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The Microfinance Industry

Author

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  • Sigurdur Gudjonsson

    (University of Akureyri)

Abstract

In this presentation the current stage of the microfinance industry will be described. The microfinance industry has increased drastically over the last few decades. It began as a handful of institutions in the late 1970´s but is now a growing market with thousands of institutions. Most of the microfinance institutions are in the developing countries, particularly in India, Pakistan and Bangladesh. Recently, however, microfinance institutions are being established in the developed world. In addition in the presentation, a history of past failure of subsidized loans is explained. Different but important contributions from Stiglitz and Yunnus are accounted for. Finally, the microfinance industry´s current state and potential future growth will be described.

Suggested Citation

  • Sigurdur Gudjonsson, 2018. "The Microfinance Industry," Proceedings of International Academic Conferences 8110448, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:8110448
    as

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    File URL: https://iises.net/proceedings/44th-international-academic-conference-vienna/table-of-content/detail?cid=81&iid=018&rid=10448
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    More about this item

    Keywords

    Microfinance; poverty; loans;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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