The transformation process in microfinance institutions

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41610%2F08%3A27178" target="_blank" >RIV/60460709:41610/08:27178 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The transformation process in microfinance institutions
Original language description
During the past 30 years, microfinance has been proven to be a powerful poverty alleviation tool. It is one of the only development tools with the potential to be financially self-sustaining. However, even after more than 30 years of industry effort, 80percent of the working poor (more than 400 million families) are still without access to microfinance services. At current growth rates, the gap will not be closed for decades. For microfinance to achieve its potential as a global poverty alleviation tool, the microfinance industry must grow to scale (UNITUS, 2007). The article analyzes differences between informal microfinance institutions (MFIs) and formal types. In current 6-8 years proceeds the relatively intensive transformation process aiming to accelerate the transition from informal to formal microfinance structure. There will be still many people lacking access to financial sources if there is not the overall economy increase in given state. Although the transformations process
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Publication year
2008
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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