The Triangle of Microfinance: Financial Sustainability, Outreach, and Impact

The Triangle of Microfinance: Financial Sustainability, Outreach, and Impact
Автор
 
Год
 
Страниц
 
356
ISBN
 
080187226X
Издатель
 
The MIT Press
Категория
 
Разное

Описание:

Since the 1980s when the microfinance revolution began, much has been accomplished, but the field became more refined in the 1990s as a result of shifts in paradigms, strategies, and development practices. This volume addresses the three policy objectives that now occupy those who wish to use credit as a development tool: financial sustainability of microfinance institutions, outreach to the poor, and welfare impact. Inevitable tradeoffs exist among these objectives, and the book advances an analytical framework that assists students of and experts in microfinance to identify the tradeoffs and synergies at the institutional level and in the policy environment. The book features a wealth of empirical data and innovative analytical studies, and critically discusses the role of public support for microfinance institutions (MFIs) in light of the social costs and benefits generated by such financial systems. The book is organized into five parts. The first discusses the demand for...

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