Microfinance in South Asia
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Washington, DC
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In South Asia, the modern microfinance
movement was born in Bangladesh in the 1970s as a response
to the prevailing poverty conditions among its vast rural
population. Astonishing growth rates in Bangladesh,
particularly during 1990s, created a new dimension for
microfinance worldwide as microfinance institutions grew to
include millions of clients. The start of the twenty-first
century reinforced this trend as the Bangladesh numbers
continued to grow impressively; in India, a substantial
microfinance system based on Self-Help Groups (SHGs)
developed. Other countries of the region made slower and
later starts but have since established active microfinance
sectors. This working paper includes the following headings:
the financial landscape and the emergence of microfinance;
limitations and challenges; institutional structures and
delivery systems; financing structures; product diversity;
transparency and performance; impact and social performance;
systems that support microfinance; and conclusions and
future perspective.
Palabras clave
MICROFINANCE, ACCESS TO FINANCIAL SERVICE, NATIONAL BANK FOR AGRICULTURE, SAVINGS AND CREDIT ASSOCIATION, ACCESS TO BANKING FACILITIES, STATE BANK OF PAKISTAN, LOW-INCOME PEOPLE, INSTITUTIONAL STRUCTURES, DELIVERY SYSTEMS, LOAN PRODUCTS, DEPOSIT PRODUCTS, MICROINSURANCE, MONEY TRANSFER, TRANSPARENCY, SUSTAINABILITY, SOCIAL PROTECTION, SAFETY NETS, TECHNOLOGY ROLE