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Format: 1 Online-Ressource (XI, 199 Seiten) , 38 Illustrationen

ISBN: 9783642417047

Note: Open Access

Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-642-41703-0

Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-642-41705-4

Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-662-51459-7

Language: English

Subjects: Economics

Keywords: Mikrofinanzierung ; Nachhaltigkeit ; Aufsatzsammlung ; Electronic books.

DOI: 10.1007/978-3-642-41704-7

URL: Volltext  (kostenfrei)

URL: FULL  ((Currently Only Available on Campus))

URL: lizenzpflichtig

UID:

Format: 1 online resource (xi, 199 pages) : , illustrations; digital, PDF file(s).

Edition: 1st ed. 2013.

ISBN: 3-642-41704-3

Content: This book focuses on the achievements, current trends and further potential of microfinance to scale-up and serve many more clients with financial services that enable them to improve their living conditions. The book asks what it takes to achieve sustainable impact: to know your clients and to understand their needs, to treat them in a fair and transparent way, and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds light on the future funding landscape and what is necessary to bring more commercial funders on board while ensuring that these new funders will continue the commitment to responsible finance.While being forward looking, the book reflects the debate on core values of microfinance, triggered by recent criticisms of an approach that was hailed as a panacea in the beginning and which had proved over time as one of the most effective models of development finance. These criticisms emerged over signs of overheating in some markets, particularly the 2010 events in Andhra Pradesh, and turned into an assumption of a worldwide microfinance crisis, putting seriously at stake the good reputation microfinance had enjoyed so far. Half of the world, and 80 percent of the poor, are excluded from formal financial services. This means that they have to rely on the age-old, informal alternatives that can be unreliable and expensive. Microfinance 3.0 is a highly welcome contribution to the frontiers of financial inclusion – a world in which poor households in the informal economy can access and use the broad range of financial services they need to create livelihoods, smooth consumption, and better manage risks.      Tilman Ehrbeck, CEO CGAP (Consultative Group For The Poor)  .

Note: Bibliographic Level Mode of Issuance: Monograph , Microfinance in India: Lessons from the Andhra Crisis -- Armageddon or Adolescence? Making Sense of Microfinance's Recent Travails -- Core Values of Microfinance Under Scrutiny: Back to Basics? -- Microcredit Interest Rates and Their Determinants: 2004 - 2011 -- Financial Services That Clients Need: The 3.0 Business Models, Reconciling Outreach with Sustainability -- "Microfinance 3.0" - Perspectives for Sustainable Financial Service Delivery -- Microfinance Beyond the Standard? Evaluating Adequacy and Performance of Agricultural Microcredit -- The Role of DFIs in the Emerging 3.0 Responsible Funding Landscape - Responsible Corporate Governance and Beyond -- The Microfinance Approach: Does It Deliver on Its Promise?. , Also available in print form. , English

Additional Edition: Print version: ISBN 9783642417030

Language: English

DOI: 10.1007/978-3-642-41704-7

UID:

Format: XI, 199 S. , graph. Darst.

ISBN: 9783642417047 , 9783642417030

Series Statement: Springer Open

Content: This book focuses on the achievements, current trends and further potential of microfinance to scale-up and serve many more clients with financial services that enable them to improve their living conditions. The book asks what it takes to achieve sustainable impact: to know your clients and to understand their needs, to treat them in a fair and transparent way, and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds light on the future funding landscape and what is necessary to bring more commercial funders on board while ensuring that these new funders will continue the commitment to responsible finance.While being forward looking, the book reflects the debate on core values of microfinance, triggered by recent criticisms of an approach that was hailed as a panacea in the beginning and which had proved over time as one of the most effective models of development finance. These criticisms emerged over signs of overheating in some markets, particularly the 2010 events in Andhra Pradesh, and turned into an assumption of a worldwide microfinance crisis, putting seriously at stake the good reputation microfinance had enjoyed so far. Half of the world, and 80 percent of the poor, are excluded from formal financial services. This means that they have to rely on the age-old, informal alternatives that can be unreliable and expensive. Microfinance 3.0 is a highly welcome contribution to the frontiers of financial inclusion - a world in which poor households in the informal economy can access and use the broad range of financial services they need to create livelihoods, smooth consumption, and better manage risks.      Tilman Ehrbeck, CEO CGAP (Consultative Group For The Poor)  

