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An Overview of Microfinance

In: Microfinance in Asia

Author

Listed:
  • Christopher Gan
  • Gilbert V. Nartea
  • Judy Li Xia

Abstract

Microfinance has been recognised and considered as the common mechanism to provide credit for the poor and low-income people, especially people in rural areas. Since its initiation in Bangladesh in the seventies, it has been gradually embedded in national strategies of many developing countries as well as universal goal to combat with hunger and poverty in the new millennium. The chapter provides an overview of microfinance and microcredit. The chapter discusses who are the microfinance providers, who do they serve and how do they help the poor. The chapter also provides a summary of empirical evidence on the impact of microfinance.

Suggested Citation

  • Christopher Gan & Gilbert V. Nartea & Judy Li Xia, 2017. "An Overview of Microfinance," World Scientific Book Chapters, in: Microfinance in Asia, chapter 1, pages 1-22, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813147959_0001
    as

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    Cited by:

    1. Andoni, Merlinda & Robu, Valentin & Flynn, David & Abram, Simone & Geach, Dale & Jenkins, David & McCallum, Peter & Peacock, Andrew, 2019. "Blockchain technology in the energy sector: A systematic review of challenges and opportunities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 100(C), pages 143-174.

    More about this item

    Keywords

    Microfinance; Poverty Alleviation; Rural Credit; Asia; Grameen Bank;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General

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