Abstract
The present study examines how formation of social capital in themicrofinance sector is affected by enlarging the political or economicresources of the informal groups of poor households and microfinanceinstitutions (MFIs) that contribute to social cohesion. In particular, thischapter attempts to show how the regulatory and supervisory framework as wellas the financial innovations of microfinance institutions have affected poorhouseholds' capacity for cooperation and mutual support in their fightagainst poverty.
Similar content being viewed by others
References
Adams, D.W., D. Graham and J.D. von Pischke (1984). Undermining Rural Development with Cheap Credit. Boulder: Westview Press.
Biedig, G., P. Hartig and G. Sprodofski (1998). Country Study-The Financial Sector in the Philippines. Eschborn: GTZ.
CARD-Center for Agriculture and Rural Development (1998). Operations Manual, San Pablo City, Philippines: CARD.
Coalition for Microfinance Standards (1998). Philippine NGO Microfinance Sector: A Situationer. Mandaluyong City, Philippines: Coalition for Microfinance Standards.
Dingcong, C.G. (1997). Review of Financial Laws and Regulations Affecting the Provision of Financial Services to the Basic Sectors. Manila: Credit Policy Improvement Project, National Credit Council, Dept. of Finance
FAO Regional Office for Asia and the Pacific (1998). A Study of Cooperative Legislation in Selected Asian and Pacific Countries. Bangkok: FAO RAP.
Fry, M.J. (1988). Money, Interest, and Banking in Economic Development. Baltimore: Johns Hopkins University Press.
Getubig, I., J. Remenyi and B. Quiñones, (1997). Creating the Vision: Microfinancing the Poor in Asia-Pacific Issues, Constraints and Capacity-Building. Kuala Lumpur: Asian and Pacific Development Centre.
Lamberte, M. and G.M. Llanto (1995). 'Financial sector policies: The Philippines,' in Financial Sector Development in Asia. Manila: Asian Development Bank.
Llanto, G.M. (1998a). 'The regulation of deposit-taking cooperatives,' Policy Notes 98-09. Manila: Philippine Institute for Development Studies.
Llanto, G.M. (1998b). 'Toward a microfinance policy and regulatory framework: The Philippines,' paper presented at the Asian Development Bank Workshop on August 17, 1998.
Llanto, G.M., M. Piedad Geron and C. Tangl (1997). 'Directed credit programs in the Philippines: The experience and policy reform issues,' Department of Finance, July.
McKinnon, R.I. (1973). Money and Capital in Economic Development. Washington D.C.: Brookings Institution.
Seibel, H.D. (1994). 'Easy money: How to undermine financial systems and development.' Quarterly Journal of International Agriculture (Berlin) 33 (1): 60-77.
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Quinones, B.R., Seibel, H.D. Social capital in microfinance: Case studies in the Philippines. Policy Sciences 33, 421–433 (2000). https://doi.org/10.1023/A:1004833123412
Issue Date:
DOI: https://doi.org/10.1023/A:1004833123412