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Innovations in Microfinance in Southeast Asia

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Author Info
Llanto, Gilberto M.
Fukui, Ryu
Abstract

This paper describes some emerging innovations in microfinance observed in Southeast Asian microfinance markets that make it possible for microfinance institutions (MFIs) to reach a greater number of poor households on a sustainable basis. It discusses the nature, importance and types of innovations. Innovations help reduce the MFI's transaction costs and risks. They also make it possible for poor households to satisfy their investment and consumption smoothing requirements.

The paper draws some lessons from the experience with innovations and makes a case for government's important role in ensuring the proper functioning of markets. It points out government's pivotal role in system innovation because of the likelihood of its under-or-slow production by the private sector. MFIs have a clear advantage in process and product innovation to meet the requirements of poor clients. Thus, they should be given room in doing this.

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File URL: http://dirp3.pids.gov.ph/ris/dps/pidsdps0311.pdf
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Publisher Info
Paper provided by Philippine Institute for Development Studies in its series Discussion Papers with number DP 2003-11.

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Length: 18
Date of creation: 2003
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Handle: RePEc:phd:dpaper:dp_2003-11

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Related research
Keywords: microfinance; investment; innovation; policy and regulatory environment; consumption smoothing;

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.:

  1. Zeller, Manfred & Sharma, Manohar, 1998. "Rural finance and poverty alleviation," Food policy reports 8, International Food Policy Research Institute (IFPRI). [Downloadable!]
  2. Besley, Timothy, 1994. "How Do Market Failures Justify Interventions in Rural Credit Markets?," World Bank Research Observer, Oxford University Press, vol. 9(1), pages 27-47, January.
    Other versions:
  3. Yaron, Jacob, 1994. "What Makes Rural Finance Institutions Successful?," World Bank Research Observer, Oxford University Press, vol. 9(1), pages 49-70, January.
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This page was last updated on 2009-12-18.

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