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Microfinance in the Asia Pacific

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  • Kieran Donaghue

Abstract

The use of financial services as a development tool has taken a variety of forms over the past 25 years—rural credit schemes offering heavily subsidised loans to poor farmers, microfinance organisations providing working capital loans to predominately female micro‐entrepreneurs, and a variety of organisations offering a range of financial services (credit, savings and insurance) to help poor households increase incomes and reduce their vulnerability to income fluctuations. Microfinance providers in Asia and Latin America have been world leaders, and the demonstration effect of their successes has helped to build substantial microfinance industries in countries such as Indonesia, Bangladesh and Bolivia. Africa has fewer well‐known programs but some notable performers and growing microfinance sectors nonetheless; while regions such as the South Pacific have few if any microfinance successes. This paper highlights some key themes in the development of microfinance, with particular reference to the Asia Pacific region.

Suggested Citation

  • Kieran Donaghue, 2004. "Microfinance in the Asia Pacific," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 18(1), pages 41-61, May.
  • Handle: RePEc:bla:apacel:v:18:y:2004:i:1:p:41-61
    DOI: 10.1111/j.1467-8411.2004.00137.x
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    References listed on IDEAS

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    Cited by:

    1. Prasansha Kumari, 2022. "Elements of microfinance on spatial poverty alleviation in Sri Lanka: Structural equation modeling," Poverty & Public Policy, John Wiley & Sons, vol. 14(2), pages 137-165, June.
    2. Zahid Iqbal & Rai Imtiaz Hussain & Muhammad Ali & Hamna Sohail & Hafiz Fawad Ali, 2020. "A qualitative approach to determine the problems and challenges faced by microfinance institution with reference to poverty alleviation: A case of district Bahawal Nagar, Punjab, Pakistan," International Journal of Economics and Financial Issues, Econjournals, vol. 10(4), pages 192-197.
    3. Ashfaq Ahmad Khan & Wiqar Ahmad, 2013. "Matching resources with demand: a flawed strategy?," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 20(1), pages 63-89, June.

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