Frontier Finance - Microfinance as a Prudent First Intervention in Post-Conflict Countries

While there is growing support for microfinance globally, the unmet demand remains enormous, particularly in Africa, and especially in post-conflict and frontier countries. In Liberia, Sierra Leone, the Central African Republic and the Democratic R...

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Bibliographic Details
Main Authors: Earne, Julie, Gutin, John, Jagun, Jumoke
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
MFI
Online Access:http://documents.worldbank.org/curated/en/2008/04/9681500/frontier-finance-microfinance-prudent-first-intervention-post-conflict-countries
http://hdl.handle.net/10986/10617
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Summary:While there is growing support for microfinance globally, the unmet demand remains enormous, particularly in Africa, and especially in post-conflict and frontier countries. In Liberia, Sierra Leone, the Central African Republic and the Democratic Republic of Congo (DRC), less than 1 percent of the population has access to a bank account. Yet as these countries continue to stabilize, the demand for secure financial services is exploding. The post-conflict nature of these countries magnifies the need for microfinance services, as micro and small enterprises (MSEs) operating at a subsistence level are often the only surviving businesses after a conflict.