A Comparative Perspective
Edited by Christoph Scherrer
Chapter 13: The stakeholder governance of microfinance
The author argues that stakeholder-based financial institutions with supportive governance structures and local ownership (whether explicit or implicit) can offer healthier and more stable growth, even in times of crisis, for the institutions, their customers, and the communities in which they are based. This claim is based on a look at the history of microfinance that goes back to Irish loan funds and an analysis of today’s microfinance institutions, especially those with a sense of client ownership.
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