Microfinance institutions in the development of financial markets

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cepal.bibLevelSección o Parte de un Documento
cepal.callNumberX/C 22(81/2003)
cepal.docTypeRevistas
cepal.idSade20712
dc.contributor.authorTerberger, Eva
dc.date.accessioned2014-01-02T18:43:42Z
dc.date.available2014-01-02T18:43:42Z
dc.date.issued2003-12
dc.descriptionIncludes bibliography
dc.description.abstract 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.
dc.formatTexto
dc.format.extentpáginas. 187-202
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2216-P
dc.identifier.urihttps://hdl.handle.net/11362/10994
dc.language.isoeng
dc.physicalDescriptionp. 187-202
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo81
dc.relation.isPartOfSeriesCEPAL Review
dc.subject.unbisEngBUSINESS FINANCING
dc.subject.unbisEngCAPITAL MARKETS
dc.subject.unbisEngFINANCIAL INSTITUTIONS
dc.subject.unbisEngFINANCIAL SERVICES
dc.subject.unbisEngPOVERTY MITIGATION
dc.subject.unbisSpaFINANCIAMIENTO DE EMPRESAS
dc.subject.unbisSpaINSTITUCIONES FINANCIERAS
dc.subject.unbisSpaMERCADOS DE CAPITAL
dc.subject.unbisSpaMITIGACION DE LA POBREZA
dc.subject.unbisSpaSERVICIOS FINANCIEROS
dc.titleMicrofinance institutions in the development of financial markets
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublication755ab8e5-cf03-428d-b21c-a4c41266cad6
relation.isAuthorOfPublication.latestForDiscovery755ab8e5-cf03-428d-b21c-a4c41266cad6
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