Title: Maximizing the outreach of microenterprise finance : the emerging lessons of successful programs
Abstract: The conventional view has held that microenterprise finance helps poor people and therefore is a desirable development activity but that it cannot be financial viable. Small loans, it is said, are simply too costly to administer, and the profits from such lending too meager to permit profitability. However, a study examining some of the best microfinance institutions concludes that this conventional wisdom is quite wrong. Microfinance institutions can and indeed need to be self-sustaining if they are to achieve their outreach potential providing rapid growth in access to financial services by poor people. This study looks at recent developments in microenterprises finance from two perspectives, outreach and financial sustainability. The performance of 11 microenterprises finance programs was examined in the study.
Publication Year: 1995
Publication Date: 1995-10-01
Language: en
Type: article
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Cited By Count: 85
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