An Overview of Microfinance

Christopher Gan, Gilbert Nartea and Judy Li Xia

Chapter 1 in Microfinance in Asia, 2017, pp 1-22 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Microfinance has been recognised and considered as the common mechanism to provide credit for the poor and low-income people, especially people in rural areas. Since its initiation in Bangladesh in the seventies, it has been gradually embedded in national strategies of many developing countries as well as universal goal to combat with hunger and poverty in the new millennium. The chapter provides an overview of microfinance and microcredit. The chapter discusses who are the microfinance providers, who do they serve and how do they help the poor. The chapter also provides a summary of empirical evidence on the impact of microfinance.

Keywords: Microfinance; Poverty Alleviation; Rural Credit; Asia; Grameen Bank (search for similar items in EconPapers)
JEL-codes: F30 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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