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The new moneylenders: Are the poor being exploited by high microcredit interest rates?

In: Moving Beyond Storytelling: Emerging Research in Microfinance

Author

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  • Richard Rosenberg
  • Adrian Gonzalez
  • Sushma Narain

Abstract

Over the past two decades, institutions that make microloans to low-income borrowers in developing and transition economies have focused increasingly on making their lending operations financially sustainable by charging interest rates that are high enough to cover all their costs. They argue that doing so will best ensure the permanence and expansion of the services they provide. Sustainable (i.e., profitable) microfinance providers can continue to serve their clients without needing ongoing infusions of subsidies and can fund exponential growth of services for new clients by tapping commercial sources, including deposits from the public.

Suggested Citation

  • Richard Rosenberg & Adrian Gonzalez & Sushma Narain, 2009. "The new moneylenders: Are the poor being exploited by high microcredit interest rates?," Contemporary Studies in Economic and Financial Analysis, in: Moving Beyond Storytelling: Emerging Research in Microfinance, pages 145-181, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:csefzz:s1569-3759(2009)0000092008
    DOI: 10.1108/S1569-3759(2009)0000092008
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    Cited by:

    1. Sajeda Pervin & Mohammad Nazari Ismail & Abu Hanifa Md Noman, 2023. "Does Microfinance Singlehandedly Empower Women? A Case Study of Bangladesh," SAGE Open, , vol. 13(2), pages 21582440221, May.

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