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Challenges and Innovations in Promoting Microfinance

In: Promoting Microfinance

Author

Listed:
  • Ronny Manos
  • Jean-Pierre Gueyié
  • Jacob Yaron

Abstract

The competitive advantage and the distinctive feature of microfinance relative to conventional lending and saving institutions lie in its core mission of providing access to financial services to those considered unbankable by the formal financial services industry. This is based on the idea of inclusion and on the belief that increasing access to financial services should encourage entrepreneurial activity, generate growth and contribute to the alleviation of poverty (Khavul et al., 2013). It is also generally accepted that providing the unbankable with access to financial services should contribute to the empowerment of weaker populations and help them to build individual and social capital (Howson, 2012; Bateman, 2010).

Suggested Citation

  • Ronny Manos & Jean-Pierre Gueyié & Jacob Yaron, 2013. "Challenges and Innovations in Promoting Microfinance," Palgrave Macmillan Books, in: Ronny Manos & Jean-Pierre Gueyié & Jacob Yaron (ed.), Promoting Microfinance, chapter 1, pages 3-16, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-03491-5_1
    DOI: 10.1057/9781137034915_1
    as

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