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The microfinance revolution

Author: Marguerite S Robinson
Publisher: Washington, D.C. : World Bank ; New York : Open Society Institute, ©2001-
Series: World Bank e-Library.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
The revolution occurring in finance for low-income people refers to commercial microfinance-the delivery of financial services to the economically active poor on a large scale through competing, financially self-sufficient institutions. Lessons from Indonesia examines in the Indonesian context the principles and practices of commercial microfinance. The first country to develop profitable microfinance on a large  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Robinson, Marguerite S.
Microfinance revolution.
Washington, D.C. : World Bank ; New York : Open Society Institute, ©2001-
(DLC) 2001026146
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Marguerite S Robinson
ISBN: 9780821345245 0821345249
OCLC Number: 559746217
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (volumes <1>) : illustrations
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Contents: v. 1. Sustainable finance for the poor --
v. 2. lessons from Indonesia --
v. 3. the emerging industry.
Series Title: World Bank e-Library.
Responsibility: Marguerite S. Robinson.

Abstract:

The revolution occurring in finance for low-income people refers to commercial microfinance-the delivery of financial services to the economically active poor on a large scale through competing, financially self-sufficient institutions. Lessons from Indonesia examines in the Indonesian context the principles and practices of commercial microfinance. The first country to develop profitable microfinance on a large scale, Indonesia is home to the world's oldest and largest commercial microfinance institutions, as well as many others. The book examines many financial institutions, with a special emphasis on Bank Rakyat Indonesia's microbanking system, which in the mid-1980s was transformed from a failed subsidized credit program to a nationwide commercial financial intermediary that now profitably provides microfinance services-savings and credit-to more than 20 million people. Commercial microbanking remained stable and profitable in Indonesia even as the country's financial system collapsed during the recent crisis. This volume shows why, and offers crucial lessons for developing countries everywhere.

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