Microfinance in South Asia : Toward Financial Inclusion for the Poor
In South Asia, the modern microfinance movement was born in Bangladesh in the 1970s as a response to the prevailing poverty conditions among its vast rural population. Astonishing growth rates in Bangladesh, particularly during 1990s, created a new...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2021
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/134951468101989178/Microfinance-in-South-Asia-toward-financial-inclusion-for-the-poor http://hdl.handle.net/10986/36688 |
| Summary: | In South Asia, the modern microfinance
movement was born in Bangladesh in the 1970s as a response
to the prevailing poverty conditions among its vast rural
population. Astonishing growth rates in Bangladesh,
particularly during 1990s, created a new dimension for
microfinance worldwide as microfinance institutions grew to
include millions of clients. The start of the twenty-first
century reinforced this trend as the Bangladesh numbers
continued to grow impressively; in India, a substantial
microfinance system based on Self-Help Groups (SHGs)
developed. Other countries of the region made slower and
later starts but have since established active microfinance
sectors. This working paper includes the following headings:
the financial landscape and the emergence of microfinance;
limitations and challenges; institutional structures and
delivery systems; financing structures; product diversity;
transparency and performance; impact and social performance;
systems that support microfinance; and conclusions and
future perspective. |
|---|