Microfinance
Microfinance
Barometer 2017: global trends of the sector...
Microfinance: a dynamic and fast-changing sector
In his editorial, Jean-Luc Perron, vice chairman of Convergences,
gives an overview of a sector with annual growth of over 9% in
the global portfolio of loans and the number of active borrowers.
Still, some two billion adults today don't have access to a financial
institution.
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Trends
in Microfinance
Microfinance is the practice of providing small scale financial
services to the world's poor, mainly loans and savings and increasingly
other products like insurance and money transfer. Worldwide there
are an estimated 10,000 Micro Finance Institutions, with charters
ranging from non profit NGOs to Credit Unions and Commercial Banks.
The 1,300 MFIs who at the end of 2008 were...
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Key
facts abour Microfinance
Microfinance is the supply of loans, savings, insurance and other
basic financial services to low-income households and microenterprises,
often in emerging economies, where people do not normally have
access to normal bank loans. Most microfinance credit is provided
without collateral and loans are small, usually less than $100.
Source
Microfinance
and Economic Development - World Bank
Microfinance was first trumpeted as a way to unleash the productive
capacities of poor people dependent on self-employment (e.g.,
Hulme and Mosley 1996). The idea was straightforward: microfinance
would transform customers’ businesses by ....
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Top
10 Microfinance Institutions in India
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