Additional Edition: Erscheint auch als Online-Ausgabe 10.1007/978-3-642-41704-7

Language: English

Subjects: Economics

Keywords: Mikrofinanzierung ; Nachhaltigkeit ; Aufsatzsammlung

URL: Volltext  (kostenfrei)

URL: Inhaltsverzeichnis

URL: Abstract

URL: Inhaltsverzeichnis

UID:

Format: XI, 199 p. 38 illus. , online resource.

ISBN: 9783642417047

Content: This book focuses on the achievements, current trends and further potential of microfinance to scale-up and serve many more clients with financial services that enable them to improve their living conditions. The book asks what it takes to achieve sustainable impact: to know your clients and to understand their needs, to treat them in a fair and transparent way, and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds light on the future funding landscape and what is necessary to bring more commercial funders on board while ensuring that these new funders will continue the commitment to responsible finance.While being forward looking, the book reflects the debate on core values of microfinance, triggered by recent criticisms of an approach that was hailed as a panacea in the beginning and which had proved over time as one of the most effective models of development finance. These criticisms emerged over signs of overheating in some markets, particularly the 2010 events in Andhra Pradesh, and turned into an assumption of a worldwide microfinance crisis, putting seriously at stake the good reputation microfinance had enjoyed so far. Half of the world, and 80 percent of the poor, are excluded from formal financial services. This means that they have to rely on the age-old, informal alternatives that can be unreliable and expensive. Microfinance 3.0 is a highly welcome contribution to the frontiers of financial inclusion – a world in which poor households in the informal economy can access and use the broad range of financial services they need to create livelihoods, smooth consumption, and better manage risks.      Tilman Ehrbeck, CEO CGAP (Consultative Group For The Poor)  .

Note: Microfinance in India: Lessons from the Andhra Crisis -- Armageddon or Adolescence? Making Sense of Microfinance's Recent Travails -- Core Values of Microfinance Under Scrutiny: Back to Basics? -- Microcredit Interest Rates and Their Determinants: 2004 - 2011 -- Financial Services That Clients Need: The 3.0 Business Models, Reconciling Outreach with Sustainability -- "Microfinance 3.0" - Perspectives for Sustainable Financial Service Delivery -- Microfinance Beyond the Standard? Evaluating Adequacy and Performance of Agricultural Microcredit -- The Role of DFIs in the Emerging 3.0 Responsible Funding Landscape - Responsible Corporate Governance and Beyond -- The Microfinance Approach: Does It Deliver on Its Promise?.

In: Springer eBooks

Additional Edition: Printed edition: ISBN 9783642417030

Language: English

DOI: 10.1007/978-3-642-41704-7

URL: http://dx.doi.org/10.1007/978-3-642-41704-7

UID:

Format: 1 online resource (207 pages)

