How many microfinance institutions (MFIs) exist in the developing world? How well are they performing? What is their role in household economies? Are they using their funds efficiently? In 1999, the International Food Policy Research Institute (IFPRI) conducted a survey on MFIs in Asia, Africa,...

This brief considers the scope for policy action in seven areas: (1) regulation of microfinance institutions, (2) provision of saving services, (3) product innovation, (4) organizational issues in microfinance, (5) poverty impact of microfinance, (6) agricultural finance, and (7) subsidy and...

For poor rural families in developing countries, access to credit and savings facilities has the potential to make the difference between grinding poverty and an economically secure life. Well-managed savings facilities permit households to build up funds for future investment or consumption....

This policy brief reviews evidence and draws lessons regarding the role of microfinance for income and consumption smoothing by the poor, and highlights potential areas for product innovation by the microfinance sector to address the demand for financial services for income and consumption...

The spectacular growth of the microfinance industry has been fueled not by market forces but by conscious actions of national governments, nongovernmental organizations (NGOs), and donors who view microfinance as an effective tool for alleviating poverty. Since much of the impetus behind this...

Many microfinance institutions (MFIs) receive public support. In return for this support, governments and donors demand MFIs not only become financially sustainable but also reach the poor, or even the poorest of the poor. Effective evaluation of the achievement of these objectives requires...