Small Beginnings for Great 0pportunities : Lessons Learned from 20 years of Microfinance Projects in IFC
By increasing access to finance for out-of-reach households and families, microfinance continues to be an essential tool for improving livelihoods at the base of the pyramid. The last 20 years have seen remarkable growth in the microfinance sector....
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| Format: | Book |
| Language: | English en_US |
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World Bank Group, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/01/24171745/small-beginnings-great-opportunities-lessons-learned-20-years-microfinance-projects-ifc http://hdl.handle.net/10986/21795 |
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okr-10986-21795 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCOUNTS RECEIVABLE AFFILIATES ANTI-MONEY LAUNDERING AUDITING BALANCE SHEET BALANCE SHEETS BANK ASSETS BANK CREDIT BANK GUARANTEES BANK LOAN BANK LOANS BANKING LAW BANKING SECTOR BANKING SYSTEM BORROWING BORROWINGS BUSINESS LOANS CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPITAL STRUCTURE CASH FLOW CENTRAL BANKS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL LENDING CONSOLIDATED FINANCIAL STATEMENTS CONSUMER PROTECTION CONTRACT ENFORCEMENT CONVENTIONAL BANK CONVENTIONAL BANKS CONVENTIONAL FINANCIAL INSTITUTIONS COUNTRY COMPARISONS CREDIT BUREAU CREDIT BUREAUS CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT LINES CREDIT PROVIDERS CREDIT REGISTRY CREDIT REPORT CREDIT REPORTING CREDIT RISK CREDIT SCORES CREDITS CREDITWORTHINESS CURRENT ACCOUNT CURRENT ACCOUNTS CUSTOMER RELATIONSHIP DEBT DEBT BURDEN DEPOSIT DEPOSITS DEVELOPMENT CENTER DOCUMENTATION REQUIREMENTS DONOR FUNDING DONOR RESOURCES DONOR SUPPORT ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIES OF SCALE EMPLOYEE EMPLOYER EMPLOYERS ENTREPRENEURS EQUITY REQUIREMENTS EUROPEAN CENTRAL BANK EXCHANGE RATE EXTERNAL AUDITORS FAIR LENDING FINANCE COMPANIES FINANCE COMPANY FINANCIAL COSTS FINANCIAL INSTITUTIONS FINANCIAL LEASING FINANCIAL PERFORMANCE FINANCIAL REGULATOR FINANCIAL RESOURCES FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES PROVIDERS FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FOREIGN ASSETS FOREIGN BANKS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTMENTS FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL SECTOR FORMAL FINANCIAL SERVICES FREE LOANS FUNDING SOURCES GOVERNMENT FUNDING GOVERNMENT INTERVENTION GUARANTORS HOUSEHOLD WELFARE HOUSEHOLDS HOUSING LOANS INCOME GROUP INCOME STATEMENTS INCOME TAX INCOME-GENERATING PROJECT INCOME-GENERATING PROJECTS INDEBTEDNESS INEQUALITIES INEQUALITY INFORMATION GAP INFORMATION SHARING INSIDER LENDING INSURANCE INSURANCE POLICY INSURANCE SERVICES INTEREST RATE INTEREST RATES INVENTORY LAWS LEGAL FRAMEWORK LEGAL PROVISION LEGAL REQUIREMENT LEGISLATION LENDERS LEVEL PLAYING FIELD LIQUID ASSETS LOAN LOAN AMOUNT LOAN AMOUNTS LOAN CLASSIFICATION LOAN CONTRACT LOAN CONTRACTS LOAN DELINQUENCY LOAN DOCUMENTATION LOAN PORTFOLIO LOAN PORTFOLIOS LOAN PROCESSING LOAN PROCESSING TIME LOAN PROGRAM LOAN PROVISIONING LOAN RECOVERY LOAN SIZE LOAN TERMS LOW-INCOME CONSUMERS MARKET VALUE MAXIMUM LOAN AMOUNT MFI MFIS