ISBN: 9783642417047

Note: Intro -- Preface -- Table of Contents -- Abbreviations -- Microfinance in India: Lessons from the Andhra Crisis* -- 1 The Two-Model Microfinance Industry in India -- 1.1 Self Help Group - Bank Linkage Model - Achievements and Shortcomings -- 1.2 Emergence of MFIs After Banking Sector Reforms Were Launched -- 1.3 International Development Policy Thrust on Sustainability -- 2 Achievements and Shortcomings of MFIs in India -- 2.1 Achievements of MFIs -- 2.2 Shortcomings of MFIs -- 3 The Politics Behind the Microfinance Crisis in Andhra Pradesh -- 4 Emerging Scenario - Responsible Finance -- 4.1 RBI Upgraded the Regulatory Framework for MFIs -- 4.2 Microfinance Institutions (Development and Regulation) Bill 2012 -- 5 Conclusion -- Armageddon or Adolescence? Making Sense of Microfinance's Recent Travails -- Abstract -- 1 Introduction -- 2 The Triumphs -- 3 The Troubles -- 3.1 Randomized Impact Studies -- 3.2 Initial Public Offerings and Charges of "Usury" -- 3.3 Reports of Abusive Credit Methods -- 3.4 Bubble Troubles -- 4 Does Microfinance Work? -- 4.1 Escape from Poverty -- 4.2 Freedom -- 4.3 Industry Building -- 5 Interpreting the Past and Present -- 5.1 A Realistic Vision of Success -- 5.2 An Anchored Perspective on Recent Difficulties -- 5.3 The Lessons of Recent Troubles -- 6 Conclusion -- References -- Core Values of Microfinance Under Scrutiny: Back to Basics? -- 1 What I Want to Address -- 2 The Dual Notion of "Value" and the Role of Values -- 2.1 Two Concepts of "Value" -- 2.2 Why Values Matter in Economics, Business and Finance in General … -- 2.3 … and Especially for Microfinance and Small Business Finance -- 3 Traditional Objectives and Values of Microfinance and How They Were Discussed and Implemented -- 3.1 Two Competing Approaches to Microfinance and Small Business Finance -- 3.2 Outreach and Its Dimensions. , 3.3 The Economic Rationale of the Institution Building Approach to Microfinance -- 3.4 The Meta-ethical Debate -- 4 The Perceived Loss of Ethical Appeal and Reputation -- 4.1 Relevant Changes in the Reality of Microfinance -- 4.2 Relevant Changes in the Discourse About Microfinance -- 5 The Renewed Debate About Objectives and Values of Microfinance -- 5.1 Values for "Microfinance 3.0" -- 5.2 Assuring Value Orientation of MFIs That Want to Access the Capital Market -- 6 Back to Basics? - Yes and No -- References -- Microcredit Interest Rates and Their Determinants: 2004-2011* -- 1 Level and Trend of Interest Rates -- 1.1 How to Measure Microcredit Interest -- 1.2 Level of Interest Yields in 2011 -- 1.3 Global Average Interest Rates Have Stopped Declining in Recent Years -- 1.4 Peer Group Patterns -- 2 Cost of Funds -- 2.1 Peer Group Analysis -- 3 Loan Loss Expense -- 3.1 Peer Group Analysis -- 4 Operating Expenses (and Loan Size) -- 4.1 Peer Group Analysis of Operating Costs, Including the Impact of Loan Sizes -- 4.2 Mission Drift -- Savings Mobilization -- 5 Profits -- 5.1 Profits in Perspective -- 5.2 Level and Trend of Microlender Profits -- 5.3 Peer Group Analysis -- 6 Overview and Summary -- References -- Annex: Data and Methodology -- What Data Did We Use? -- Definitions of Indicators, Peer Groups, and Loan Loss Provision Adjustments -- MIX Peer Groups -- Loan Loss Adjustments -- Financial Services That Clients Need: The 3.0 Business Models, Reconciling Outreach with Sustainability -- 1 Introduction -- 2 Re-focus on the Clients - Is There Real Need and Opportunity? -- 3 Client Centered Innovations That Build on Core Products and Delivery Channels -- 4 Improvements in delivery channels that may benefit clients -- 5 The Importance of Strong Institutions -- 6 Conclusions. , "Microfinance 3.0" - Perspectives