Microfinance

Microfinance

Emerging Trends and Challenges

Edited by Suresh Sundaresan

This book takes a solid step toward a systematic analysis of the implications of microfinance for the role and regulation of capital markets. The authors address integration of capital markets with microfinance, technological innovations such as the use of mobile phone technology, the consequences of women’s access to micro-loan borrowings, and the regulatory challenges and opportunities emerging as the landscape of microfinance dramatically evolves.

Preface

Edited by Suresh Sundaresan

Subjects: development studies, development economics, economics and finance, development economics, financial economics and regulation

Extract

This book—Microfinance: Emerging Trends and Challenges—brings together recent practical innovations and policy questions in the field of microfinance, and is largely based on the contributions made by different scholars and practitioners to the conference hosted by the Social Enterprise Program of Columbia Business School on 20 April 2007 at Columbia University. This conference, entitled Credit Markets for the Poor: Focus on Micro-Finance, examined recent developments in the field, research findings, and the challenges that lie ahead. The contributions in this book, after the introductory chapter, focus on (1) integration of capital markets with microfinance, (2) securitization and micro-credit backed securities, (3) technological innovations such as the delivery of banking services to the “unbanked sector” using mobile phone technology, (4) the regulatory challenges and opportunities as the landscape of microfinance undergoes a sea change, and (5) the consequences of gender empowerment, where women, especially among the poorest, predominate micro-loan borrowings. xi