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Mikrofinanční Revoluce: Aktuální Kontroverze A Výzvy
[Microfinance Revolution: Recent Controversies And Challenges]

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  • Janda, Karel
  • Zetek, Pavel

Abstract

This paper provides a brief but comprehensive overview of microfinance academic literature with emphasis on recent innovations, trends and efficiency. In particular, we focus on controversial issues of microfinance, such as commercialization, regulation, interest rate policy and the balance between outreach and performance of MFIs. In summary, the findings of the reviewed literature underline the great improvement in the microfinance field that, however, has not reached its full potential yet. At the same time, we outline potential risks and drawbacks which are being discovered along the way of microfinance development and maturing, many of which still waiting for more rigorous scholarly examination.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 54098.

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Date of creation: 04 Mar 2014
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Handle: RePEc:pra:mprapa:54098

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Keywords: Microfinance; microcredit; efficiency; mission drift;

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