Microfinance for Entrepreneurial Development: Sustainability and Inclusion in Emerging Markets

by Douglas Cumming, Yizhe Dong, Wenxuan Hou, Binayak Sen

Overview

This edited collection presents recent developments, practical innovations, and policy reforms in the realm of microfinance in emerging markets. Microfinance has been hotly debated by ever-colliding camps of ardent supporters, who believe that microfinance addresses credit market failures and provides a durable answer to the problem of the poverty, and staunch critics, who argue that lending by microfinance institutions is wasteful, and the interest rates are too high. To bring further insight into this important debate, this book presents comprehensive historical, political, and economic perspectives on the latest issues in microfinance. An impressive array of scholars and practitioners build a framework for thinking about regulation to drive sustainable, inclusive development. With case studies of programs in India, Ghana, and Bangladesh, and examinations of the effects of gender and religion on financial decision-making, this comprehensive collection offers something valuable to scholars, policymakers, and practitioners—anyone with a vested interest in promoting innovation in microfinance.

Product Details

ISBN-13:	9783319872377
Publisher:	Springer International Publishing
Publication date:	05/17/2018
Edition description:	Softcover reprint of the original 1st ed. 2017
Pages:	224
Product dimensions:	5.83(w) x 8.27(h) x 0.02(d)

About the Author

Douglas Cumming is Professor of Finance and Entrepreneurship and Ontario Research Chair at the Schulich School of Business, York University, Canada.

Yizhe Dong is Senior Lecturer (Associate Professor) in Finance at University of Aberdeen, UK.

Wenxuan Hou is Chair of Corporate Finance at the University of Edinburgh Business School, UK.

Binayak Sen is Senior Research Fellow at the International Food Policy Research Institute (IFPRI) in Washington, DC, USA.

Table of Contents

1. The End of Imagination? Understanding New Developments in Microfinance; Douglas Cumming, Yizhe Dong, Wenxuan Hou, and Binayak Sen
2. The Influence of Formal and Informal Institutions on Microcredit: Financial Inclusion for Micro-Entrepreneurs by Lender Type; Alexander Newman, Susan Schwarz, Daniel Borgia and Wu Wei
3. Microfinance for Entrepreneurial Development: Study of Women’s Group Enterprise Development in India; Naveen Kumar K
4. Perception of Microfinance Debtors and Loan Officers on the Importance of Entrepreneurial and Business Skills for Loan Repayment Rates; Daniel Agbeko, Vincent Blok, S.W.F. Omta, and G. Van der Velde
5. Choice of Finance in an Emerging Market: The Impact of Independent Decisions, Politics, and Religion; Nurhan Davutyan and Belma Öztürkkal
6. Managing Everyday Living: Microfinance and Capability; Liong Ing Ling, Jill Wilson, and Lynda Shevellar
7. Credit, Microfinance, and Empowerment; Vani S Kulkarni, Md Shafiul Azam, and Raghav Gaiha
8. Microfinance Impact Assessment Methodologies: Is it Qualitative, Quantitative, or Both?; Onafowokan O. Oluyombo and Grace O. Iriobe
9. What is Islamic Microfinance?; Luqyan Tamanni and Frank Hong Liu
10. Determinants of Total Factor Productivity in Microfinance Institutions: Evidence from Bangladesh; Md Aslam Mia