Mainstreaming Microfinance: How Lending to the Poor Began, Grew, and Came of Age in Bolivia
Editorial Reviews
Choice, December 2001
Both engaged and engaging... [For] general readers; lower division undergraduates through professional collections.
--This text refers to the
Hardcover
edition.
Book Description
The history of the microfinance movement in Latin America is brought to life through the lens of the Bolivian experience in MAINSTREAMING MICROFINANCE. Microcredit in Bolivia grew and became successful in only a decade, lifting an enormous segment of the country's population into the financial mainstream in the process. The example of its high-achieving institutions charted a course for the development of the international microfinance field.
Drawing on participant interviews, Elisabeth Rhyne details how Bolivia's special breed of social entrepreneurs found the keys to unlock the huge unmet demand of informal clients. She explores how these social activists shaped the character of the institutions that now dominate Bolivia's microfinance sector, and traces how these institutions proved that lending to microenterprises could become a commerical business. Rhyne investigates the transformation of NGOs into formal financial institutions, led by the creation of BancoSol, and closely examines microfinance under the conditions of commercialization and competition that have altered the dynamics of the new industry. --This text refers to the Hardcover edition.
Mainstreaming Microfinance: How Lending to the Poor Began, Grew, and Came of Age in Bolivia,Elisabeth H. Rhyne,Kumarian Press,1565491262,Banks & Banking,Bolivia,Business & Economics,Business / Economics / Finance,Business/Economics,Development - Economic Development,Economics - Microeconomics,Finance,Microfinance,Credit & credit institutions,Microeconomics,Non-governmental organizations (NGOs)
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