Microfinance as an Approach to Development in Low Income Countries

Lansana Bangoura

Bangladesh Development Studies, 2012, vol. 35, issue 4, 87-111

Abstract: The paper examines the link between microfinance and the fight against poverty in developing countries. It explores the issues and the limits of the major approaches (welfarist and institutionalist) in microfinance and presents different forms of contract in microfinance. It further analyses the current status of microfinance in developing countries, its characteristics, and its articulation with the policies against poverty and inequality. Recent policies against poverty, advocated by both the donors and developing countries, view the microfinance sector as a key tool of public policy by establishing regulatory frameworks and framing national policies relating to microfinance

Keywords: Microfinance; Economic Development; Poverty Allevi ation; Microfinance Institutions (search for similar items in EconPapers)
JEL-codes: F63 G21 I30 O16 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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