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Rethinking Microfinance for Developed Countries

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  • Matteo Pedrini
  • Valentina Bramanti
  • Marco Minciullo
  • Laura Maria Ferri

Abstract

Despite the growth of the sector, microfinance's academic research in developed countries is still very limited. The paper builds on earlier works, which discuss four technical problems related to the diffusion of microfinance in developing countries. In re‐framing their approach to apply it to developed countries, we propose a set of recommendations in order to foster the growth of the microfinance sector: (1) the use of financial institutions to supply microfinance products; (2) the development of an alternative credit scoring in banks; (3) the adoption of a regulatory framework for microfinance; and (4) the use of networks as social collaterals. Copyright © 2016 John Wiley & Sons, Ltd.

Suggested Citation

  • Matteo Pedrini & Valentina Bramanti & Marco Minciullo & Laura Maria Ferri, 2016. "Rethinking Microfinance for Developed Countries," Journal of International Development, John Wiley & Sons, Ltd., vol. 28(2), pages 281-302, March.
    • Handle: RePEc:wly:jintdv:v:28:y:2016:i:2:p:281-302
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    Cited by:

    1. Hoque, Md Mahfuzul & Kummer, Tyge-F. & Yigitbasioglu, Ogan, 2024. "How can blockchain-based lending platforms support microcredit activities in developing countries? An empirical validation of its opportunities and challenges," Technological Forecasting and Social Change, Elsevier, vol. 203(C).
    2. Farah NAZ & Sarah SALIM & Ramiz ur REHMAN & Muhammad Ishfaq AHMAD & Rizwan ALI, 2019. "Determinants of financial sustainability of microfinance institutions in Pakistan," Upravlenets, Ural State University of Economics, vol. 10(4), pages 51-64, September.
    3. Ambreen Khursheed, 2022. "Exploring the role of microfinance in women’s empowerment and entrepreneurial development: a qualitative study," Future Business Journal, Springer, vol. 8(1), pages 1-13, December.
    4. Enrico Bellazzecca & Olga Biosca, 2022. "Intended and unintended effects of specialized regulation on microfinance institutions’ double‐bottom line management," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 93(4), pages 977-999, December.
    5. Kar, Ashim Kumar & Rahman, Sanzidur, 2018. "Changes in total factor productivity and efficiency of microfinance institutions in the developing world: A non-parametric approach," Economic Analysis and Policy, Elsevier, vol. 60(C), pages 103-118.
    6. Ibrahim, Fatma & McHugh, Neil & Biosca, Olga & Baker, Rachel & Laxton, Tim & Donaldson, Cam, 2021. "Microcredit as a public health initiative? Exploring mechanisms and pathways to health and wellbeing," Social Science & Medicine, Elsevier, vol. 270(C).
    7. Arbolino, Roberta & Carlucci, Fabio & Cirà, Andrea & Yigitcanlar, Tan & Ioppolo, Giuseppe, 2018. "Mitigating regional disparities through microfinancing: An analysis of microcredit as a sustainability tool for territorial development in Italy," Land Use Policy, Elsevier, vol. 70(C), pages 281-288.
    8. Gregor Dorfleitner & Eva-Maria Oswald & Rongxin Zhang, 2021. "From Credit Risk to Social Impact: On the Funding Determinants in Interest-Free Peer-to-Peer Lending," Journal of Business Ethics, Springer, vol. 170(2), pages 375-400, May.

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