Microfinance Meets the Market

Microfinance institutions have proved the possibility of providing reliable banking services to poor customers. Their second aim is to do so in a commercially-viable way. This paper analyzes the tensions and opportunities of microfinance as it embr...

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Bibliographic Details
Main Authors:	Cull, Robert, Demirgüç-Kunt, Asli, Morduch, Jonathan
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO BANKS ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO LOANS ACCOUNTING ACCOUNTING STANDARDS AFFILIATE AGRICULTURAL ECONOMICS ASYMMETRIC INFORMATION AUTOMATED TELLER MACHINES AVERAGE INTEREST AVERAGE INTEREST RATE BANK BORROWERS BANK CREDIT BANK CUSTOMERS BANK LOAN BANK POLICY BANKING SERVICES BORROWER BORROWING BUSINESS LOANS BUSINESS SCHOOLS CALCULATIONS CAPITAL COSTS CAPITAL INVESTMENT CAPITAL MARKET CAPITAL MARKETS CASH FLOWS COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL BORROWING COMMERCIAL INVESTMENT CONSUMER CONSUMER LOANS CONTRIBUTIONS COST OF CAPITAL CREDIT ACCESS CREDIT COOPERATIVES CREDIT MARKETS CREDIT UNION CREDIT UNIONS CUSTOMER BASE DEBIT CARDS DEBT DEFAULT RATES DEFAULTERS DEPOSIT DEPOSITORS DEPOSITS DEVELOPING COUNTRIES DEVELOPING ECONOMIES DONOR SUPPORT EARNINGS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMPLOYMENT ENTREPRENEURS EXCHANGE RATE FACE VALUE FAMILIES FAMILY MEMBERS FARM ENTERPRISES FARMERS FEMALE BORROWERS FINANCIAL ACCESS FINANCIAL DATA FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARY FINANCIAL LIVES FINANCIAL MAINSTREAM FINANCIAL MARKETS FINANCIAL MEASURES FINANCIAL OPTIONS FINANCIAL PERFORMANCE FINANCIAL SELF - SUFFICIENCY FINANCIAL SELF-SUFFICIENCY FINANCIAL STATEMENTS FINANCIAL STRUCTURE FINANCIAL SUSTAINABILITY FINANCIAL TRANSACTIONS FIXED COSTS FOREIGN CAPITAL FOREIGN DONORS FOREIGN INVESTMENT FORMAL FINANCIAL SERVICES FUTURE LOANS GENDER GENDER EQUALITY GENERAL PUBLIC GLOBAL CAPITAL GLOBAL CAPITAL MARKETS GLOBALIZATION GOVERNMENT BANKS GROUP LENDING GROUP-LENDING GROUP-LENDING CONTRACTS HANDICRAFTS HIDDEN SUBSIDIES HIGH INTEREST RATES HOLDINGS HOUSEHOLD INCOME HOUSEHOLDS IMPLICIT SUBSIDIES IMPLICIT SUBSIDY INCOME DISTRIBUTION INCOME LEVEL INCOMES INFLATION INITIAL PUBLIC OFFERING INSENSITIVITY INSTALLMENTS INSURANCE INTEREST INCOME INTEREST RATE INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL STANDARDS INVESTING IPO JOINT LIABILITY LENDING INTEREST RATE LIQUIDITY LOAN LOAN APPLICANTS LOAN DECISION LOAN LOSS PROVISIONS LOAN PAYMENTS LOAN PORTFOLIO LOAN PORTFOLIO QUALITY LOAN PORTFOLIOS LOAN PRODUCTS LOAN REPAYMENT LOAN REPAYMENT RATES LOAN REPAYMENTS LOAN SIZE LOAN SIZES LOCAL CURRENCY LONG-TERM LIABILITIES LOW COST LOW-INCOME LOW-INCOME CUSTOMERS LOW-INCOME PEOPLE MARKET DATA MFI MFIS MICRO-CREDIT MICRO-FINANCE MICRO-LOANS MICROCREDIT MICROENTERPRISES MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROFINANCE LENDING MICROFINANCE LOANS MICROFINANCE SECTOR MONETARY FUND MONEYLENDER MONEYLENDERS MUTUAL FUND NON-PERFORMING LOANS OPERATING COST OPERATING COSTS OPERATING EXPENSES OUTREACH OUTSTANDING BALANCE POLITICAL RISK POOR BORROWERS POOR COMMUNITIES PORTFOLIO QUALITY POVERTY LEVELS PRIME RATE PRIVATE INVESTORS PRIVATE SECTOR BANKS PRODUCTIVITY PROFITABILITY PRUDENTIAL REGULATION PUBLIC ECONOMICS PUBLIC POLICY PURCHASING POWER PURCHASING POWER PARITY RECENT LOANS REPAYMENT INCENTIVES REPAYMENT RATES RESERVE RESERVES RETAINED EARNINGS RETURN RETURN ON ASSETS RETURN ON EQUITY RETURNS RURAL BANK RURAL BANKS RURAL FINANCIAL MARKETS SALE SAVINGS SAVINGS DEPOSITS SAVINGS PRODUCTS SENIOR SMALL BUSINESSES SMALL LOANS SOCIAL MISSIONS SOCIALLY RESPONSIBLE INVESTORS SOFT LOANS SOLIDARITY GROUP LENDING START-UP STATE BANKS SUBSIDIZATION TAX TIME DEPOSITS TOTAL COSTS TRANSACTION TRANSACTION COSTS TRANSACTIONS COSTS VALUABLE VALUE ADDED TAXES VILLAGE VILLAGES WORTH
Online Access:	http://documents.worldbank.org/curated/en/2008/05/9473047/microfinance-meets-market http://hdl.handle.net/10986/6690