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Sustainability and governance of microfinance institutions: recent experiences and some lessons for Southeast Asia/

By: Thapa, Ganesh.
Series: Vol. 3 Nos.1&2 July/Dec.2006.Description: pp.17-38.Subject(s): Microfinance | Governance | Poverty reduction | Southeast Asian countries | Sustainability In: Asian Journal of Agriculture and DevelopmentSummary: Microfinance has become an important tool for poverty reduction in many parts of the world, including Asia and the Pacific region. Microfinance institutions (MFIs) target the poor through innovative approaches which include group lending, progressive lending, regular repayment schedules, and collateral substitutes. This paper reviews the experiences of microfinance institutions in different parts of the world in the areas of sustainability and governance, and draws lessons for Southeast Asian countries.
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Microfinance has become an important tool for poverty reduction in many parts of the world, including Asia and the Pacific region. Microfinance institutions (MFIs) target the poor through innovative approaches which include group lending, progressive lending, regular repayment schedules, and collateral substitutes. This paper reviews the experiences of microfinance institutions in different parts of the world in the areas of sustainability and governance, and draws lessons for Southeast Asian countries.

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