Challenges and Innovations in Promoting Microfinance

Ronny Manos, Jean-Pierre Gueyié and Jacob Yaron

Chapter 1 in Promoting Microfinance, 2013, pp 3-16 from Palgrave Macmillan

Abstract: Abstract The competitive advantage and the distinctive feature of microfinance relative to conventional lending and saving institutions lie in its core mission of providing access to financial services to those considered unbankable by the formal financial services industry. This is based on the idea of inclusion and on the belief that increasing access to financial services should encourage entrepreneurial activity, generate growth and contribute to the alleviation of poverty (Khavul et al., 2013). It is also generally accepted that providing the unbankable with access to financial services should contribute to the empowerment of weaker populations and help them to build individual and social capital (Howson, 2012; Bateman, 2010).

Keywords: Data Envelopment Analysis; Efficient Frontier; Social Mission; Microfinance Institution; Mission Drift (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-03491-5_1

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DOI: 10.1057/9781137034915_1

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