Impact of Microfinance on Developing Countries - Literature review Example

Only on StudentShare

Extract of sample
Impact of Microfinance on Developing Countries

With no access to financial systems, the poor have to define new informal ways through which they have to guarantee their financial survival while at the same time obtaining seed capital for development. Such informal community based institutions are meant to meet their daily and long-term financial needs, a gap that is perfectly filled by the micro financial institutions (Jegede, Kehinde & Hamed, 2011). Consequently, micro financial institutions are organizations developed towards promoting economic activities among the poor and low-income earners, where formal financial institutions have not offered similar services. To these people, banking services are impossible or almost impossible and they have to get a new way of bridging the gap left by the banks, which makes micro financial institutions prominent in poor countries particularly in the African continent. Micro financial institutions will lend small amounts of capital to members and other poor individuals in the locality towards poverty eradication, in addition to providing the poor communities the same services that are available in banks, and which are enjoyed by the rich (Jegede Kehinde & Hamed, 2011). In fact, microfinance institutions do not only provide capital for the poor but will go an extra mile to alleviate poverty from the basic individual level and at the community level (Anyanwu, 2004). ...Show more


In a good number of countries, poor people continue to be excluded from formal financial institutions and other formal financial systemsThis may range from partial exclusion as in most developed countries, to full exclusion in developing and poor countries…
Author : lebsackhaley
Impact of Microfinance on Developing Countries essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the literature review on your topic
"Impact of Microfinance on Developing Countries"
with a personal 20% discount.
Grab the best paper

Related Essays

Literature review 8
Abudawood ID 291335 April 2nd, 2011 SUPERVISORS: Dr. Ruba Salih / Dr. Hassan Hakimian/ Professor Naila Kabeer ABSTRACT: I am hoping that this study will represent a significant milestone on a road that has been journeyed over by scholarship on gender and development specifically in the Middle East.
32 pages (8000 words) Literature review
An analysis of corporate governance in the GCC countries and the impact of sharia law on it
The role of each participant in the corporate governance mechanism is vital. Corporate governance mechanism is largely dependent on the legal, institutional and regulatory environment. There is not a singular model framework which defines a good corporate governance system hence different countries follow different corporate governance mechanism.
14 pages (3500 words) Literature review
The impact of foreign investment(with reference to china and india) on Nigerias economy and how Nigeria as a developing nation
This is because of the fact that internal resources and capabilities have limitations in keeping the economic progress of a country beyond certain limits. Even developed countries are currently trying to increase FDI as much as possible. Globalization has given momentum to this trend.
4 pages (1000 words) Literature review
Assessing Risk perception and Insurane Knowledge in Accra, Ghana
There have been many losses to the people of Accra, Ghana’s capital, over the years because of a lack of insurance cover that has made governments introduce new policies with the aim of encouraging its people to get insurance cover not only for their property but also for their lives.
6 pages (1500 words) Literature review
Microfinance - how government regulations affect microfinance in Brazil
These kinds of source of credit for the small sized industries in the developing countries have been instrumental in the reduction of the level of poverty in the countries. The main source of this kind of financing is generally the non profit organisations that provide credit at a very subsidized rate.
8 pages (2000 words) Literature review
Developing Academic Skills
The theories reviewed in this paper include Darwin’s theory, transformational leadership and Network leadership. The review involves critical evaluation, comparison and contrast of the theories mentioned. According to Darwin’s theory concept, it can be employed to assist organization and manager to transform (Ospovat 1995).
4 pages (1000 words) Literature review
Literature review 8
nd womens empowerment, this study will attempt to inscribe itself into broader discourses and debates concerning equity and equality, gendered inequalities, power relations, womens economic and social empowerment as they are impacted by microfinance. Saudi Arabia is an
32 pages (8000 words) Literature review
An analysis of corporate governance in the GCC countries and the impact of sharia law on it
Generally, corporate governance can be defined as a framework of policies, rules, laws, customs and institutions that determine how a company or corporation is administered (Andrei and Robert, 1997). Basically, corporate governance is concerned with how
20 pages (5000 words) Literature review
Crowdfunding in Nigeria
he online platform that would be used to explain the goals of the fundraising and share the goals with the family friends and other people in their social networks. According to Kappel (2009), the crowd funding involves the soliciting of small amount of money from large number
24 pages (6000 words) Literature review
Developing an interactive timeline
The author states that the lack of interactive contents and outdated interface are the main factors that restricts the young generations of the society to show their interest on the specific websites. It is also necessary for the organizations to make use of interactive media that would attract the young generation people towards their website.
12 pages (3000 words) Literature review
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email