Download this Paper Open PDF in Browser

Financial Crisis: Lessons from Microfinance

Strategic Change: Briefings in Entrepreneurial Finance, Vol. 20, Nos. 5/6, pp. 187-203, 2011

20 Pages Posted: 15 Dec 2010 Last revised: 4 Jan 2014

Dinos Constantinou

Microfinance Strategy

Arvind Ashta

CEREN EA 7477 Burgundy School of Business - Université Bourgogne Franche-Comté

Date Written: August 7, 2010

Abstract

The paper explains why microfinance institutions require more rather than less funding during periods of financial crisis. After briefly describing the rapid expansion of microfinance as a distinct market segment, the paper explains the impact of a financial crisis in the economy on microfinance institutions based on experiences in Russia, Indonesia, Ecuador, Bolivia and Argentina. The analysis focuses on the case of Bolivia to probe further into the causes and lessons of the crisis. Other work in this field is also indicated. Finally, the paper offers recommendations for crisis management to microfinance institutions and draws general conclusions for the broader microfinance sector.

Keywords: Economic crisis, management, microcredit, microfinance, history, Latin America

JEL Classification: B29, D2, E3,G2, G3, M1

Suggested Citation

Constantinou, Dinos and Ashta, Arvind, Financial Crisis: Lessons from Microfinance (August 7, 2010). Strategic Change: Briefings in Entrepreneurial Finance, Vol. 20, Nos. 5/6, pp. 187-203, 2011. Available at SSRN: https://ssrn.com/abstract=1724526

Dinos Constantinou

Microfinance Strategy ( email )

Avenue Edouard-Dapples 23
Lausanne, CH-1006
Switzerland
+41786155822 (Phone)

HOME PAGE: http://www.mfstrategy.com

Arvind Ashta (Contact Author)

CEREN EA 7477 Burgundy School of Business - Université Bourgogne Franche-Comté ( email )

29 rue Sambin
21000 Dijon
France

Paper statistics

Downloads
285
Rank
91,218
Abstract Views
1,231