enterprises and the constraints to SME financing remain the main topic of policy discussion today. Against this background, the … success of microfinance around the world, a large number of commercial banks have made a profitable business out of this … sector. This paper explores various business models by commercial banks in microfinance and provides policy implications for …

though they relax financing constraints. We relate this insight to the limited success of group-based microfinance in … loans ; social ties ; altruism ; peer-to-peer lending ; small business ; entrepreneurial finance ; microfinance ; missing …

Microfinance is the arrangement of budgetary administrations to low-income individuals and to SMEs. An empirical study …