Innovations in Non-Financial Products and Services of Microfinance Institutions: Bangladesh’s Experience

Md Aslam Mia
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Md Aslam Mia: Universiti Sains Malaysia

Chapter Chapter 4 in Social Purpose, Commercialization, and Innovations in Microfinance, 2022, pp 69-86 from Springer

Abstract: Abstract Although started with a sole purpose of providing credit to the financially excluded in the early 1970s, modern microfinance institutions (MFIs) now offer various financial products and services along with a diverse set of non-financial products. To better understand product baskets of MFIs, this chapter exploits secondary sources of data to highlight some of the environmental and socio-economic development-related products, including non-financial and financial products. In so doing, some excellent examples were drawn from Bangladesh’s leading and top-performing MFIs. The finding shows that, apart from its flagship credit/deposit facilities, MFIs in Bangladesh offer diverse set of products and services, such as solar energy, education, religious and old home facilities, agricultural and food security, legal aid, healthcare, etc., all of which are aimed at addressing various environmental and societal challenges. Details of each product (selected) are scrutinized and discussed in this chapter.

Keywords: Non-government organizations; Non-bank financial institutions; Solar energy; Climate change; Green microfinance; Microfinance plus; Healthcare; Education (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-0217-8_4

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DOI: 10.1007/978-981-19-0217-8_4

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