The microfinance revolution, begun with independent initiatives in Latin America and South Asia starting in the 1970s, has so far allowed 65 million poor people around the world to receive small loans without collateral, build up assets, and buy insurance. This comprehensive survey of microfinance s...
Timothy Besley, Stephen Coate
In this paper, we investigate the impact on repayment rates of lending to groups which are made jointly liable for repayment. This type of scheme, especially in the guise of the Grameen Bank in Bangladesh, has received increasing attention. We set up and analyze the ‘repayment game’ which group lend...
Muhammad Yunus is that rare thing: a bona fide visionary. His dream is the total eradication of poverty from the world. In 1983, against the advice of banking and government officials, Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with minuscule loans. Grameen Bank...
Prabirendra Chatterjee, Sudipta Sarangi, Beatriz Armendáriz de Aghion, Jonathan Morduch
The microfinance revolution, begun with independent initiatives in Latin America and South Asia starting in the 1970s, has so far allowed 65 million poor people around the world to receive small loans without collateral, build up assets, and buy insurance. This comprehensive survey of microfinance s...
Manohar Sharma, Manfred Zeller
Robert Cull, Asli Demirgüç‐Kunt, Jonathan Morduch
In April 2007, Banco Compartamos of Mexico held a public offering of its stock in which insiders sold 30 percent of their holdings. The sale was over-subscribed by 13 times, and Compartamos was soon worth $1.6 billion (for details of the story, see Rosenberg, 2007; Malkin, 2008; Accion International...
Md. Kausar Alam
Purpose The study aims to explore the case study method with the formation of questions, data collection procedures and analysis, followed by how and on which position the saturation is achieved in developing a centralized Shariah governance framework for Islamic banks in Bangladesh. Design/methodol...
Marie Godquin
Manfred Zeller, Richard L. Meyer, Zeller, Manfred, Meyer, Richard L.
Contents: List of FiguresList of TablesList of BoxesForeword Preface 1 Improving the Preformance of Microfinance: Financial Sustainability, Outreach, and Impact MANFRED ZELLER AND RICHARD L. MEYERPART I Access to and Demand for Financial Services by the Poor 2 Access to and Demand for Financial Serv...
Alan Jolis, Muhammad Yunus
(GB) has reversed conventional banking practice by removing the need for collateral and created a banking system based on mutual trust, accountability, participation and creativity. GB provides credit to the poorest of the poor in rural Bangladesh, without any collateral. At GB, credit is a cost eff...
Richard Montgomery
This paper utilizes case studies from Bangladesh and Sri Lanka to explore a disadvantage of group lending schemes: the unnecessary social costs of repayment pressure. The author argues that extending credit and meeting the needs of the poor need not be incompatible. The poor can be protected from so...
Sudipta Bose, Habib Zaman Khan, Afzalur Rashid, Shajul Islam
Shahidur R. Khandker
BANKS;BANGLADESH;ASIA;FINANCIAL MARKET;CREDIT
Susanna Khavul
Microfinance is an emerging phenomenon that opens access to capital for individuals previously shut out from financial services. In its direct engagement with the poor, microfinance represents a new way for financial capital to potentially stimulate economic growth in developing countries. However, ...
Habib Ahmed
While conventional microfinance institutions (MFIs) have expanded their operations in the last two decades, poverty-focused MFIs based on Islamic principles are lagging behind. This paper provides the theoretical basis, operational framework, and empirical support for the establishment of Islamic MF...