MICRO-ENTERPRISES MICRO-LENDING MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MONETARY POLICY MONEY LAUNDERING MONEY TRANSFER MONEY TRANSFERS MOVABLE COLLATERAL NEW ENTRANTS OPERATING COSTS OPERATIONAL COSTS OUTREACH OVERDRAFT PAYMENT OBLIGATIONS PAYMENT SERVICE POSTAL SAVING PRIVATE BANKS PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE LENDER PRODUCTIVITY PROFITABILITY PROPENSITY TO SAVE PROVIDERS OF CREDIT PRUDENTIAL REGULATIONS PRUDENTIAL REQUIREMENTS PUBLIC CREDIT PUBLIC FUNDS REAL ESTATE REGULATORY FRAMEWORK REPAYMENT REPAYMENT PERIOD REPAYMENT RATES RESERVE REQUIREMENT RESOURCE ALLOCATION RISK MANAGEMENT RISK OF LOSS SAVINGS SAVINGS BEHAVIOR SECURITIES SMALL BUSINESSES SMALL ENTERPRISES SOCIAL RESPONSIBILITY SOURCE OF CREDIT SOURCES OF CREDIT SOURCES OF FUNDS STOCK MARKET SUBSIDIARIES TAX EXEMPTIONS TERMS OF LOAN TRADE CREDITS TRADE VOLUME TRANSPARENT MARKET UNEMPLOYMENT UNFAIR COMPETITION URBAN AREAS USURY WHOLESALE FUNDING WOMAN WORKING CAPITAL |
| spellingShingle |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCOUNTS RECEIVABLE AFFILIATES ANTI-MONEY LAUNDERING AUDITING BALANCE SHEET BALANCE SHEETS BANK ASSETS BANK CREDIT BANK GUARANTEES BANK LOAN BANK LOANS BANKING LAW BANKING SECTOR BANKING SYSTEM BORROWING BORROWINGS BUSINESS LOANS CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPITAL STRUCTURE CASH FLOW CENTRAL BANKS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL LENDING CONSOLIDATED FINANCIAL STATEMENTS CONSUMER PROTECTION CONTRACT ENFORCEMENT CONVENTIONAL BANK CONVENTIONAL BANKS CONVENTIONAL FINANCIAL INSTITUTIONS COUNTRY COMPARISONS CREDIT BUREAU CREDIT BUREAUS CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT LINES CREDIT PROVIDERS CREDIT REGISTRY CREDIT REPORT CREDIT REPORTING CREDIT RISK CREDIT SCORES CREDITS CREDITWORTHINESS CURRENT ACCOUNT CURRENT ACCOUNTS CUSTOMER RELATIONSHIP DEBT DEBT BURDEN DEPOSIT DEPOSITS DEVELOPMENT CENTER DOCUMENTATION REQUIREMENTS DONOR FUNDING DONOR RESOURCES DONOR SUPPORT ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIES OF SCALE EMPLOYEE EMPLOYER EMPLOYERS ENTREPRENEURS EQUITY REQUIREMENTS EUROPEAN CENTRAL BANK EXCHANGE RATE EXTERNAL AUDITORS FAIR LENDING FINANCE COMPANIES FINANCE COMPANY FINANCIAL COSTS FINANCIAL INSTITUTIONS FINANCIAL LEASING FINANCIAL PERFORMANCE FINANCIAL REGULATOR FINANCIAL RESOURCES FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES PROVIDERS FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FOREIGN ASSETS FOREIGN BANKS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTMENTS FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL SECTOR FORMAL FINANCIAL SERVICES FREE LOANS FUNDING SOURCES GOVERNMENT FUNDING GOVERNMENT INTERVENTION GUARANTORS HOUSEHOLD WELFARE HOUSEHOLDS HOUSING LOANS INCOME GROUP INCOME STATEMENTS INCOME TAX INCOME-GENERATING PROJECT INCOME-GENERATING PROJECTS INDEBTEDNESS INEQUALITIES INEQUALITY INFORMATION GAP INFORMATION SHARING INSIDER LENDING INSURANCE INSURANCE POLICY INSURANCE SERVICES INTEREST RATE INTEREST RATES INVENTORY LAWS LEGAL FRAMEWORK LEGAL PROVISION LEGAL REQUIREMENT LEGISLATION LENDERS LEVEL PLAYING FIELD LIQUID ASSETS LOAN LOAN AMOUNT LOAN AMOUNTS LOAN CLASSIFICATION LOAN CONTRACT LOAN CONTRACTS LOAN DELINQUENCY