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Books > Business & Economics > Economics > Microeconomics
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Mainstreaming Microfinance - How Lending to the Poor Began, Grew and Came of Age in Bolivia (Paperback)
Loot Price: R650
Discovery Miles 6 500
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Mainstreaming Microfinance - How Lending to the Poor Began, Grew and Came of Age in Bolivia (Paperback)
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* Tells the success story of how microfinance in Latin America
lifted whole populations into the financial mainstream* Offers a
non-technical, in-depth analysis of the microlending debateSome
people tout microfinance as the most important tool now available
for fighting poverty while still others doubt its contribution to
the "truly" poor. This volume offers a reasoned, moderate voice on
the virtues and problems of microfinance. Drawing on the success
story of Bolivia, Rhyne traces the transformation of NGOs into
formal financial institutions, and examines microfinance under the
conditions of commercialization and competition that have altered
the dynamics of the new industry.Using participant interviews, Beth
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 commercial 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.
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