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A comparative review of major types of rural microfinance institutions in developing countries

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  • Manfred Zeller

Abstract

This paper describes different types of rural microfinance institutions, and examines their comparative advantages as well as related challenges to and strategies for deepening rural financial systems. The focus is not about which type of institution is better or worse for a particular target clientele in a particular operating environment. Instead, one of the major recommendations of this study is that there is no blueprint for rural microfinance. Institutional diversity is desired to enhance competition, depth and breadth of outreach, and welfare impact.

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Bibliographic Info

Article provided by Emerald Group Publishing in its journal Agricultural Finance Review.

Volume (Year): 66 (2006)
Issue (Month): 2 (September)
Pages: 195-213

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Handle: RePEc:eme:afrpps:v:66:y:2006:i:2:p:195-213

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Related research

Keywords: Agricultural development; Financial sustainability; Microfinance institutions; Outreach; Rural development; Rural finance; Savings and credit cooperatives; Solidarity group lending; Village banks;

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Cited by:
  1. Turvey, Calum G. & Kong, Rong, 2010. "Informal lending amongst friends and relatives: Can microcredit compete in rural China?," China Economic Review, Elsevier, vol. 21(4), pages 544-556, December.
  2. Turvey, Calum G. & Kong, Rong, 2008. "Vulnerability, Trust and Microcredit: The Case of China?s Rural Poor," Working Paper Series RP2008/52, World Institute for Development Economic Research (UNU-WIDER).

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