increasing the burden of public risk. Quite differently, microfinance is supported by investing scarce donor funds into the … tranches while the risk carried by donors and the support for microfinance is transparent and clearly limited. …

increasing the burden of public risk. Quite differently, microfinance is supported by investing scarce donor funds into the … junior tranches of microfinance investment vehicles. This attracts the investment of private capital into the senior tranches … while the risk carried by donors and the support for microfinance is transparent and clearly limited. …

Transformationsländern befasst, steht im Teilgebiet der Microfinance die Frage im Vordergrund, wie in diesen Ländern der Zugang ärmerer … waren in der Vergangenheit weder Entwicklungsfinanzierung im allgemeinen noch Microfinance im besonderen ein wirklich ernst … Microfinance, Erfolge erzielen ließen, die vorher unvorstellbar waren. Mit einer deutlichen commercial orientation und einer …

What can microfinance contribute to the creation of employment and the increase in well-being of the population? We … argue that microfinance has an important benefit for the poor, particularly for subsistence entrepreneurs, as a means of … handling shocks and smoothing income. By helping to assure a minimum standard of living on the subsistence level, microfinance …

What can microfinance contribute to the creation of employment and the increase in well-being of the population? We … argue that microfinance has an important benefit for the poor, particularly for subsistence entrepreneurs, as a means of … handling shocks and smoothing income. By helping to assure a minimum standard of living on the subsistence level, microfinance …