Microfinance and Poverty Reduction

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Overview

This book considers various types of microfinance schemes and compares the effectiveness of different approaches in aiding poverty reduction.

The provision of credit and other financial services has become increasingly seen as the answer to the problems facing poor people. Microfinance interventions have the capacity to increase incomes, contribute to individual and household security, and change social relations for the better. But it cannot be assumed that they will do so and it may often be more effective in terms of poverty reduction to combine credit provision with other development activities.

The authors emphasize the importance of first studying ...

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Overview

This book considers various types of microfinance schemes and compares the effectiveness of different approaches in aiding poverty reduction.

The provision of credit and other financial services has become increasingly seen as the answer to the problems facing poor people. Microfinance interventions have the capacity to increase incomes, contribute to individual and household security, and change social relations for the better. But it cannot be assumed that they will do so and it may often be more effective in terms of poverty reduction to combine credit provision with other development activities.

The authors emphasize the importance of first studying the local context, and then considering the macro-economic 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; aspects of sustainability and impact assessment are considered with reference to these case studies and to other examples.

Product Details

  • ISBN-13: 9780855983697
  • Publisher: Oxfam Publishing
  • Publication date: 11/28/1997
  • Pages: 144
  • Series: Oxfam Development Guidelines Series
  • Product dimensions: 5.76 (w) x 8.36 (h) x 0.36 (d)

Meet the Author

Susan Johnson is Lecturer in International Development, University of Bath. She previously worked for ActionAid and has researched and written on impact assessment in microfinance mainly in Africa.

Table of Contents

Acknowledgements
Introduction 1
1 Current debates in microfinance 5
2 Informal financial services 16
3 The design of savings and credit schemes for poor people 35
4 Financial performance and sustainability 58
5 Assessing impact 72
6 Case studies 85
7 Conclusions 118
Annex 1: Table 1 Six microfinance institutions 125
Annex 2: Repayment rate and arrears rate 126
References 128

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