Dokulilova, Lenka and Janda, Karel and Zetek, Pavel (2009): Sustainability of microfinance institutions in financial crisis.
Download (127Kb) | Preview
The aim of this paper is to clarify the problems of microfinance and the sustainability of microfinance institutions (MFI) in financial crisis. We find, that MFIs are often considered as one of the most effective and flexible strategies in the fight against global poverty. Due to several often unsolvable problems obstructing easier and faster development of these institutions such as: ethnical problems, managerial resources, legal recourses, unfortunate recourses and other, the operations of MFIs are often not sufficiently efficient. The microfinance sector is in general known for its adaptability and quite healthy survival of past financial crises. However, current global financial crisis is testing the resilience of MFIs hardly. The MFIs are much more connected to international financial markets now that it was the case during previous crises. Therefore we expect that they will not survive the crisis without bearing some loses. But the expected losses are relatively smaller when compared to other financial institutions.
|Item Type:||MPRA Paper|
|Original Title:||Sustainability of microfinance institutions in financial crisis|
|English Title:||Sustainability of microfinance institutions in financial crisis|
|Keywords:||Financial crisis; Microfinance; Microcredit; MFIs|
|Subjects:||G - Financial Economics > G0 - General > G01 - Financial Crises
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
|Depositing User:||Karel Janda|
|Date Deposited:||07. Oct 2009 19:15|
|Last Modified:||12. Feb 2013 13:30|
 Armendáriz de Aghion Beatriz and Morduch Jonathan (2005): The Economics of Microfinance; The Massachusetts Institute of Technology Press, Cambridge, Massachusetts; London, England.
 Banerjee A. V. - Duflo E. (October 2006): Economic lives of the poor; Journal of Economic Perspectives.
 Bauer, M., Chytilová, J. & Morduch J. (2008). Behavioral Foundations of Microcredit: Experimental and Survey, Evidence From Rural India. Prague: Charles University in Prague, Faculty of Social Sciences, Institute of Economic Studies, 2008. 48 s.
 Blomquist John, Verhoeven Marijn, Cordoba Juan Pablo, Bouillon César and Moser Patricia (February 2001): Social Safety Nets in Response to Crisis: Lessons and Guidelines from Asia and Latin America; APEC, the World Bank, the International Monetary Fund (IMF), the Asian Development Bank (ADB) and the Inter-American Development Bank (IDB).
 Everett Scott (October 8, 2008): Microcapital Story: The Global Financial Crisis and Microfinance; MicroCapital.
 Littlefield Elizabeth, Kneiding Christoph (February 2009): The Global Financial Crisis and Its Impact on Microfinance; Washington, D.C.: CGAP
 McGuire Paul B. (July 1998): The Asian Financial Crisis: Some Implications for Microfinance; The Microbanking bulletin, publication of the Microfinance program at the Economics institute, Boulder, Colorado, Issue No. 2, July 1998.
 McGuire Paul B. and Conroy John D. (November 1998): Effects on Microfinance of the 1997-1998 Asian Financial Crisis; The Foundation for Development Cooperation, Brisbane, Australia.
 MkNelly Barbara, Dunford Christopher (1999): Impact of Credit with Education on Mothers and Their Young Children’s Nutrition: CRECER Credit with Education Program in Bolivia; Davis, California: Freedom from Hunger.
 Molyneux, P, Vallelado, E. Frontiers of Banks in a Global Economy. ed. Palgrave Macmillan. 2008.
 Morduch Jonathan (November 21, 2008): Microfinance and the Financial Crisis: Thoughts from the Church; available on: http://poverty-action.org/node/1633
 Reille Xavier, Kneiding Christoph, Martinez Meritxell (May 2009): The Impact of the Financial Crisis on Microfinance Institutions and Their Clients/Results from CGAP’s 2009 Opinion Survey; CGAP.
 Robinson Marguerite S. (2001): The Microfinance Revolution, Sustainable Finance for the Poor, Lessons from Indonesia, The Emerging Industry; The International Bank for Reconstruction and Development/The World Bank, Washington D. C.
 Torre La, M., Vento, G. A. Microfinance. 1st ed. Palgrave Macmillan, 2006.
 Vukson, W. B. Z. Emerging Markets & Special Surveys. ed. G7 Books, 2003.
 Glenn D. Westley, Sherrill Shaffer (September 1999): Credit Union Policies and Performance in Latin America; Journal of Banking and Finance, Volume 23, Issue 9, pages 1303-1329
 Watson Yana (March 1, 2009): From Crisis to Catharsis: How Microfinance Can Make it Through the Global Crisis; available on: www.microfinanceinsights.com
 CGAP Virtual Conference: Microfinance and the Financial Crisis, November 18– 20, 2008.
 Global Economic Prospects, Commodities at the Crossroad (2009); The International Bank for Reconstruction and Development/The World Bank, Washington DC.
 World Bank Updates Poverty Estimates for the Developing World; available on (28.4.2009)http://www.updaid.nl/multilaterale-organisaties/world-bank-updates- povertyestimates-for-the-developing-world/
 The Microbanking Bulletin, Issue No. 12, April 2006; Microfinance Information Exchange, Inc., Washington DC.
 The Microbanking Bulletin, Issue No. 15, March 2005; Microfinance Information Exchange, Inc., Washington DC.
 The Microbanking Bulletin, Issue No. 17, Autumn 2008; Microfinance Information Exchange, Inc., ISSN 1934-3884, Washington DC.
 The Microbanking Bulletin, Issue No. 18, Spring 2009; Microfinance Information Exchange, Inc., Washington D.C.