The Microfinance Revolution: An Overview
نویسندگان
چکیده
The Nobel Prize committee awarded the 2006 Nobel Peace Prize to Muhammad Yunus and the Grameen Bank “for their efforts to create economic and social development from below.” The microfinance revolution has come a long way since Yunus first provided financing to the poor in Bangladesh. The committee has recognized microfinance as “an important liberating force” and an “ever more important instrument in the struggle against poverty.” Although several authors have provided comprehensive surveys of microfinance, our aim is somewhat more modest: This article is intended as a non-technical overview on the growth and development of microcredit and microfinance. (JEL I3, J41, N80)
منابع مشابه
An Overview of the Impacts of the Elements of the Islamic Revolution of Iran's Soft Power on Islamic Awakening in Bahrain
The victory of Islamic revolution in Iran has exerted enormous impacts in the world of Islam especially in regional countries. These impacts are rooted in Islamic revolution of Iran's elements of soft power and resulting values. Meanwhile, Bahrain due to its 75 per cent Shiite residents has made the greatest proximity with Islamic republic of Iran's soft power elements. In fact this article tri...
متن کاملFinancing Microenterprises: Creating a Potential Value-Based Hybrid Model for Islamic Microfinance
The main purpose of this paper is to examine the relevance of Islamic microfinance in the light of ongoing erosion of confidence in the viability of current financial system, full of speculatory finance in the prevailing global financial market. For example, the sub-prime crisis of 2007-2008 in the US with its effects all over the world was mainly due to the inadequate market discipline which i...
متن کاملEmpowerment of Women in Rural Ethiopia: A Review of Two Microfinance Models
Microfinance institutions have long recognized that providing women with access to loans empowers them in a number of ways. However, different microfinance service delivery models have been tested in various socioeconomic and cultural circumstances with varying results. This article highlights two major models: Group Guarantee Lending and Community Managed Loan Funds. It gives an overview of th...
متن کاملBahrain's Revolution, Islamic Awakening and Reasons of Its Failure
The main objective of this article is to study and analyze the process of revolution in Bahrain. With an overview, condition inside Bahrain following the revolution on Feb 14th 2011 and evidence of reasons for its failure have been studied. This question is raised that why the revolution in Bahrain has not toppled the ruling system yet. In response, studying different aspects of Islamic awakeni...
متن کاملEgypt and Democracy Prospects against Facts after Mubarak
The principal objective of this paper is to describe and analyze the process of democratization in the Egypt after Mubarak regime. The article continues to give an overview over the current situation inside Egypt after the revolution and collects some evidence for a changed relationship between democracy and stability inside the country. The Egyptian revolution created a situation of transition...
متن کامل