Finance against poverty. Volume 1

Abstract

Two books attempt to assess the achievements of microenterprise finance institutions from a comparative point of view. This first volume offers an in-depth analysis of the theory as well as policy recommendations for practitioners in the field. The authors consider why development finance institutions exist; why credit markets fail the poor; financial performance and sustainability, the role of innovative credit institutions in the market place; the impact on production and technology; impacts on poverty, vulnerability and deprivation; the politics of financial intermediation for the poor; the management of financial institutions for the poor; and growth versus equity.