The Microfinance Industry

Sigurdur Gudjonsson ()
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Sigurdur Gudjonsson: University of Akureyri

No 8110448, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: In this presentation the current stage of the microfinance industry will be described. The microfinance industry has increased drastically over the last few decades. It began as a handful of institutions in the late 1970´s but is now a growing market with thousands of institutions. Most of the microfinance institutions are in the developing countries, particularly in India, Pakistan and Bangladesh. Recently, however, microfinance institutions are being established in the developed world. In addition in the presentation, a history of past failure of subsidized loans is explained. Different but important contributions from Stiglitz and Yunnus are accounted for. Finally, the microfinance industry´s current state and potential future growth will be described.

Keywords: Microfinance; poverty; loans (search for similar items in EconPapers)
JEL-codes: M10 M14 (search for similar items in EconPapers)
Pages: 1 page
Date: 2018-11
New Economics Papers: this item is included in nep-his and nep-mfd
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Published in Proceedings of the Proceedings of the 44th International Academic Conference, Vienna, Nov 2018, pages 80-80

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:8110448

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