THE ISSUES OF MICROFINANCE IN DEVELOPING COUNTRIES
https://doi.org/10.21686/2500-3925-2014-4-129-132
Abstract
The article is dedicated to the discussion of the problems of microfinance in developing countries through a detailed analysis of the history and politics of development, operation and regulation of the microfinance sector. Further the article explores the reasons for the failure of microfinance development programs based on the experience of individual countries, and provides a theoretical basis for it. The article also examines policies of microfinance institutions (MFIs), which in some cases, cause significant harm to local production instead of maintaining it. In the final part the article discusses the negative derivative effects of the microfinance application, which is still relevant in many states.
About the Author
Artak T. Yarazyan
Moscow State University of Economics, Statistics and Informatics (MESI)
Russian Federation
Russian Federation
References
1. Milford Bateman: Why Doesn’t Microfinance work? The destructive rise of local neoliberalism - 2010
2. Beatriz Armendáriz, Marc Labie: The Handbook of Microfinance - 2011
3. Jonatan Morduch, Beatriz Armendáriz: The Economics of Microfinance - 2005
4. Muhammad Yunus: Creating a World Without Poverty: Social Business and the Future of Capitalism - 2010
5. Milford Bateman: Why Doesn’t Microfinance work? The destructive rise of local neoliberalism - 2010
6. Beatriz Armendáriz, Marc Labie: The Handbook of Microfinance - 2011
7. Jonatan Morduch, Beatriz Armendáriz: The Economics of Microfinance - 2005
8. Muhammad Yunus: Creating a World Without Poverty: Social Business and the Future of Capitalism - 2010
Review
For citations:
Yarazyan A.T. THE ISSUES OF MICROFINANCE IN DEVELOPING COUNTRIES. Statistics and Economics. 2014;(4):129-132. (In Russ.) https://doi.org/10.21686/2500-3925-2014-4-129-132
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