The Triangle of Microfinance : Financial Sustainability, Outreach, and Impact
Editorial Reviews
Review
"The book features a wealth of empirical data and innovative analytical studies and critical discussions of the role of public support for microfinance institutions in light of the social coasts and benefits generated by such financial systems... The book provides sound information and remarkable experience from many countries about financial services for the poor." -- S. Bauer, German Journal of Agricultural Economics
Review
"The Triangle of Microfinance is an important book that comes at a time when a revival is at hand for donor-driven rural finance following a hiatus of more than ten years. The hiatus began after it had become overwhelmingly clear that donor-driven farm credit projects had been a massive government failure. Successful microfinance can to some degree invigorate the forthcoming revival, but little has been done to design better rural financial systems, which remains the most challenging task. Empirical work presented in this book offers useful points of reference for meeting this challenge. Its chapters provide a valuable and essential statement of core policy issues for donors and their friends and detractors to struggle with and debate. As the revival unfolds, this book is likely to emerge as a centerpiece." -- J. D. von Pischke, author of Finance at the Frontier
"The genius of microfinance lies in simple ideas, like group lending, that have made it possible to provide financial services to people previously thought to be 'unbankable.' But behind those simple ideas are a set of complicated tradeoffs and relationships. This important book faces those tradeoffs head-on, exploring tensions between creating profitable banks and facilitating meaningful social change. The editors have brought together leading researchers to investigate both the mechanics of microfinance institutions and the roles these institutions can play in the lives of the poor. The result is new, unvarnished evidence on the achievements and limits of microfinance and a renewed assessment of its possibilities. The studies replace advocacy with analysis and come together to form a clear agenda to push the field forward." -- Jonathan Morduch, Associate Professor of Public Policy and Economics, New York University
"The book addresses a remarkable breadth of important issues faced in providing financial services to the poor, including the difficult tradeoff between reaching the poorest and financial sustainability, the multiple interrelated needs of the poor not only for credit but also for savings and insurance facilities, and the very high transactions cost to be faced in providing services to the dispersed rural poor. It also addresses a number of difficult methodological issues faced by analysts of microfinance schemes in assessing effective needs for credit, evaluating outreach, and measuring impact. As such, it will be of interest to both practitioners and analysts of microfinance schemes." -- Elisabeth Sadoulet, Professor, University of California, Berkeley
The Triangle of Microfinance : Financial Sustainability, Outreach, and Impact
The Triangle of Microfinance : Financial Sustainability, Outreach, and Impact (International Food Policy Research Institute S.),Manfred Zeller,International Food Policy Research Institute,080187226X,Business & Economics,Business / Economics / Finance,Business/Economics,Development - Economic Development,Finance,International - General,Microfinance,Money & Monetary Policy,Development economics,Development studies,Microeconomics,Political Science / Foreign Legal Systems
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