Microfinance

Contents......Page 8
List of Tables......Page 11
List of Figures......Page 12
List of Boxes......Page 13
Preface and Acknowledgements......Page 14
Notes on the Contributors......Page 15
Introduction......Page 17
1.1 Introduction......Page 22
1.2 The nature of microfinance: microfinance vs microcredit......Page 23
1.3 The demand for microfinance......Page 24
1.4 The supply of microfinance......Page 26
1.5 Products and services in microfinance......Page 29
1.6 A new taxonomy for microfinance......Page 30
1.7 Microfinance and ethical finance......Page 32
1.8 Conclusion......Page 39
2.1 Introduction......Page 41
2.2 Financial services......Page 42
2.3 Product development process......Page 52
2.4 Non financial services: minimalist vs integrated approach......Page 55
2.5 New frontiers in microfinance services......Page 56
2.6 Conclusion......Page 57
3.1 Introduction......Page 59
3.2 The screening of beneficiaries......Page 60
3.3 The nature of financed assets......Page 62
3.4 Distinguishing features of microcredits......Page 63
3.5 Collateral policies......Page 65
3.6 Interest rates in microcredit......Page 71
3.7 Conclusion......Page 74
4.1 Introduction......Page 75
4.2 Sustainability and outreach......Page 76
4.3 Sustainability: how to reach it......Page 80
4.4 Outreach: how to select the beneficiaries......Page 83
4.5 The microfinance dilemma: sustainability vs outreach......Page 85
4.6 The policies for improving sustainability......Page 87
4.7 Conclusion......Page 90
5.1 Introduction......Page 92
5.2 A taxonomy of risks for microfinance......Page 93
5.3 The business risk......Page 94
5.4 Financial risks......Page 96
5.5 Process risks......Page 110
5.6 Conclusion......Page 112
6.1 Introduction......Page 114
6.2 Reasons for a process approach......Page 115
6.3 Microfinance processes......Page 116
6.4 The process of microcredit......Page 119
6.5 Process-related risks......Page 123
6.6 Control typologies......Page 126
6.7 The incentive system......Page 129
6.8 Conclusion......Page 131
7.1 Introduction......Page 133
7.2 Performance analysis......Page 134
7.3 Performance evaluation model for microfinance project......Page 137
7.4 Performance evaluation models for MFIs......Page 141
7.5 Conclusion......Page 151
8.1 Introduction......Page 153
8.2 Regulation, supervision and microfinance......Page 154
8.3 Determinants for regulating microfinance......Page 155
8.4 Key variables for microfinance regulation......Page 159
8.5 Which instruments to adopt......Page 165
8.6 Conclusion......Page 170
9.2 The features of modern microfinance......Page 172
9.3 The microfinance platform: actors and functions......Page 174
9.4 Conclusion......Page 178
Notes......Page 179
Bibliography......Page 181
E......Page 192
M......Page 193
P......Page 194
T......Page 195
W......Page 196