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Berlin, Heidelberg : Springer Berlin / Heidelberg, 2013

1 online resource (207 pages)

ISBN 9783642417047 (electronic bk.)

ISBN 9783642417030

Print version: Kohn, Doris Microfinance 3. 0 Berlin, Heidelberg : Springer Berlin / Heidelberg,c2013 ISBN 9783642417030

Intro -- Preface -- Table of Contents -- Abbreviations -- Microfinance in India: Lessons from the Andhra Crisis* -- 1 The Two-Model Microfinance Industry in India -- 1.1 Self Help Group - Bank Linkage Model - Achievements and Shortcomings -- 1.2 Emergence of MFIs After Banking Sector Reforms Were Launched -- 1.3 International Development Policy Thrust on Sustainability -- 2 Achievements and Shortcomings of MFIs in India -- 2.1 Achievements of MFIs -- 2.2 Shortcomings of MFIs -- 3 The Politics Behind the Microfinance Crisis in Andhra Pradesh -- 4 Emerging Scenario - Responsible Finance -- 4.1 RBI Upgraded the Regulatory Framework for MFIs -- 4.2 Microfinance Institutions (Development and Regulation) Bill 2012 -- 5 Conclusion -- Armageddon or Adolescence? Making Sense of Microfinance’s Recent Travails -- Abstract -- 1 Introduction -- 2 The Triumphs -- 3 The Troubles -- 3.1 Randomized Impact Studies -- 3.2 Initial Public Offerings and Charges of "Usury" -- 3.3 Reports of Abusive Credit Methods -- 3.4 Bubble Troubles -- 4 Does Microfinance Work? -- 4.1 Escape from Poverty -- 4.2 Freedom -- 4.3 Industry Building -- 5 Interpreting the Past and Present -- 5.1 A Realistic Vision of Success -- 5.2 An Anchored Perspective on Recent Difficulties -- 5.3 The Lessons of Recent Troubles -- 6 Conclusion -- References -- Core Values of Microfinance Under Scrutiny: Back to Basics? -- 1 What I Want to Address -- 2 The Dual Notion of "Value" and the Role of Values -- 2.1 Two Concepts of "Value" -- 2.2 Why Values Matter in Economics, Business and Finance in General … -- 2.3 … and Especially for Microfinance and Small Business Finance -- 3 Traditional Objectives and Values of Microfinance and How They Were Discussed and Implemented -- 3.1 Two Competing Approaches to Microfinance and Small Business Finance -- 3.2 Outreach and Its Dimensions.

"Microfinance 3.0" - Perspectives for Sustainable Financial Service Delivery -- 1 Introduction -- 2 A Look at Microfinance Today -- 3 Key Elements of "Microfinance 3.0" -- 3.1 Professional, Sustainable, Deposit-Taking Institutions -- 3.2 Good Corporate Governance -- 3.3 Diversity of Financial Services Offered -- 3.4 Fair and Transparent Client Treatment, Including Pricing -- 3.5 Sound Financial Infrastructure and Conducive Regulation -- 3.6 The Role of Funders -- 4 The Funder Perspective - KfW’s Approach -- 4.1 KfW’s Microfinance Strategy -- 4.2 KfW’s Microfinance Portfolio -- 5 Conclusions -- References -- Microfinance Beyond the Standard? Evaluating Adequacy and Performance of Agricultural Microcredit* -- Abstract -- 1 Introduction -- 2 Lending Principles in Microfinance -- 3 Institutions -- 4 Evaluation Questions and Methodology -- 5 Evaluation Results -- 5.1 Are Lending Principles and Product Characteristics of Flex Loans Adapted to Farmers’ Needs? -- 5.2 How Far Can Standard Loans and Flex Loans Achieve the Financial Inclusion of Farmers? -- 5.3 Does the Financial Inclusion of Farmers Increase the Credit Risk for the MFIs? -- 5.4 Is Agricultural Lending a Strategic Field of Business for ABM? -- References -- The Role of DFls in the Emerging 3.0 Responsible Funding Landscape - Responsible Corporate Governance and Beyond* -- Abstract -- 1 Introduction -- 2 The Microfinance Funding Landscape -- 2.1 Overview of Microfinance Funding -- 2.2 Patterns and Trends of Cross-Border Funding -- 2.3 Cross-Border Funders Under the Microscope -- 2.4 Local Funding for Microfinance -- 3 Impact Beyond Funding: Role of DFls in Promoting an Inclusive Financial System and a Responsible Finance Landscape -- 3.1 Development Role: Capacity Building for Financial Systems Development -- 3.2 Setting Standards in Good Governance and Responsible Finance.

