The contribution of microfinance in the development of global economy is undoubtedly admissible. The research has been carried out to explore the impact of microfinance on the livelihood of the clients. The study emphasized to detect clear-cut impact of microfinance on poverty eradication, livelihood security, and on the role of Information and Communications Technology (ICT) system on microfin...

Microfinance in China has entered the phase of rapid development and it has become one of the most important businesses in commercial banks. According to the principals of low carbon economy and the characteristics of farmer microfinance of Chinese commercial bank, this paper designed the performance evaluation system and evaluated the performance of small and micro businesses microfinance. In ...

Microfinance supports mainly informal activities that often have a low return and low market demand. It may therefore be hypothesized that the aggregate poverty impact of microfinance is modest or even nonexistent. If true, the poverty impact of microfinance observed at the participant level represents either income redistribution or short-run income generation from the microfinance interventio...

The microfinance industry provides financial services to the world’s poor in hopes of moving individuals and families out of poverty. In 2013 there were 4.7 million active microfinance borrowers in Africa. This represents a smaller percentage of the population compared to other regions of the world, indicating the potential for rapid growth of microfinance in Africa. However, microfinance is ma...

The following selection presents some of the key publications focusing on the microfinance sector in Latin America. Addressing a variety of issues related to microfinance in the region, and highlighting examples from a diverse group of Latin American countries, the publications can be grouped into the following categories: Assessing Risk; Regulations and Regulatory Frameworks; Impact Evaluation...

Founded on the assumption that poor people are “natural entrepreneurs” (Bornstein 2005), microfinance has signaled a paradigm shift in development ideology. Using my experiences with microfinance in a fishing village in Senegal, this study will address the claims driving the microfinance movement, debate its pros and cons and pose further questions about its validity and widespread implementati...

The core principles of Islam lay great emphasis on social justice, inclusion, and sharing of resources between the haves and the have nots. Islamic finance addresses the issue of “financial inclusion” or “access to finance” from two directions — one through promoting risk-sharing contracts that provide a viable alternative to conventional debt-based financing, and the other through specific ins...