Llanto, Gilberto M.; Gabrielle Roanne Laviña - East Asian Bureau of Economic Research (EABER) - 2006
The paper reviews the innovations developed by some financial institutions to meet the challenges of microfinance and … regulatory framework. The second type of innovation is institutional innovation which deals with the changes in the structure …, organization, and legal form of the institution. Another type of innovation is the process innovation. This refers to the …