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Microfinance 3. 0 : Reconciling Sustainability with Social Outreach and Responsible Delivery.

Bibliographic Details
Main Author: Köhn, Doris.
Format: eBook
Language:English
Published: Berlin, Heidelberg : Springer Berlin / Heidelberg, 2013.
Edition:1st ed.
Subjects:
Electronic books.
Online Access:Click to View
Table of Contents:
  • Intro
  • Preface
  • Table of Contents
  • Abbreviations
  • Microfinance in India: Lessons from the Andhra Crisis*
  • 1 The Two-Model Microfinance Industry in India
  • 1.1 Self Help Group - Bank Linkage Model - Achievements and Shortcomings
  • 1.2 Emergence of MFIs After Banking Sector Reforms Were Launched
  • 1.3 International Development Policy Thrust on Sustainability
  • 2 Achievements and Shortcomings of MFIs in India
  • 2.1 Achievements of MFIs
  • 2.2 Shortcomings of MFIs
  • 3 The Politics Behind the Microfinance Crisis in Andhra Pradesh
  • 4 Emerging Scenario - Responsible Finance
  • 4.1 RBI Upgraded the Regulatory Framework for MFIs
  • 4.2 Microfinance Institutions (Development and Regulation) Bill 2012
  • 5 Conclusion
  • Armageddon or Adolescence? Making Sense of Microfinance's Recent Travails
  • Abstract
  • 1 Introduction
  • 2 The Triumphs
  • 3 The Troubles
  • 3.1 Randomized Impact Studies
  • 3.2 Initial Public Offerings and Charges of "Usury"
  • 3.3 Reports of Abusive Credit Methods
  • 3.4 Bubble Troubles
  • 4 Does Microfinance Work?
  • 4.1 Escape from Poverty
  • 4.2 Freedom
  • 4.3 Industry Building
  • 5 Interpreting the Past and Present
  • 5.1 A Realistic Vision of Success
  • 5.2 An Anchored Perspective on Recent Difficulties
  • 5.3 The Lessons of Recent Troubles
  • 6 Conclusion
  • References
  • Core Values of Microfinance Under Scrutiny: Back to Basics?
  • 1 What I Want to Address
  • 2 The Dual Notion of "Value" and the Role of Values
  • 2.1 Two Concepts of "Value"
  • 2.2 Why Values Matter in Economics, Business and Finance in General …
  • 2.3 … and Especially for Microfinance and Small Business Finance
  • 3 Traditional Objectives and Values of Microfinance and How They Were Discussed and Implemented
  • 3.1 Two Competing Approaches to Microfinance and Small Business Finance
  • 3.2 Outreach and Its Dimensions.
  • 3.3 The Economic Rationale of the Institution Building Approach to Microfinance
  • 3.4 The Meta-ethical Debate
  • 4 The Perceived Loss of Ethical Appeal and Reputation
  • 4.1 Relevant Changes in the Reality of Microfinance
  • 4.2 Relevant Changes in the Discourse About Microfinance
  • 5 The Renewed Debate About Objectives and Values of Microfinance
  • 5.1 Values for "Microfinance 3.0"
  • 5.2 Assuring Value Orientation of MFIs That Want to Access the Capital Market
  • 6 Back to Basics? - Yes and No
  • References
  • Microcredit Interest Rates and Their Determinants: 2004-2011*
  • 1 Level and Trend of Interest Rates
  • 1.1 How to Measure Microcredit Interest
  • 1.2 Level of Interest Yields in 2011
  • 1.3 Global Average Interest Rates Have Stopped Declining in Recent Years
  • 1.4 Peer Group Patterns
  • 2 Cost of Funds
  • 2.1 Peer Group Analysis
  • 3 Loan Loss Expense
  • 3.1 Peer Group Analysis
  • 4 Operating Expenses (and Loan Size)
  • 4.1 Peer Group Analysis of Operating Costs, Including the Impact of Loan Sizes
  • 4.2 Mission Drift
  • Savings Mobilization
  • 5 Profits
  • 5.1 Profits in Perspective
  • 5.2 Level and Trend of Microlender Profits
  • 5.3 Peer Group Analysis
  • 6 Overview and Summary
  • References
  • Annex: Data and Methodology
  • What Data Did We Use?
  • Definitions of Indicators, Peer Groups, and Loan Loss Provision Adjustments
  • MIX Peer Groups
  • Loan Loss Adjustments
  • Financial Services That Clients Need: The 3.0 Business Models, Reconciling Outreach with Sustainability
  • 1 Introduction
  • 2 Re-focus on the Clients - Is There Real Need and Opportunity?
