This paper discusses the so-called commercial approach to microfinance under economic and ethical aspects. It first … shows how microfinance has developed from a purely welfare-oriented activity to a commercially relevant line of banking … microfinance in the course of the last decade. As the author argues, this commercial approach is the only sound approach to adopt …

microfinance, this paper is a personal account of taking turns living in both worlds - each a microcosm of its own-, and bridging …

, le secteur choisi a été celui de la microfinance. Mon voyage personnel m'a obligé à adopter de nouveaux paradigmes et à …

This paper analyses the welfare effects of microfinance and inflation in developing countries. Therefore, we introduce … microfinance institution induces peer monitoring, which in turn enables entrepreneurship. Our main result is that there exists an … inflation threshold beyond which entrepreneurship collapses. We show that inflation affects the impact of microfinance on social …

This book focuses on the achievements, current trends and further potential of microfinance to scale-up and serve many …, and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds … debate on core values of microfinance, triggered by recent criticisms of an approach that was hailed as a panacea in the …

Garantien eine quasi unlimitierte Förderquelle, die zur Erhöhung systemischer Risiken beitrug. In der Mikrofinanzierung dagegen … Kapitalmarkt für die Mikrofinanzierung erschließen, ohne die Gefahr einer unkontrollierten Ausweitung von Risiken einzugehen. … increasing the burden of public risk. Quite differently, microfinance is supported by investing scarce donor funds into the …

interest of western banks in new models of finance, particularly Islamic finance and microfinance. This new trend is not only … primarily outlines that many elements of microfinance could be considered consistent with the broader goals of Islamic banking …

This paper uses a panel data set of microfinance institutions (MFI) across the world to compare several identification …