Details

Autor(en) / Beteiligte

• Ghosh, Jayati

Titel

Microfinance and the challenge of financial inclusion for development

Ist Teil von

• Cambridge journal of economics, 2013-11, Vol.37 (6), p.1203-1219

Ort / Verlag

Oxford: Oxford University Press

Erscheinungsjahr

2013

Link zum Volltext

Quelle

PAIS Index

Beschreibungen/Notizen

• This article provides a review of the recent literature on microfinance in developing countries and a critical assessment of its effectiveness. It examines the experience of India, which has one of the largest microfinance sectors in the world, and particularly the unfolding of the microfinance crisis in Andhra Pradesh. It concludes that microfinance cannot be seen as a silver bullet for development and that profit-oriented microfinance institutions are problematic. To fulfil even some of its progressive goals, it must be regulated and subsidised, and other strategies for viable financial inclusion of the poor and of small producers must be more actively pursued.