Abstract

http://ssrn.com/abstract=1976585
 


 



Factors Leading to the Malfunctioning of Credit Markets in Less-Developed Economies and the Role of Microfinance Institutions in Poverty Alleviation


Ahmed Mohamed Rostom


George Washington University - Economics Department; The World Bank

June 15, 2009


Abstract:     
This mimeo discusses the relative significance of Microfinance to the poor in developed Economies. We analyse different vehicles of microfinance to the poor in less developed Countries (LDCs hereafter). The analysis also covers a global overview for Microfinance activity, and the dominant factors leading to the malfunction of credit lending in the LDCs and its contribution to the persistence of poverty. It concludes with an emphasis on the role of microfinance institutions in availing credit and the importance of innovative perspectives in dealing with conventional hurdles.

Number of Pages in PDF File: 15

Keywords: Access to Finance, Micro finance, Poverty Alleviation

JEL Classification: O12, E51

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Date posted: December 24, 2011 ; Last revised: October 29, 2014

Suggested Citation

Rostom, Ahmed Mohamed, Factors Leading to the Malfunctioning of Credit Markets in Less-Developed Economies and the Role of Microfinance Institutions in Poverty Alleviation (June 15, 2009). Available at SSRN: http://ssrn.com/abstract=1976585 or http://dx.doi.org/10.2139/ssrn.1976585

Contact Information

Ahmed Mohamed Rostom (Contact Author)
George Washington University - Economics Department ( email )
2121 I Street NW
Washington, DC 20052
United States
The World Bank ( email )
1818 H Street, NW
Washington, DC 20433
United States
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