Microfinance in Africa: Experience and Lessons from Selected African Countries
AbstractBased on the experience of selected countries, this paper offers a critical presentation of the development of the microfinance sector in Africa. The paper supports the view that microfinance institutions, especially those engaged in full financial intermediation, complement effectively the banking sector in extending financial services and successfully draw on the rich experience of community-based development and preexisting informal methods of financial intermediation in Africa. Growing linkages between microfinance institutions and the banking system and the dissemination of good practices by nongovernment organizations contribute to the sound development of the sector, supported by regulation and supervision by local authorities.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 04/174.
Date of creation: 01 Sep 2004
Date of revision:
Contact details of provider:
Postal: International Monetary Fund, Washington, DC USA
Phone: (202) 623-7000
Fax: (202) 623-4661
Web page: http://www.imf.org/external/pubind.htm
More information through EDIRC
This paper has been announced in the following NEP Reports:
- NEP-AFR-2005-10-22 (Africa)
- NEP-ALL-2005-10-22 (All new papers)
- NEP-DEV-2005-10-22 (Development)
- NEP-FMK-2005-10-22 (Financial Markets)
- NEP-MFD-2005-10-22 (Microfinance)
- NEP-SOC-2005-10-22 (Social Norms & Social Capital)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- David Canning & Ajay Mahal & Kunle Odumosu & Prosper OkonkwoZhiwei, 2006. "Assessing the Economic Impact of HIV/AIDS on Nigerian Households: A Propensity Score Matching Approach," PGDA Working Papers 1606, Program on the Global Demography of Aging.
- Sophie Brana & Yves Jégourel, 2011. "Breadth and depth of french microfinance outreach : an evaluation," Working Papers hal-00637689, HAL.
- SODOKIN, Koffi, 2006. "La complémentarité des banques et des microbanques dans une approche de la comptabilité des flux et des stocks," LEG - Document de travail - Economie 2006-09, LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne.
- Honohan, P. & Beck, T.H.L., 2007.
"Making finance work for Africa,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-3125420, Tilburg University.
- Jansen, Marion, 2006. "Services Trade Liberalization at the Regional Level: Does Southern and Eastern Africa Stand to Gain from EPA Negotiations?," CEPR Discussion Papers 5800, C.E.P.R. Discussion Papers.
- Monzurul Hoque & Muhammad Chishty & Rashid Halloway, 2011. "Commercialization and changes in capital structure in microfinance institutions: An innovation or wrong turn?," Managerial Finance, Emerald Group Publishing, vol. 37(5), pages 414-425, May.
- Dalla Pellegrina, Lucia, 2011. "Microfinance and Investment: A Comparison with Bank and Informal Lending," World Development, Elsevier, vol. 39(6), pages 882-897, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow) or (Hassan Zaidi).
If references are entirely missing, you can add them using this form.