Resource title

Frontiers of Rural and Microfinance

Resource image

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Resource description

Microfinance is that part of the financial sector which comprises formal and informal financial institutions, small and large, that provide small-size financial services to the lower segments of the population. Size of financial services is relative and varies widely by the economic development of a country or area; rigid definitions of size can lead to exclusion and unintended consequences. Microfinance covers a wide array of microfinance institutions (MFIs), ranging from indigenous rotating savings and credit associations (RoSCAs) and financial cooperatives to rural or community banks, non-bank financial institutions (NBFIs) including credit NGOs, development banks as well as commercial banks; they may also comprise moneylenders and private deposit collectors. In contrast to microcredit, microfinance proper refers to a system of financial intermediation between microsavers and microborrowers; it may further include micro-insurance and other financial services such as money transfer. Given the recent popularity of the concept of microfinance, many players have redefined the concept for their own purposes, bringing it close to the point of meaninglessness.

Resource author

Hans Dieter Seibel

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/23657

Resource license

Adapt according to the presented license agreement and reference the original author.