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Market opportunities for microfinance institutions

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  • Roy Mersland Roy Mersland

    (UIA - University of Agder)

Abstract

Taking a business scholar's standpoint I assess the future of the microfinance industry. The basic question I try to answer is why the microfinance market continues to grow while public support for the industry is shrinking. I identify six underlying forces -demographic transition; reduced poverty; urbanisation; economic growth; technological innovations; and shifts in microfinance paradigms -that drive the growth of the microfinance industry. Furthermore, I identify six non-traditional microfinance markets that may represent interesting opportunities in the years to come: insurance, housing, small and medium enterprise lending, savings, micropensions, and microfinance in high-income countries. I conclude the article highlighting that policy makers, regulators and international support organizations may encourage or hamper the future as outlined in this article.

Suggested Citation

  • Roy Mersland Roy Mersland, 2013. "Market opportunities for microfinance institutions," Post-Print hal-05220865, HAL.
    • Handle: RePEc:hal:journl:hal-05220865
    DOI: 10.3362/1755-1986.2013.027
    Note: View the original document on HAL open archive server: https://hal.science/hal-05220865v1
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    References listed on IDEAS

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    1. Mersland, Roy & Strøm, R. Øystein, 2010. "Microfinance Mission Drift?," World Development, Elsevier, vol. 38(1), pages 28-36, January.
    2. D’Espallier, Bert & Guérin, Isabelle & Mersland, Roy, 2011. "Women and Repayment in Microfinance: A Global Analysis," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 39(5), pages 758-772.
    3. D'Espallier, Bert & Guerin, Isabelle & Mersland, Roy, 2013. "Focus on Women in Microfinance Institutions," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 49(5), pages 589-608.
    4. Zoltan Acs, 2008. "How is Entrepreneurship Good for Economic Growth?," Chapters, in: Entrepreneurship, Growth and Public Policy, chapter 21, pages 291-301, Edward Elgar Publishing.
    5. Meghana Ayyagari & Thorsten Beck & Asli Demirguc-Kunt, 2007. "Small and Medium Enterprises Across the Globe," Small Business Economics, Springer, vol. 29(4), pages 415-434, December.
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