Microfinance is an important tool to improve livelihoods at the base of the pyramid. Access to finance has proven to reduce poverty and enable the poor build assets, increase incomes, and reduce their...
The Law of the Kyrgyz Republic “On Microfinance Organizations in the Kyrgyz Republic” dated July 23, 2002, No. 124 (Law) explicitly states that microfinance organizations must have social goals. Microfinance...
The development objective of Building Beirut Businesses Back and Better (B5) Fund Project for Lebanon is to support the recovery of targeted micro and small enterprises (MSEs) and sustain the operations...
This study of Kenya RuraI Enterprise Program (KREP)provides many insights into the process of developing and refining the microfinance operations of a development organization from a non-governmental organization...
Access to credit by micro, small and medium enterprises (MSMEs) remains challenging inMaldives. Data on access to finance for MSMEs is missing and the Maldives Monetary Authority(MMA) does not collect...
The development objective of Empowering Microfinance and Enterprises for Resilience and Growth Project for Afghanistan is to support the demand for and supply of finance for micro and small enterprises...
In June 2020, fund managers at SEB, one of the largest banks in Sweden – were just ending an intense discussion on the impact funds they were managing. The discussion had been spurred by the previous day’s...
Ratings for the Emergency Electricity Access Project for Yemen were as follows: outcome and Bank performance was satisfactory, and monitoring and evaluation (M and E) quality was substantial. Some lessons...
In 2021, a series of Consultative Group to Assist the Poor (CGAP) publications featured success stories from microfinance institutions (MFIs) implementing digital products and channels, along with the...
This paper reviews evidence on agent networks of microfinance institutions and other financial services providers, which have expanded rapidly in recent years in some low- and middle-income contexts. There...
Regardless of good intentions and good people, the track record of development is mixed. There has been progress, for sure, but the number of people living in extreme poverty remains unacceptably high...
Microfinance institutions (MFIs) in particular have a goal to provide accessible microfinance services to the population to contribute to poverty reduction, improved employment rate, development of entrepreneurship...
Micro and small enterprises (MSEs) are a vital part of the livelihoods and resilience strategies of poor households across emerging markets. There is evidence that lack of access to finance is one of the...
The Coronavirus (COVID-19) pandemic is the latest in a series of crises that microfinance institutions (MFIs) all over the world have faced in recent decades, from the 2007 global financial crisis to the...
As microfinance institutions have grown and professionalized over recent decades, their need for improved governance practices has increased. IFC works with microfinance institutions (MFIs) in countries...
On April 10, 2007, the World Bank Board of Executive Directors today approved an International Development Association (IDA) additional credit of US5 million dollars to support the Microfinance Project...
In 1997, just as this study was being completed, Albania began spiraling into a dramatic political and economic crisis triggered by the collapse of fraudulent pyramid schemes. Banks and public buildings...
The Cajas Municipales de Ahorro y Credito (CMAC) system of Peru stands out as one of the leaders in microfinance in Latin America in terms of scale, outreach, and availability of both lending and savings...
The Association for the Development of Enterprises (ADEMI) is the brainchild of a Dominican businessman, Camilo Lluberes. Conceived in late 1982 as a way of addressing the plight of urban poor by "democratising"...
The microfinance field involves the design, implementation, and performance of policies, programs, and services to strengthen the financial sector and build sustainable financial institutions that effectively...