LOAN DOCUMENTATION LOAN PORTFOLIO LOAN PORTFOLIOS LOAN PROCESSING LOAN PROCESSING TIME LOAN PROGRAM LOAN PROVISIONING LOAN RECOVERY LOAN SIZE LOAN TERMS LOW-INCOME CONSUMERS MARKET VALUE MAXIMUM LOAN AMOUNT MFI MFIS MICRO-ENTERPRISES MICRO-LENDING MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MONETARY POLICY MONEY LAUNDERING MONEY TRANSFER MONEY TRANSFERS MOVABLE COLLATERAL NEW ENTRANTS OPERATING COSTS OPERATIONAL COSTS OUTREACH OVERDRAFT PAYMENT OBLIGATIONS PAYMENT SERVICE POSTAL SAVING PRIVATE BANKS PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE LENDER PRODUCTIVITY PROFITABILITY PROPENSITY TO SAVE PROVIDERS OF CREDIT PRUDENTIAL REGULATIONS PRUDENTIAL REQUIREMENTS PUBLIC CREDIT PUBLIC FUNDS REAL ESTATE REGULATORY FRAMEWORK REPAYMENT REPAYMENT PERIOD REPAYMENT RATES RESERVE REQUIREMENT RESOURCE ALLOCATION RISK MANAGEMENT RISK OF LOSS SAVINGS SAVINGS BEHAVIOR SECURITIES SMALL BUSINESSES SMALL ENTERPRISES SOCIAL RESPONSIBILITY SOURCE OF CREDIT SOURCES OF CREDIT SOURCES OF FUNDS STOCK MARKET SUBSIDIARIES TAX EXEMPTIONS TERMS OF LOAN TRADE CREDITS TRADE VOLUME TRANSPARENT MARKET UNEMPLOYMENT UNFAIR COMPETITION URBAN AREAS USURY WHOLESALE FUNDING WOMAN WORKING CAPITAL International Finance Corporation Small Beginnings for Great 0pportunities : Lessons Learned from 20 years of Microfinance Projects in IFC |
| relation |
IFC SmartLessons; |
| description |
By increasing access to finance for
out-of-reach households and families, microfinance continues
to be an essential tool for improving livelihoods at the
base of the pyramid. The last 20 years have seen remarkable
growth in the microfinance sector. From its early stages in
small-scale microenterprise lending, through its commercial
expansion to offer savings and a broad array of financial
services to low-income customers, to its entry into new
markets and incorporation of technological innovations,
microfinance is ensuring that an ever-greater number of
households have permanent access to a range of high-quality
and affordable financial services. The microfinance industry
is estimated at $60 to $100 billion globally, where several
thousand microfinance organizations reach an estimated 200
million clients, most of whom were not previously served by
the formal financial sector. However, 2.5 billion adults
still lack access to formal financial services. Financial
services for low-income people are an important factor when
it comes to poverty reduction, as it enables them to build
assets, increase incomes and reduce their vulnerability to
economic stress. Moreover, microfinance continues to be an
important tool when it comes to empowering women. IFC is the
World Bank Group s main investor in microfinance, working
with around 300 microfinance institutions (MFIs) and
SME-focused financial institutions, which provide financial
services in 91 countries. IFC is also one of the leading
global investors in terms of volume. In fiscal year 2014, we
committed $519 million in 43 projects with MFIs. Our
cumulative investment portfolio in microfinance exceeded
$3.5 billion, with outstanding commitments of $2.0 billion.
In fiscal year 2014, IFC advisory services comprised $74.2
million, representing advisory assistance for 86 projects.
