Microfinance in marginal and upland areas

Hans Dieter Seibel

No 1999,11, Working Papers from University of Cologne, Development Research Center

Abstract: Microfinance comprises microsavings, microcredit and other financial services such as microinsurance and microleasing. Small amounts of savings are col-lected: daily, weekly, at market days, after harvests or irregularly. They are then transformed into microloans which are repaid in microinstalments: this is micro-credit. I call any institution that provides such microfinancial services a microfi-nance institution. This includes financial self-help groups, savings and credit co-operatives, rural banks, branches of Agricultural Development Banks and some commercial banks, furthermore moneylenders, deposit collectors, credit NGOs and rotating savings and credit associations. A small number of them is donor-supported. Sustainable rural financial institutions are a prerequisite of sustain-able rural development in any country and any region.

Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:uocaef:199911

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