The Handbook of Microfinance

World Scientific Publishing

11 Pages Posted: 4 Aug 2011

See all articles by Beatriz Armendariz

Beatriz Armendariz

Harvard University; University College London; Université Libre de Bruxelles (ULB) - CERMi (Centre for European Research in Microfinance)

Marc Labie

Université de Mons

Date Written: April 28, 2011


The Handbook of Microfinance showcases an expansive collection of works from leading academics and field practitioners. In an attempt to understand the enormous gap between the limited number of clients that are currently benefiting from microfinance services, and the huge number of potential clients that are not, the selected contributions in this comprehensive handbook have one common thread: the prevailing mismatch between demand by clients of microfinance institutions and potential clients selecting themselves out for their demand for a wider array of financial products which is not being met.

The scope of the book is wide, and explores successes and failures, main challenges and debates, methodologies for impact evaluation via random trials, leading trends in Asia versus Latin America, main efforts in Africa, the importance of value chains in Central America, ethical and gender issues, savings, microinsurance, governance, commercialization trends and the potential advantages and disadvantages of it. This exhaustive Handbook also features main lessons from informal finance and 19th-century credit cooperatives addressing the above-mentioned mismatch.

Keywords: Microfinance, Poverty, Microcredit, Informal Markets, Microsavings, Microinsurance, Social Responsibility, Randomized Impact Evaluations, Ethics, Gender, South Asia, Latin America, Africa

Suggested Citation

Armendariz, Beatriz and Labie, Marc, The Handbook of Microfinance (April 28, 2011). World Scientific Publishing, Available at SSRN:

Beatriz Armendariz (Contact Author)

Harvard University ( email )

1875 Cambridge Street
Cambridge, MA 02138
United States

University College London ( email )

Gower Street
London, WC1E 6BT
United Kingdom

Université Libre de Bruxelles (ULB) - CERMi (Centre for European Research in Microfinance) ( email )

Campus du Solbosch
Avenue F.D. Roosevelt 21 - CP145/1
B-1050 Brussels

Marc Labie

Université de Mons ( email )

20 Place du Parc
B - 7000 - Mons, B7000

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