for Sustainable Financial Service Delivery -- 1 Introduction -- 2 A Look at Microfinance Today -- 3 Key Elements of "Microfinance 3.0" -- 3.1 Professional, Sustainable, Deposit-Taking Institutions -- 3.2 Good Corporate Governance -- 3.3 Diversity of Financial Services Offered -- 3.4 Fair and Transparent Client Treatment, Including Pricing -- 3.5 Sound Financial Infrastructure and Conducive Regulation -- 3.6 The Role of Funders -- 4 The Funder Perspective - KfW's Approach -- 4.1 KfW's Microfinance Strategy -- 4.2 KfW's Microfinance Portfolio -- 5 Conclusions -- References -- Microfinance Beyond the Standard? Evaluating Adequacy and Performance of Agricultural Microcredit* -- Abstract -- 1 Introduction -- 2 Lending Principles in Microfinance -- 3 Institutions -- 4 Evaluation Questions and Methodology -- 5 Evaluation Results -- 5.1 Are Lending Principles and Product Characteristics of Flex Loans Adapted to Farmers' Needs? -- 5.2 How Far Can Standard Loans and Flex Loans Achieve the Financial Inclusion of Farmers? -- 5.3 Does the Financial Inclusion of Farmers Increase the Credit Risk for the MFIs? -- 5.4 Is Agricultural Lending a Strategic Field of Business for ABM? -- References -- The Role of DFls in the Emerging 3.0 Responsible Funding Landscape - Responsible Corporate Governance and Beyond* -- Abstract -- 1 Introduction -- 2 The Microfinance Funding Landscape -- 2.1 Overview of Microfinance Funding -- 2.2 Patterns and Trends of Cross-Border Funding -- 2.3 Cross-Border Funders Under the Microscope -- 2.4 Local Funding for Microfinance -- 3 Impact Beyond Funding: Role of DFls in Promoting an Inclusive Financial System and a Responsible Finance Landscape -- 3.1 Development Role: Capacity Building for Financial Systems Development -- 3.2 Setting Standards in Good Governance and Responsible Finance. , 3.3 Catalyst and Matchmaker: Crowding in the Private Sector Through Public Private Partnerships -- 3.4 Future Role of DFIs -- 4 Special Focus: Promoting Good Corporate Governance -- 4.1 Why Is Corporate Governance so Important in Microfinance? -- 4.2 Principles, Dimensions and Areas of Good Corporate Governance -- 4.3 Clear Ownership Structure and Shareholder Rights -- 4.4 Role and Responsibilities of the Board -- 4.5 Responsible Exit Strategies -- 4.6 Promoting Good Corporate Governance: Whose Role in the Future? -- 5 Outlook: The Microfinance Funding Landscape of Tomorrow -- 5.1 Further Decreasing Public Funds and Subsidies for Microfinance -- 5.2 Ongoing Trend Towards Increased Local Funding: Local Deposits and Capital Markets -- 5.3 Increasing Trend Towards Equity and Other Forms of Risk Capital -- 5.4 Working Towards Complementarity Between Public and Private Funders -- 5.5 What Future Role for DFls? -- References -- The Microfinance Approach: Does It Deliver on Its Promise? -- Abstract -- 1 Motivation: Impact Crisis in Microfinance -- 2 The Microfinance Revolution - Revisited -- 3 Over-Indebtedness - A Widespread Phenomenon in Microfinance? -- 3.1 The Downside Risk in Microcredit -- 3.2 Household Over-Indebtedness - A Phenomenon Difficult to Capture -- 3.3 The Extent of Over-Indebtedness -- 4 Impact Measurement in Microfinance - Results and Limitations -- 4.1 Control Group Designs to Capture Impact on Microfinance Beneficiaries -- 4.2 Rigorous Impact Studies on Microfinance - Results -- 4.3 Limits of Rigorous Impact Studies in Microfinance -- 5 Conclusions -- References -- Index -- Keywords -- Countries -- Regions.

Additional Edition: Print version: Köhn, Doris Microfinance 3. 0 Berlin, Heidelberg : Springer Berlin / Heidelberg,c2013 ISBN 9783642417030

Language: English

Keywords: Electronic books.

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