Les plafonnements de taux d'intérêt en microfinance servent-ils réellement les pauvres et petits opérateurs économiques ?

Denis H. Acclassato

Mondes en développement, 2008, vol. n° 141, issue 1, 93-109

Abstract: In emerging economies, microfinance institutions begin to play an increasing role by providing financial services to poors and small enterprises. However, usury laws are becoming generalized in those countries. This study shows that interest rate ceilings do not really protect small business, and finally, cause damage to microfinance institutions. To be sustainable and thereby reach a larger number of clients, microfinance institutions need to price loans in a realistic way. One way to protect borrowers is to stimulate competition among MFIs by promoting transparency on interest rates.

Keywords: Effective interest rate; ceilings; Usury; Microfinance (search for similar items in EconPapers)
Date: 2008
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