The Main Features of Microcredit

Gianfranco Vento

Chapter 3 in Microfinance, 2006, pp 38-53 from Palgrave Macmillan

Abstract: Abstract In the world of microfinance, microcredit occupies a special place for more than a reason. First of all, it represents the most diffuse and significant product supplied by the vast majority of MFIs. Second, among all microfinance products, microcredit seems to have a greater and more direct impact on the conditions of beneficiaries, given that it allows, by using a small amount of money, to foster economic initiatives revenue-producers. Last, the supply of credit, even if of small amount, is a risky business for MFIs and, thus, it needs a particular attention in order not to incur serious loan losses.

Keywords: Interest Rate; Credit Risk; Loan Loss; Loan Portfolio; Financing Bank (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-62758-1_3

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DOI: 10.1057/9780230627581_3

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