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

15 Pages Posted: 24 Dec 2011 Last revised: 29 Oct 2014

Ahmed Mohamed Rostom

George Washington University - Economics Department; The World Bank

Date Written: 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.

Keywords: Access to Finance, Micro finance, Poverty Alleviation

JEL Classification: O12, E51

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: https://ssrn.com/abstract=1976585 or http://dx.doi.org/10.2139/ssrn.1976585

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

Paper statistics

Downloads
59
Rank
300,119
Abstract Views
356