Microfinance: Creating Opportunities for the Poor?

Khavul, Susanna
August 2010
Academy of Management Perspectives;Aug2010, Vol. 24 Issue 3, p58
Academic Journal
Microfinance is an emerging phenomenon that opens access to capital for individuals previously shut out from financial services. In its direct engagement with the poor, microfinance represents a new way for financial capital to potentially stimulate economic growth in developing countries. However, microfinance is poorly understood, and it remains unclear whether it delivers on its promises. The goal of this paper is to introduce the topic of microfinancing to a wider audience of management researchers and to identify opportunities for future research in this new and growing area.


Related Articles

  • Small change, big difference. Bullock, Hannah // Green Futures;Oct2007, Issue 66, p6 

    The article focuses on the $1 million raised in a Morgan Stanley bond which will be used for microfinancing. It reports that 12 developing countries will benefit from the money raised in May of the given year through a loan in microfinance institutions. Independent assessors rated the Morgan...

  • Microlending Thinks BIGGER. Walt, Vivienne // Time International (Asia Edition);2/20/2012, Vol. 179 Issue 7, p33 

    The article discusses the concept of microlending in the financial services industry. It raises a question whether microcredit is meeting its goal of ending poverty by providing small loans to start microbusinesses. It highlights the emergence of private-sector investors which has a drastic...

  • Microfinance and Inequality. Kai, Hisako; Hamori, Shigeyuki // Research in Applied Economics;2009, Vol. 1 Issue 1, p1 

    The paper examines the relationship between microfinance and inequality by providing a cross-country empirical study of 61 developing countries. We show that microfinance plays an important role in creating a financial system endowed with the equalizing effect. Thus far, only a few...

  • The Wisdom of Crowdfunding. ZHANG, JUANJUAN // Communities & Banking;Winter2013, Vol. 24 Issue 1, p30 

    The author discusses the important role played by microloans also known as microfinancing, peer-to-per lending and crowdfunding in helping disadvantaged people to obtain loans. He chronicles the history of the concept, which traced back to the fourth century in China until it was practiced in...

  • An Empirical Investigation on Viability of MFIs in Economic Development. Chaudhury, Suman Kalyan; Pradhan, Sunil Kumar; Acharya, Pradeep Kumar // International Journal of Exclusive Management Research;Apr2014, Vol. 4 Issue 4, p1 

    Micro finance is seen as a key development tool, and despite the current deepening crisis within the industry, it continues to grow in the developing India. Micro finance as a tool provides economic interventions which helps to improve an access to financial technologies. The system prevailed in...

  • LENDING ADVANTAGE. Pofeldt, Elaine // Crain's New York Business;7/14/2008, Vol. 24 Issue 28, p15 

    The article presents information on the growing popularity of microlenders. Dozen microlenders are changing the face of lending for the smallest businesses in New York City. With a strategy of making tiny loans at higher rates, along with giving plenty of counseling, they are helping thousands...

  • Micro loans, macro effects. Soule, Alexander // Westchester County Business Journal;5/19/2008, Vol. 47 Issue 20, p32 

    The article reports on the rise of micro lending in New York. It states that micro lending which is considered as risky, but are also regarded as a promising alternative for individuals who want to start a small business, was very much in the headline for the year 2008, following the opening of...

  • Too Good to Be True. DICHTER, THOMAS W. // Harvard International Review;Spring2010, Vol. 32 Issue 1, p18 

    In this article, the author ponders on the impact of microfinance on addressing poverty issues. He points out that there is viability in applying microfinance as a business concept. He cites that there are microfinance institutions (MFIs) in Mexico and India that have done initial public filing....

  • THE Poverty App. Wolman, David // Mother Jones;May/Jun2010, Vol. 35 Issue 3, p36 

    The article reports on efforts to give the poor in developing countries access to basic financial services using their cellular telephones. A number of issues are considered including the convenience of cell phone banking, the impact that the practice has on microfinance, and the role played by...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics