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The microfinance revolution: an overview Author info | Abstract | Publisher info | Download info | Related research | Statistics Rajdeep Sengupta
Craig P. Aubuchon
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The Nobel Prize committee awarded the 2006 Nobel Peace Prize to Muhammad Yunus and the Grameen Bank "for their efforts to create economic and social development from below." The microfinance revolution has come a long way since Yunus first provided financing to the poor in Bangladesh. The committee has recognized microfinance as "an important liberating force" and an "ever more important instrument in the struggle against poverty." Although several authors have provided comprehensive surveys of microfinance, our aim is somewhat more modest: This article is intended as a non-technical overview on the growth and development of microcredit and microfinance.
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Article provided by Federal Reserve Bank of St. Louis in its journal Review .
Volume (Year): (2008)
Issue (Month): Jan ()
Pages: 9-30
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Keywords: Bank loans ; Credit ; Poverty ; References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
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Other versions:
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[Downloadable!] (restricted)
Beatriz Armendáriz de Aghion & Jonathan Morduch, 2000.
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[Downloadable!] (restricted)
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[Downloadable!] (restricted)
Mark M. Pitt & Shahidur R. Khandker, 1998.
"The Impact of Group-Based Credit Programs on Poor Households in Bangladesh: Does the Gender of Participants Matter? ,"
Journal of Political Economy ,
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[Downloadable!] (restricted)
Jonathan Morduch, 1999.
"The Microfinance Promise ,"
Journal of Economic Literature ,
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[Downloadable!] (restricted)
Bhaduri, Amit, 1977.
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Foster, James & Greer, Joel & Thorbecke, Erik, 1984.
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Econometrica ,
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[Downloadable!] (restricted)
Shahidur R. Khandker, 2005.
"Microfinance and Poverty: Evidence Using Panel Data from Bangladesh ,"
World Bank Economic Review ,
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