Promoting Microfinance Challenges and Innovations in Developing Countries and Countries in Transition

by Manos, Ronny; Gueyie, Jean-pierre; Yaron, Jacob

• ISBN13: 9781137034908
• ISBN10: 1137034904
• Format: Hardcover
• Copyright: 2013-11-26
• Publisher: Palgrave Macmillan

Summary

Innovations in Microfinance is a collection of studies by leading researchers in the field of microfinance. It discusses innovations in microfinance related to public policies and regulations; delivery of microfinance services; and measurement of institutional efficiency and financial sustainability. The book is organised as case studies of microfinance in various developing countries and countries in transition. These case studies analyse various experiences including success and failures stories of microfinance operations; potential and pitfalls of microfinance Apex organizations in conflict-affected environments; and innovations in microfinance risk management related to natural or manmade hazards. The book covers experiences from several countries and regions but the lessons drawn out from these studies are relevant to many other developing countries, countries in transition, and even developed countries that are in the process of building-up and strengthening their microfinance sector.

Author Biography

JEAN-PIERRE GUEYIE is an associate professor in the School of Business Sciences, University of Quebec in Montreal. His research interests are on financial institutions management (including banks, financial cooperatives and microfinance institutions), financial risk management, corporate governance, development economics and alternative investments. He has served as Consultant in microfinance for the International Research and Development Centre (IRDC) and for the World Bank.


RONNY MANOS is a lecturer in Finance in the School of Management at Cranfield University. She holds a PhD in Finance from the University of Birmingham. Her recent articles have been published in the Journal of Economics and Business, Advances in Financial Economics and others. Her main research interests cover emerging financial markets, corporate finance, foreign portfolio investment and microfinance.


JACOB YARON is a faculty consultant at the College of Management in Israel. He served for 23 years as a senior rural finance adviser at the World Bank and provided advice to governments and managements of Development Finance Institutions (DFIs) in developing countries. He introduced subsidy dependence and outreach as the two primary assessment criteria in evaluating DFI performance, and published many articles on the subject of development finance. He serves as a member of the editorial board of Savings and Development issued in Milan, Italy.

Table of Contents

List of Tables and Figures
About the Editors
About the Contributors
Challenges and Innovations in Promoting Microfinance; R.Manos, J-P.Gueyie & J.Yaron
The Microfinance Industry in Peru and in México: Why have they Followed Different Paths?; P.Cotler & G.Aguilar
A Push towards Revitalizing Rural Financial Institutions: Lessons from Mexico's PATMIR Project; J.Paxton
Regulation and Performance of Ghana's Multi-Tiered Rural and Microfinance Industry; W.F.Steel
The Implications of a Growing Microfinance Market in Latin America and the Caribbean; A.Pantelic
Micro-Credit Access and Household Welfare in Rural Cameroon; F.M.Baye
Cost Function Approach to MFI Efficiency: The Role of Subsidy and Social Output Measures; V.Hartarska, D.Nadolnyak & X.Shen
Social and Finance Performance of Microfinance Institutions: A Multi-Stage Data Envelopment Analysis Application; J.Nzongang & E.Nishimikijimana
Designing Apex Organisations in Conflict-Affected Environments: An Analysis of Recent Experiences in Bosnia & Herzegovina and in Afghanistan; S.Charitonenko & D.Lampe
Are Microfinance Institutions and their Customers Reactive to Disaster Risk? Main Topics and four Case Studies; L.Viganò, D.Castellani & S.Chiodi