Microfinance - A Way Forward

11 Pages Posted: 9 Nov 2008

See all articles by Thankom Gopinath Arun

Thankom Gopinath Arun

University of Central Lancashire

David Hulme

University of Manchester - Institute for Development Policy and Management (IDPM)

Date Written: October 2008


This paper identifies key processes shaping the microfinance sector in the coming decades. The paper examines the geography of microfinance, highlighting differing evolution patterns and challenges across the world. It looks at the widespread adoption of a financial systems approach in the microfinance sector.

This is set to continue because of two main processes: a shift in focus from poverty-lending towards financial service provision; and the involvement of formal banks in microfinance. The paper looks at the increasing focus on graduation programmes to support ultra-poor people, linking microfinance to social protection and other services. It outlines the great potential of new, low-cost ICT products to enable the development of new microfinance services. Finally, the need to regulate microfinance is discussed.

Keywords: Microinsurance, Microfinance, Commercialisation

Suggested Citation

Arun, Thankom Gopinath and Hulme, David, Microfinance - A Way Forward (October 2008). Brooks World Poverty Institute Working Paper No. 54, Available at SSRN: https://ssrn.com/abstract=1297187 or http://dx.doi.org/10.2139/ssrn.1297187

Thankom Gopinath Arun (Contact Author)

University of Central Lancashire ( email )

United Kingdom

David Hulme

University of Manchester - Institute for Development Policy and Management (IDPM) ( email )

Manchester M13 9GH
United Kingdom

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