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...

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Main Author: World Bank
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
id okr-10986-36688
recordtype oai_dc
spelling okr-10986-366882021-12-09T05:10:47Z Microfinance in South Asia : Toward Financial Inclusion for the Poor World Bank MICROFINANCE ACCESS TO FINANCIAL SERVICE NATIONAL BANK FOR AGRICULTURE SAVINGS AND CREDIT ASSOCIATION ACCESS TO BANKING FACILITIES STATE BANK OF PAKISTAN LOW-INCOME PEOPLE INSTITUTIONAL STRUCTURES DELIVERY SYSTEMS LOAN PRODUCTS DEPOSIT PRODUCTS MICROINSURANCE MONEY TRANSFER TRANSPARENCY SUSTAINABILITY SOCIAL PROTECTION SAFETY NETS TECHNOLOGY ROLE 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. 2021-12-08T14:57:19Z 2021-12-08T14:57:19Z 2006-12 Report http://documents.worldbank.org/curated/en/134951468101989178/Microfinance-in-South-Asia-toward-financial-inclusion-for-the-poor http://hdl.handle.net/10986/36688 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study South Asia South Asia Afghanistan Bangladesh India Nepal Pakistan Sri Lanka
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic MICROFINANCE
ACCESS TO FINANCIAL SERVICE
NATIONAL BANK FOR AGRICULTURE
SAVINGS AND CREDIT ASSOCIATION
ACCESS TO BANKING FACILITIES
STATE BANK OF PAKISTAN
LOW-INCOME PEOPLE
INSTITUTIONAL STRUCTURES
DELIVERY SYSTEMS
LOAN PRODUCTS
DEPOSIT PRODUCTS
MICROINSURANCE
MONEY TRANSFER
TRANSPARENCY
SUSTAINABILITY
SOCIAL PROTECTION
SAFETY NETS
TECHNOLOGY ROLE
spellingShingle MICROFINANCE
ACCESS TO FINANCIAL SERVICE
NATIONAL BANK FOR AGRICULTURE
SAVINGS AND CREDIT ASSOCIATION
ACCESS TO BANKING FACILITIES
STATE BANK OF PAKISTAN
LOW-INCOME PEOPLE
INSTITUTIONAL STRUCTURES
DELIVERY SYSTEMS
LOAN PRODUCTS
DEPOSIT PRODUCTS
MICROINSURANCE
MONEY TRANSFER
TRANSPARENCY
SUSTAINABILITY
SOCIAL PROTECTION
SAFETY NETS
TECHNOLOGY ROLE
World Bank
Microfinance in South Asia : Toward Financial Inclusion for the Poor
geographic_facet South Asia
South Asia
Afghanistan
Bangladesh
India
Nepal
Pakistan
Sri Lanka
description 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.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Microfinance in South Asia : Toward Financial Inclusion for the Poor
title_short Microfinance in South Asia : Toward Financial Inclusion for the Poor
title_full Microfinance in South Asia : Toward Financial Inclusion for the Poor
title_fullStr Microfinance in South Asia : Toward Financial Inclusion for the Poor
title_full_unstemmed Microfinance in South Asia : Toward Financial Inclusion for the Poor
title_sort microfinance in south asia : toward financial inclusion for the poor
publisher Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/en/134951468101989178/Microfinance-in-South-Asia-toward-financial-inclusion-for-the-poor
http://hdl.handle.net/10986/36688
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