Success Factors in Microfinance Greenfielding
The creation of new microfinance institutions (greenfielding) is a key International Finance Corporation (IFC) intervention to increase access to finance in countries where there are few institutions serving micro and small businesses. IFC uses thi...
Main Author: | |
---|---|
Language: | English |
Published: |
World Bank, Washington, DC
2012
|
Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2010/05/12590932/success-factors-microfinance-greenfielding http://hdl.handle.net/10986/10488 |
Summary: | The creation of new microfinance
institutions (greenfielding) is a key International Finance
Corporation (IFC) intervention to increase access to finance
in countries where there are few institutions serving micro
and small businesses. IFC uses this approach extensively in
Africa and in post conflict countries, and has supported the
creation of 12 microfinance banks in Sub-Saharan Africa over
the past four years. Another five are in the pipeline.
Before 2006, IFC had made a grand total of only four
microfinance investments in the region ever. So this program
represents an extraordinary expansion of IFC's
microfinance activities in the region. The program's
focus on greenfielding has enabled the Africa microfinance
team to identify some key success factors that can be
applied to future projects in Africa and elsewhere. |
---|