2001-06-01
Category : Business & Economics
ISBN : 9780821383384

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The Microfinance Revolution by Marguerite Robinson Pdf

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.

Microfinance Institutions

R. Mersland,Ø. Strøm
Microfinance Institutions Book PDF

Author : R. Mersland,Ø. Strøm
Publisher : Springer
Page : 300 pages
File Size : 42,6 Mb
Release : 2014-12-10
Category : Business & Economics
ISBN : 9781137399663

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Microfinance Institutions by R. Mersland,Ø. Strøm Pdf

Research on MFI performance is still in its infancy. MFIs are hybrid organizations with dual objectives. Performance studies in microfinance are therefore less straightforward compared to performance studies in traditional banking research. This book contains new MFI performance research by top scholars from across the globe.

The Microfinance Impact

Ranjula Bali Swain
The Microfinance Impact Book PDF

Author : Ranjula Bali Swain
Publisher : Routledge
Page : 161 pages
File Size : 53,7 Mb
Release : 2013-08-15
Category : Business & Economics
ISBN : 9781136308109

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The Microfinance Impact by Ranjula Bali Swain Pdf

Financial inclusion through microfinance has become a powerful force in improving the living conditions of poor farmers, rural non-farm enterprises and other vulnerable groups. In its unique ability to link the existing extensive network of India’s rural bank branches with the Self Help Groups (SHG), the National Bank of Agriculture and Rural Development (NABARD) has covered up to 97 million poor households by March 2010 under its Self Help Group Bank Linkage Programme. Policy-makers have proclaimed SHGs as ‘‘the most potent initiative ... for delivering financial services to the poor in a sustainable manner." This book presents a comprehensive scientific assessment of the impact of the Self Help Group Bank Linkage Programme (SBLP) on the member households. The book discusses wide-ranging topics, including the rural financial sector in India, the history and structure of the SBLP, the impact methodologies, the economic and social impact of microfinance, its role in building assets while reducing poverty and vulnerability, the role of women and their empowerment, training and accumulation of human capital and policy implications of lessons learned. The empirical results show that vulnerability of the more mature SHG members declines significantly. Vulnerability also falls for villages with better infrastructure and for SHGs that are formed by NGOs and linked by banks. The results strongly demonstrate that on average, there is a significant increase in the empowerment of the female participants. The economic impact of SBLP is found to be the most empowering. Greater autonomy and changes in social attitudes also lead to female empowerment. The investigation further reveals that training (especially business training) has a definite positive impact on assets but not on income. The impact of training can be improved through better infrastructure (as in paved roads), linkage model type, and the training organiser. Bridging the gap in the existing literature and between academics and practitioners, this book moves beyond the usual theoretical issues in the impact assessment literature and draws on new developments in methodology. It will be of interest to academics, development practitioners and students of economics, political science, sociology, public policy and development studies.