microfinance

Examples of microfinance in the following topics:

• Microfinancing

  • The Grameen Bank is an example of a microfinance institution.
  • There are two main mechanisms for delivering microfinance services.
  • Microfinance is a broad category of services that includes microcredit.
  • An important source of detailed data on microfinance institutions is the MicroBanking Bulletin, which is published by the Microfinance Information Exchange.
  • Most criticisms of microfinance are actually just criticisms of microcredit.

• Employment in Finance

  • Growth in microfinance and microcredit has also opened up employment opportunities in finance both in the US and abroad .
  • Muhammad Yunus is a banker who grew a field in microcredit and microfinance, opening up new types of financial employment.

• Current Issues in Finance

  • Microfinance is the provision of a wide range of financial services, including savings accounts, to the poor.
  • Microcredit is a part of microfinance and involves the extension of very small loans (microloans) to impoverished borrowers, often with the goal of supporting entrepreneurship and/or alleviating poverty.

• Introduction

  • For more information about this case, and others like it, visit the Aga Khan Agency for Microfinance website http://www.akdn.org.

• Summary and references