This smart book, titled from small beginnings to great
opportunities, presents practical lessons learned from the
work that authors have been doing on microfinance projects
over the last twenty years. From launching the Microfinance
Enhancement Facility to help the industry stay afloat during
the time of crisis, to working on a project to support
microfinance clients to fulfill their housing dreams, these
narratives are both engaging and insightful. |
| format |
Book |
| author |
International Finance Corporation |
| author_facet |
International Finance Corporation |
| author_sort |
International Finance Corporation |
| title |
Small Beginnings for Great 0pportunities : Lessons Learned from 20 years of Microfinance Projects in IFC |
| title_short |
Small Beginnings for Great 0pportunities : Lessons Learned from 20 years of Microfinance Projects in IFC |
| title_full |
Small Beginnings for Great 0pportunities : Lessons Learned from 20 years of Microfinance Projects in IFC |
| title_fullStr |
Small Beginnings for Great 0pportunities : Lessons Learned from 20 years of Microfinance Projects in IFC |
| title_full_unstemmed |
Small Beginnings for Great 0pportunities : Lessons Learned from 20 years of Microfinance Projects in IFC |
| title_sort |
small beginnings for great 0pportunities : lessons learned from 20 years of microfinance projects in ifc |
| publisher |
World Bank Group, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/01/24171745/small-beginnings-great-opportunities-lessons-learned-20-years-microfinance-projects-ifc http://hdl.handle.net/10986/21795 |
| _version_ |
1764449195550310400 |
| spelling |
okr-10986-217952021-04-23T14:04:04Z Small Beginnings for Great 0pportunities : Lessons Learned from 20 years of Microfinance Projects in IFC International Finance Corporation ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCOUNTS RECEIVABLE AFFILIATES ANTI-MONEY LAUNDERING AUDITING BALANCE SHEET BALANCE SHEETS BANK ASSETS BANK CREDIT BANK GUARANTEES BANK LOAN BANK LOANS BANKING LAW BANKING SECTOR BANKING SYSTEM BORROWING BORROWINGS BUSINESS LOANS CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPITAL STRUCTURE CASH FLOW CENTRAL BANKS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL LENDING CONSOLIDATED FINANCIAL STATEMENTS CONSUMER PROTECTION CONTRACT ENFORCEMENT CONVENTIONAL BANK CONVENTIONAL BANKS CONVENTIONAL FINANCIAL INSTITUTIONS COUNTRY COMPARISONS CREDIT BUREAU CREDIT BUREAUS CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT LINES CREDIT PROVIDERS CREDIT REGISTRY CREDIT REPORT CREDIT REPORTING CREDIT RISK CREDIT SCORES CREDITS CREDITWORTHINESS CURRENT ACCOUNT CURRENT ACCOUNTS CUSTOMER RELATIONSHIP DEBT DEBT BURDEN DEPOSIT DEPOSITS DEVELOPMENT CENTER DOCUMENTATION REQUIREMENTS DONOR FUNDING DONOR RESOURCES DONOR SUPPORT ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIES OF SCALE EMPLOYEE EMPLOYER EMPLOYERS ENTREPRENEURS EQUITY REQUIREMENTS EUROPEAN CENTRAL BANK EXCHANGE RATE EXTERNAL AUDITORS FAIR LENDING FINANCE COMPANIES FINANCE COMPANY FINANCIAL COSTS FINANCIAL INSTITUTIONS FINANCIAL LEASING FINANCIAL PERFORMANCE FINANCIAL REGULATOR FINANCIAL RESOURCES FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES PROVIDERS FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FOREIGN ASSETS FOREIGN BANKS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTMENTS FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL SECTOR FORMAL FINANCIAL SERVICES FREE LOANS FUNDING SOURCES GOVERNMENT FUNDING GOVERNMENT INTERVENTION GUARANTORS HOUSEHOLD WELFARE HOUSEHOLDS HOUSING LOANS INCOME GROUP INCOME STATEMENTS INCOME TAX INCOME-GENERATING PROJECT INCOME-GENERATING PROJECTS INDEBTEDNESS INEQUALITIES INEQUALITY INFORMATION GAP INFORMATION SHARING INSIDER LENDING INSURANCE INSURANCE POLICY INSURANCE SERVICES INTEREST RATE INTEREST RATES INVENTORY LAWS LEGAL FRAMEWORK LEGAL PROVISION LEGAL REQUIREMENT LEGISLATION LENDERS LEVEL PLAYING FIELD LIQUID ASSETS LOAN LOAN AMOUNT LOAN AMOUNTS LOAN CLASSIFICATION