Displaying items by tag: Microfinance

Microfinance is constantly facing significant changes: microfinance products are being developed and modified by MFIs; more and more traditional financial institutions, banks, fintech and other organizations, such as credit unions, guarantee funds and mobile operators are getting involved in microfinance; national authorities are developing and tightening up regulations in order to facilitate and speed up further financial sector development.

This study covers a wide range of topics that make this study appealing to MFIs, investors and other industry players from all over the world. It brings on board a unique network of experts and senior level speakers views who shares their experiences and perspectives on current and future trends and challenges in microfinance despite the difficult economic climate and ongoing changes in regulations.

Published in Amala Times

In the early 2000s, the microfinance sector was on a roll. It was accessing capital markets for growth, securing regulatory legitimacy, developing savings and insurance products in addition to credit, demonstrating social performance, and working on institutional transformation.

Away from the spotlight, microfinance institutions (MFIs) continues to grow, thrive and serve hundreds of millions of people, using their familiar methods and feeling little need to adjust. But as 2020 approaches, the digital juggernaut has changed the world around them in ways they cannot ignore.

Published in Amala Times

Introduction

Microfinance is usually thought of as microcredit. When people say microfinance, many think of it as a small loan, often to a woman. In Asia, where I’ve spent a lot of time recently, the way this works is that a number of women co-guarantee each other’s small loans. We’re talking about small loans to set up or to grow a small business. This loan is repaid over, say, six to 12 months. Typically, around five women cross-guarantee each other’s loans.

Published in Amala Times

Microfinance institutions were originally intended for financing the poor communities to help them sustain living, build better houses, acquire basic education and fight against poverty. With such primary mission, the performance of microfinance projects was measured by social impact of the projects to the warfare of the intended community (Brau & Woller, 2004; Morduch, 2000). This was until 1990’s, when there were changes in the focus among different microfinance stakeholders requiring the institutions to focus not only of social impact but also on efficiency use of funds and as well as sustainable operations.

Published in Amala Times
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