May 1, 2024
4 minute read
Microfinance is a sector of financial services that provides financial services to low-income populations who are often excluded from traditional banking systems. Microfinance institutions (MFIs) offer a range of services, including microloans, savings accounts, and insurance, to help their clients meet their financial needs and improve their livelihoods.
What is Microfinance?
Microfinance is a type of banking that provides small loans, savings, and other financial services to the poor and low-income people. Microfinance institutions (MFIs) are typically non-profit organizations that are dedicated to helping the poor improve their livelihoods. Microfinance loans are typically small, short-term loans that are used to finance small businesses or other income-generating activities.
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Find a path to becoming a Microfinance. Learn more at:
OpenCourser.com/topic/yjlstn/microfinanc
Reading list
We've selected four books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Microfinance.
By Muhammad Yunus, the Nobel Peace Prize winner and founder of the Grameen Bank, provides a first-hand account of the history and evolution of microfinance. Yunus argues that microfinance is not just about providing financial services to the poor, but also about empowering them to lift themselves out of poverty.
Provides a rigorous analysis of the impact of microfinance on poverty reduction. Schreiner reviews the evidence from a variety of studies and concludes that microfinance can be an effective tool for reducing poverty, but that it is not a panacea.
Examines the role of microfinance in financial inclusion and poverty reduction, with a focus on the challenges and opportunities facing microfinance institutions in this context.
Examines the role of microfinance in the informal economy, with a focus on the challenges and opportunities facing microfinance institutions in this context.
For more information about how these books relate to this course, visit:
OpenCourser.com/topic/yjlstn/microfinanc
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