Abstract
This paper addresses microfinance — financial services products including credit, loans and insurance — which encourage productive and entrepreneurial activity for the marginalised, often ‘unbanked’, also known as the poverty market. The paper provides an overview of the microfinance market space, its industry players, and it addresses current issues in development policy.
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1teaches international business and previously directed the MBA Program. Her MA and PhD is from the Ohio State University; she attended Dartmouth College and she received her BA from Wheaton College (MA). Her research interests focus on developing nation issues. She has been a MUCIA (Midwest University Consortium for International Activities) Global Professor; recipient of US Department of Education grant for Romania; and she has lectured or researched in Turkey, Romania, Russia, Hungary, Indonesia, Malaysia, Cambodia, Thailand, Mexico, Chile and Morocco.
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Arch, G. Microfinance and development: Risk and return from a policy outcome perspective. J Bank Regul 6, 227–245 (2005). https://doi.org/10.1057/palgrave.jbr.2340194
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DOI: https://doi.org/10.1057/palgrave.jbr.2340194