Advanced Search
MyIDEAS: Login to save this paper or follow this series

Enhancing the Resilience of Microfinance Institutions and Programs: Lessons Learned from the Asian Financial Crisis

Contents:

Author Info

  • Seibel, Hans Dieter
Registered author(s):

    Abstract

    The evidence from selected Asian countries shows that: ? Microfinance on the whole has weathered the crisis well. The strongest of the microfinance systems in the region, the BRI unit system in Indonesia, has emerged from the crisis even stronger than before, characterized by a surge in savings deposits and continued excellent repayment performance. ? Demand for microcredit has not increased; there are some cases, as in the BRI units, where it has declined; in other cases, as among some Grameen replicators in the Philippines, neither the demand for, nor the supply of, microcredit seem to be affected. The resilience of microfinance in crisis situations, just as in normal times, appears to be most strongly influenced by three major factors: ? the institutional autonomy and self-reliance of MFIs in terms of internal resource mobilization and operational terms and conditions ? negatively by financial repression, comprising interest rate regulation, a lack of legal forms for MFIs, and a preponderance of subsidized targeted program credit which in one form or the other has persisted in every country ? positively by the deregulation of interest rates, institutional liberalization and the provision of appropriate legal forms for MFIs, accompanied by prudential regulation and effective supervision (the lack of which was a major factor in the downfall of the banking sector in the affected Asian countries). --

    Download Info

    If 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.
    File URL: http://econstor.eu/bitstream/10419/23670/1/1998-4_Resilience_of_MFIs.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by University of Cologne, Development Research Center in its series Working Papers with number 1998,4.

    as in new window
    Length:
    Date of creation: 1998
    Date of revision:
    Handle: RePEc:zbw:uocaef:19984

    Contact details of provider:
    Postal: Albertus Magnus Platz, 50923 Köln
    Phone: 0221 / 470 5607
    Fax: 0221 / 470 5179
    Email:
    Web page: http://www.uni-koeln.de/ew-fak/aef/
    More information through EDIRC

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:zbw:uocaef:19984. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.