The Handbook of Microfinance
Handbook of Microfinance addresses the gap between clients who are benefiting from access to financial services via MFIs, and the potential market, which remains underserved or untapped. This gap can be attributed to a "mismatch" between what consumers, or potential clients, demand and what MFIs offer in terms of financial products. The scope of the book is wide. It includes successes and failures, main challenges and debates, methodologies for impact evaluation via random trials, leading trends in Asia versus Latin America, main efforts in Africa, the importance of value chains in Central America, ethical and gender issues, savings, microinsurance, governance, commercialization trends and the potential advantages and disadvantages of it. Lastly it features main lessons from informal finance and 19th-century credit cooperatives addressing the above-mentioned mismatch.
The New Microfinance Handbook
The New Microfinance Handbook provides a detailed overview of client financial service needs, the various providers and financial products and services that meet those needs, and the supporting functions that allow the financial market system to provide better, more appropriate financial services to the poor sustainably.
The purpose of the 'Microfinance Handbook' is to bring together in a single source guiding principles and tools that will promote sustainable microfinance and create viable institutions.
Handbook of Microcredit in Europe
'Microcredit in Europe has had an uncomfortable birth, often not able to emulate the successes of the developing world either in scaling-up or in attacking poverty. But things are looking up, across much of the continent; this Handbook explains how. It will be an extremely valuable asset to practitioners and researchers seeking to make microcredit into an effective instrument of social policy.' - Paul Mosley, University of Sheffield, UK
Handbook of Microfinance
Microfinance is a major development tool in less-developed countries, and thus of vital concern for all contemporary studies of the social theory of development. The promises of microfinance extend far beyond increased income generation in developing countries, and its products and goals are diverse: health, housing, water and sanitation, education, climate change mitigation, and empowerment of women. Microfinance Studies is an emerging field of research and teaching, and it is now clear that the perspectives on, and performance evaluations of, microfinance differ among disciplines, including economics, history, political science, gender studies, etc., and among individual scholars and practitioners (for example from NGO, government and donor agency backgrounds). These differences illustrate the wide gaps between `knowledge produced for understanding’ and `knowledge produced for action’—forms of knowing that have up until now been very separate, both in terms of their approach, and in the venues in which they are published. There is a pressing need for a comprehensive volume that brings together different disciplinary, interdisciplinary, and scholar and practitioner perspectives on microfinance. The current volume aims to bridge this gap. Missing in the current literature are discussions of the ways microfinance impinges on broader social, economic and political processes. This Handbook contains contributions from both scholars and practitioners, with a particular emphasis on exploring the way different domains of knowledge inform each other. It is divided into sections including a glossary and an appendix of information about important agencies involved in microfinance. The conceptual rigour and empirical richness of these chapters will spring from cross-disciplinary and cross-cultural perspectives. Well-structured for reference, the Handbook of Microfinance is accessible to a broad audience of general readers, and also useful to scholars and practitioners.
The Economics of Microfinance
An accessible analysis of the global expansion of financial markets in poor communities, incorporating the latest thinking and evidence.
The Oxford Handbook of Entrepreneurial Finance
Provides a comprehensive picture of issues dealing with different sources of entrepreneurial finance and different issues with financing entrepreneurs. The Handbook comprises contributions from 48 authors based in 12 different countries.
Microfinance and Financial Inclusion
Following the recent global financial crisis there is a growing interest in alternative finance – and microfinance in particular – as new instruments for providing financial services in a socially responsible way or as an alternative to traditional banking. Nonetheless, correspondingly there is also a lack of clarity about how to regulate alternative financial methods particularly in light of the financial crisis’ lessons on regulatory failure and shadow banking’s risks. This book considers microfinance from a legal and regulatory perspective. Microfinance is the provision of a wide range of financial services, particularly credit but also remittances, savings, to low-income people or financially excluded people. It combines a business structure with social inspiration, often resorts to technological innovations to lower costs (Fintech: e.g. crowdfunding and mobile banking) and merges with traditional local experiences (e.g. financial cooperatives and Islamic finance), this further complicating the regulatory picture. The book describes some of the unique dimensions of microfinance and the difficulties that this can cause for regulators, through a comparative analysis of selected European Union (EU) countries’ regimes. The focus is in fact on the EU legal framework, with some references to certain developing world experiences where relevant. The book assesses the impact and validity of current financial regulation principles and rules, in light of the most recent developments and trends in financial regulation in the wake of the financial crisis and compares microfinance with traditional banking. The book puts forward policy recommendations for regulators and policy makers to help address the challenges and opportunities offered by microfinance.
Transforming Microfinance Institutions
In response to a clear need by low-income people to gain access to the full range of financial services including savings, a growing number of microfinance NGOs are seeking guidelines to transform from credit-focused microfinance organizations to regulated deposit-taking financial intermediaries. In response to this trend, this book presents a practical 'how-to' manual for MFIs to develop the capacity to become licensed and regulated to mobilize deposits from the public. 'Transforming Microfinance Institutions' provides guidelines for regulators to license and regulate microfinance providers, and for transforming MFIs to meet the demands of two major new stakeholders regulators and shareholders. As such, it focuses on developing the capacity of NGO MFIs to mobilize and intermediate voluntary savings. Drawing from worldwide experience, it outlines how to manage the transformation process and address major strategic and operational issues inherent in transformation including competitive positioning, business planning, accessing capital and shareholders, and how to 'transform' the MFI's human resources, financial management, MIS, internal controls, and branch operations. Case studies then provide examples of developing a new regulatory tier for microfinance, and how a Ugandan NGO transformed to become a licensed financial intermediary. This book will be invaluable to regulators and microfinance NGOs contemplating institutional transformation and will be of tremendous use to donors and technical support agencies supporting MFIs in their transformation.
Handbook of Key Global Financial Markets Institutions and Infrastructure
This title begins its description of how we created a financially-intergrated world by first examining the history of financial globalization, from Roman practices and Ottoman finance to Chinese standards, the beginnings of corporate practices, and the advent of efforts to safeguard financial stability.