LOAN CONTRACT LOAN CONTRACTS LOAN DELINQUENCY LOAN DOCUMENTATION LOAN PORTFOLIO LOAN PORTFOLIOS LOAN PROCESSING LOAN PROCESSING TIME LOAN PROGRAM LOAN PROVISIONING LOAN RECOVERY LOAN SIZE LOAN TERMS LOW-INCOME CONSUMERS MARKET VALUE MAXIMUM LOAN AMOUNT MFI MFIS MICRO-ENTERPRISES MICRO-LENDING MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MONETARY POLICY MONEY LAUNDERING MONEY TRANSFER MONEY TRANSFERS MOVABLE COLLATERAL NEW ENTRANTS OPERATING COSTS OPERATIONAL COSTS OUTREACH OVERDRAFT PAYMENT OBLIGATIONS PAYMENT SERVICE POSTAL SAVING PRIVATE BANKS PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE LENDER PRODUCTIVITY PROFITABILITY PROPENSITY TO SAVE PROVIDERS OF CREDIT PRUDENTIAL REGULATIONS PRUDENTIAL REQUIREMENTS PUBLIC CREDIT PUBLIC FUNDS REAL ESTATE REGULATORY FRAMEWORK REPAYMENT REPAYMENT PERIOD REPAYMENT RATES RESERVE REQUIREMENT RESOURCE ALLOCATION RISK MANAGEMENT RISK OF LOSS SAVINGS SAVINGS BEHAVIOR SECURITIES SMALL BUSINESSES SMALL ENTERPRISES SOCIAL RESPONSIBILITY SOURCE OF CREDIT SOURCES OF CREDIT SOURCES OF FUNDS STOCK MARKET SUBSIDIARIES TAX EXEMPTIONS TERMS OF LOAN TRADE CREDITS TRADE VOLUME TRANSPARENT MARKET UNEMPLOYMENT UNFAIR COMPETITION URBAN AREAS USURY WHOLESALE FUNDING WOMAN WORKING CAPITAL By increasing access to finance for out-of-reach households and families, microfinance continues to be an essential tool for improving livelihoods at the base of the pyramid. The last 20 years have seen remarkable growth in the microfinance sector. From its early stages in small-scale microenterprise lending, through its commercial expansion to offer savings and a broad array of financial services to low-income customers, to its entry into new markets and incorporation of technological innovations, microfinance is ensuring that an ever-greater number of households have permanent access to a range of high-quality and affordable financial services. The microfinance industry is estimated at $60 to $100 billion globally, where several thousand microfinance organizations reach an estimated 200 million clients, most of whom were not previously served by the formal financial sector. However, 2.5 billion adults still lack access to formal financial services. Financial services for low-income people are an important factor when it comes to poverty reduction, as it enables them to build assets, increase incomes and reduce their vulnerability to economic stress. Moreover, microfinance continues to be an important tool when it comes to empowering women. IFC is the World Bank Group s main investor in microfinance, working with around 300 microfinance institutions (MFIs) and SME-focused financial institutions, which provide financial services in 91 countries. IFC is also one of the leading global investors in terms of volume. In fiscal year 2014, we committed $519 million in 43 projects with MFIs. Our cumulative investment portfolio in microfinance exceeded $3.5 billion, with outstanding commitments of $2.0 billion. In fiscal year 2014, IFC advisory services comprised $74.2 million, representing advisory assistance for 86 projects. This smart book, titled from small beginnings to great opportunities, presents practical lessons learned from the work that authors have been doing on microfinance projects over the last twenty years. From launching the Microfinance Enhancement Facility to help the industry stay afloat during the time of crisis, to working on a project to support microfinance clients to fulfill their housing dreams, these narratives are both engaging and insightful. 2015-04-27T21:44:20Z 2015-04-27T21:44:20Z 2015 Book http://documents.worldbank.org/curated/en/2015/01/24171745/small-beginnings-great-opportunities-lessons-learned-20-years-microfinance-projects-ifc http://hdl.handle.net/10986/21795 English en_US IFC SmartLessons; CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ International Finance Corporation World Bank Group, Washington, DC Publications & Research Publications & Research :: Brief |