KfW promotes microfinance investment funds and other activities that facilitate the growth of microfinance. This book … microfinance investment, and its promotion …

The provision of subsidized credit to financial institutions is an important and frequently used policy tool of … that generate shocks to the cost of financing for microfinance institutions (MFIs). MFIs that experience politically …-driven reductions in total borrowing costs hire more staff and increase administrative expenses. Cheap credit leads to greater …