The Transformation of Microfinance Insitutions: Benefical for the Poor?

Annabel Vanroose

Research output: Chapter in Book/Report/Conference proceedingMeeting abstract (Book)

Abstract

This paper assesses the changing institutional form of microfinance institutions and its
impact on the poor. In the first part the transformation process is investigated and put in
its historical perspective. Global international institutions are pushing this process in the
conviction that commercial institutions are much more efficient to provide financial
services to the poor. Nevertheless, until now nothing has proven how this transformation
process impacts the poor. On the contrary, as the paper demonstrates, providing
commercial small-scale financial services to the poor generates some unresolved ethical
questions. In the second part the impact of microfinance on poverty is assessed. Different
impact studies and some recent events are put together and the paper shows that it is far
from clear how microfinance impacts poverty. The paper concludes that microfinance
faces some huge challenges to comply its promises and argues for a more balanced
approach towards microfinance practices.
Original languageEnglish
Title of host publicationConference on Poverty and Capital
Publication statusPublished - 2 Jul 2007
EventFinds and Results from the Swedish Cyprus Expedition: A Gender Perspective at the Medelhavsmuseet - Stockholm, Sweden
Duration: 21 Sep 200925 Sep 2009

Conference

ConferenceFinds and Results from the Swedish Cyprus Expedition: A Gender Perspective at the Medelhavsmuseet
CountrySweden
CityStockholm
Period21/09/0925/09/09

Keywords

  • microfinance
  • impact
  • ethics
  • commercialisation

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