The new moneylenders: Are the poor being exploited by high microcredit interest rates?

Richard Rosenberg, Adrian Gonzalez and Sushma Narain

A chapter in Moving Beyond Storytelling: Emerging Research in Microfinance, 2009, pp 145-181 from Emerald Group Publishing Limited

Abstract: Over the past two decades, institutions that make microloans to low-income borrowers in developing and transition economies have focused increasingly on making their lending operations financially sustainable by charging interest rates that are high enough to cover all their costs. They argue that doing so will best ensure the permanence and expansion of the services they provide. Sustainable (i.e., profitable) microfinance providers can continue to serve their clients without needing ongoing infusions of subsidies and can fund exponential growth of services for new clients by tapping commercial sources, including deposits from the public.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:eme:csefzz:s1569-3759(2009)0000092008

DOI: 10.1108/S1569-3759(2009)0000092008

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