  • 3 Client Centered Innovations That Build on Core Products and Delivery Channels
  • 4 Improvements in delivery channels that may benefit clients
  • 5 The Importance of Strong Institutions
  • 6 Conclusions.
  • "Microfinance 3.0" - Perspectives for Sustainable Financial Service Delivery
  • 1 Introduction
  • 2 A Look at Microfinance Today
  • 3 Key Elements of "Microfinance 3.0"
  • 3.1 Professional, Sustainable, Deposit-Taking Institutions
  • 3.2 Good Corporate Governance
  • 3.3 Diversity of Financial Services Offered
  • 3.4 Fair and Transparent Client Treatment, Including Pricing
  • 3.5 Sound Financial Infrastructure and Conducive Regulation
  • 3.6 The Role of Funders
  • 4 The Funder Perspective - KfW's Approach
  • 4.1 KfW's Microfinance Strategy
  • 4.2 KfW's Microfinance Portfolio
  • 5 Conclusions
  • References
  • Microfinance Beyond the Standard? Evaluating Adequacy and Performance of Agricultural Microcredit*
  • Abstract
  • 1 Introduction
  • 2 Lending Principles in Microfinance
  • 3 Institutions
  • 4 Evaluation Questions and Methodology
  • 5 Evaluation Results
  • 5.1 Are Lending Principles and Product Characteristics of Flex Loans Adapted to Farmers' Needs?
  • 5.2 How Far Can Standard Loans and Flex Loans Achieve the Financial Inclusion of Farmers?
  • 5.3 Does the Financial Inclusion of Farmers Increase the Credit Risk for the MFIs?
  • 5.4 Is Agricultural Lending a Strategic Field of Business for ABM?
  • References
  • The Role of DFls in the Emerging 3.0 Responsible Funding Landscape - Responsible Corporate Governance and Beyond*
  • Abstract
  • 1 Introduction
  • 2 The Microfinance Funding Landscape
  • 2.1 Overview of Microfinance Funding
  • 2.2 Patterns and Trends of Cross-Border Funding
  • 2.3 Cross-Border Funders Under the Microscope
  • 2.4 Local Funding for Microfinance
  • 3 Impact Beyond Funding: Role of DFls in Promoting an Inclusive Financial System and a Responsible Finance Landscape
  • 3.1 Development Role: Capacity Building for Financial Systems Development
  • 3.2 Setting Standards in Good Governance and Responsible Finance.
  • 3.3 Catalyst and Matchmaker: Crowding in the Private Sector Through Public Private Partnerships
  • 3.4 Future Role of DFIs
  • 4 Special Focus: Promoting Good Corporate Governance
  • 4.1 Why Is Corporate Governance so Important in Microfinance?
  • 4.2 Principles, Dimensions and Areas of Good Corporate Governance
  • 4.3 Clear Ownership Structure and Shareholder Rights
  • 4.4 Role and Responsibilities of the Board
  • 4.5 Responsible Exit Strategies
  • 4.6 Promoting Good Corporate Governance: Whose Role in the Future?
  • 5 Outlook: The Microfinance Funding Landscape of Tomorrow
  • 5.1 Further Decreasing Public Funds and Subsidies for Microfinance
  • 5.2 Ongoing Trend Towards Increased Local Funding: Local Deposits and Capital Markets
  • 5.3 Increasing Trend Towards Equity and Other Forms of Risk Capital
  • 5.4 Working Towards Complementarity Between Public and Private Funders
  • 5.5 What Future Role for DFls?
  • References
  • The Microfinance Approach: Does It Deliver on Its Promise?
  • Abstract
  • 1 Motivation: Impact Crisis in Microfinance
  • 2 The Microfinance Revolution - Revisited
  • 3 Over-Indebtedness - A Widespread Phenomenon in Microfinance?
  • 3.1 The Downside Risk in Microcredit
  • 3.2 Household Over-Indebtedness - A Phenomenon Difficult to Capture
  • 3.3 The Extent of Over-Indebtedness
  • 4 Impact Measurement in Microfinance - Results and Limitations
  • 4.1 Control Group Designs to Capture Impact on Microfinance Beneficiaries
  • 4.2 Rigorous Impact Studies on Microfinance - Results
  • 4.3 Limits of Rigorous Impact Studies in Microfinance
  • 5 Conclusions
  • References
  • Index
  • Keywords
  • Countries
  • Regions.

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