3.3 The Economic Rationale of the Institution Building Approach to Microfinance -- 3.4 The Meta-ethical Debate -- 4 The Perceived Loss of Ethical Appeal and Reputation -- 4.1 Relevant Changes in the Reality of Microfinance -- 4.2 Relevant Changes in the Discourse About Microfinance -- 5 The Renewed Debate About Objectives and Values of Microfinance -- 5.1 Values for "Microfinance 3.0" -- 5.2 Assuring Value Orientation of MFIs That Want to Access the Capital Market -- 6 Back to Basics? - Yes and No -- References -- Microcredit Interest Rates and Their Determinants: 2004-2011* -- 1 Level and Trend of Interest Rates -- 1.1 How to Measure Microcredit Interest -- 1.2 Level of Interest Yields in 2011 -- 1.3 Global Average Interest Rates Have Stopped Declining in Recent Years -- 1.4 Peer Group Patterns -- 2 Cost of Funds -- 2.1 Peer Group Analysis -- 3 Loan Loss Expense -- 3.1 Peer Group Analysis -- 4 Operating Expenses (and Loan Size) -- 4.1 Peer Group Analysis of Operating Costs, Including the Impact of Loan Sizes -- 4.2 Mission Drift -- Savings Mobilization -- 5 Profits -- 5.1 Profits in Perspective -- 5.2 Level and Trend of Microlender Profits -- 5.3 Peer Group Analysis -- 6 Overview and Summary -- References -- Annex: Data and Methodology -- What Data Did We Use? -- Definitions of Indicators, Peer Groups, and Loan Loss Provision Adjustments -- MIX Peer Groups -- Loan Loss Adjustments -- Financial Services That Clients Need: The 3.0 Business Models, Reconciling Outreach with Sustainability -- 1 Introduction -- 2 Re-focus on the Clients - Is There Real Need and Opportunity? -- 3 Client Centered Innovations That Build on Core Products and Delivery Channels -- 4 Improvements in delivery channels that may benefit clients -- 5 The Importance of Strong Institutions -- 6 Conclusions.

3.3 Catalyst and Matchmaker: Crowding in the Private Sector Through Public Private Partnerships -- 3.4 Future Role of DFIs -- 4 Special Focus: Promoting Good Corporate Governance -- 4.1 Why Is Corporate Governance so Important in Microfinance? -- 4.2 Principles, Dimensions and Areas of Good Corporate Governance -- 4.3 Clear Ownership Structure and Shareholder Rights -- 4.4 Role and Responsibilities of the Board -- 4.5 Responsible Exit Strategies -- 4.6 Promoting Good Corporate Governance: Whose Role in the Future? -- 5 Outlook: The Microfinance Funding Landscape of Tomorrow -- 5.1 Further Decreasing Public Funds and Subsidies for Microfinance -- 5.2 Ongoing Trend Towards Increased Local Funding: Local Deposits and Capital Markets -- 5.3 Increasing Trend Towards Equity and Other Forms of Risk Capital -- 5.4 Working Towards Complementarity Between Public and Private Funders -- 5.5 What Future Role for DFls? -- References -- The Microfinance Approach: Does It Deliver on Its Promise? -- Abstract -- 1 Motivation: Impact Crisis in Microfinance -- 2 The Microfinance Revolution - Revisited -- 3 Over-Indebtedness - A Widespread Phenomenon in Microfinance? -- 3.1 The Downside Risk in Microcredit -- 3.2 Household Over-Indebtedness - A Phenomenon Difficult to Capture -- 3.3 The Extent of Over-Indebtedness -- 4 Impact Measurement in Microfinance - Results and Limitations -- 4.1 Control Group Designs to Capture Impact on Microfinance Beneficiaries -- 4.2 Rigorous Impact Studies on Microfinance - Results -- 4.3 Limits of Rigorous Impact Studies in Microfinance -- 5 Conclusions -- References -- Index -- Keywords -- Countries -- Regions.

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(Au-PeEL)EBL6422769

(MiAaPQ)EBC6422769

(OCoLC)1231608702