Reduction of global development cost caused by microfinance inefficiencies
AbstractThe purpose of the paper is to quantify the annual financial losses incurred owing to the lack of global coordination in the international microfinance investment sector, leading to inefficiencies. This paper attempts to examine the scale of idle potentials on the basis of available international investment flow statistics and proposes innovative instruments, arched over in the Global Microfinance Financing Authority (GMFA). As several dramatic inefficiencies are taking place, forming of the proposed body would prevent substantial annual losses, at present absorbed by the clients, raising the cost of capital for the poor.
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Bibliographic InfoArticle provided by Inderscience Enterprises Ltd in its journal Int. J. of Electronic Finance.
Volume (Year): 5 (2011)
Issue (Month): 4 ()
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Web page: http://www.inderscience.com/browse/index.php?journalID=171
microfinance; funding; inefficiency; coordination; FX risk; guarantee; credit bureau; e-finance; centralisation; development; annual financial losses; electronic finance; international investment flow; foreign exchange; poverty.;
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