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...
Main Authors: | , , |
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Language: | English |
Published: |
World Bank, Washington, DC
2012
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Subjects: | |
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 |
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. |
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