Author : Andrea-Victoria Noelle
Publisher : Logos Verlag Berlin
ISBN 13 : 9783832520342
Total Pages : 515 pages
Book Rating : 4.5/5 (23 download)
Book Synopsis Global Success Factors of Viable Microfinance and Implications for China by : Andrea-Victoria Noelle
Download or read book Global Success Factors of Viable Microfinance and Implications for China written by Andrea-Victoria Noelle and published by Logos Verlag Berlin. This book was released on 2008 with total page 515 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microfinance as a development tool has been gaining importance since it emerged in the 1980s. The future of microfinance will be determined in populous countries like China and India. Thus, it is crucial to understand the drivers of successful microfinance in these markets. Three globally successful best practice case studies are presented to determine the overall success factors of viable microfinance (Grameen Bank in Bangladesh, FINCA International, and BancoSol in Bolivia). China has experienced substantial growth as well as success in its poverty reduction efforts in the past. However, rising social tensions have led to a different approach in which microfinance emerged in the country. To determine the situation of microfinance in China a pioneer project SPPA (Social Development Program for Poor Areas) is analyzed. Overall, microfinance proved not a universal tool against poverty reduction - but if set in place properly it can increase social and material well-being on an individual level and contribute within an overall poverty reduction strategy.