Private funding of microcredit schemes: Much ado about nothing?
Gutiérrez Nieto, Begoña
Gutiérrez Nieto, Begoña
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Publication date
2005-06-01
Document type
Journal article
Pages
12
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Microcredit, defined as small loans to people who have no regular access to credit, is an innovative strategy in the fight against poverty. Microcredit institutions can obtain funding from private institutional investors (PIIs) that channel funds from donors, private lenders, and socially responsible investors. Private financing of development aid is likely to become more important and microcredit presents an investment opportunity within this context. Microcredit institutions (MCIs) need to become more transparent, however, and require more incentive to seek commercial funding rather than relying on subsidies. With better information about MCIs, PIIs could achieve more impact with their investment.
Language
English
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Journal
Development in Practice
Journal Theme
Development and the Private Sector
Volume
15
Issue
3 & 4
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ISSN
0961-4524
EISSN
1364-9213