Microfinance in Africa Experience and Lessons From Selected African Countries

Based on the experience of selected countries, this paper offers a critical presentation of the development of the microfinance sector in Africa. The paper supports the view that microfinance institutions, especially those engaged in full financial intermediation, complement effectively the banking...

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Bibliographic Details
Main Author: Blavy, Rodolphe
Other Authors: Basu, Anupam, Yulek, Murat
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Microfinance in Africa  |b Experience and Lessons From Selected African Countries  |c Rodolphe Blavy, Anupam Basu, Murat Yulek 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2004 
300 |a 24 pages 
651 4 |a Ghana 
653 |a Credit 
653 |a Nonprofit Institutions 
653 |a Microfinance 
653 |a Banks 
653 |a Finance 
653 |a Industries: Financial Services 
653 |a Banks and banking 
653 |a Financial services 
653 |a Saving and Capital Investment 
653 |a Ngos 
653 |a Mortgages 
653 |a Economic Development: Financial Markets 
653 |a Money 
653 |a Informal Economy 
653 |a Social Entrepreneurship 
653 |a Banking 
653 |a Depository Institutions 
653 |a Commercial banks 
653 |a Institutional Investors 
653 |a Pension Funds 
653 |a Monetary economics 
653 |a Financial institutions 
653 |a Financial Instruments 
653 |a Micro Finance Institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Non-bank Financial Institutions 
653 |a Loans 
653 |a Nonbank financial institutions 
653 |a Banks and Banking 
653 |a Financial services industry 
653 |a Underground Econom 
653 |a Money and Monetary Policy 
653 |a Corporate Finance and Governance 
700 1 |a Basu, Anupam 
700 1 |a Yulek, Murat 
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520 |a Based on the experience of selected countries, this paper offers a critical presentation of the development of the microfinance sector in Africa. The paper supports the view that microfinance institutions, especially those engaged in full financial intermediation, complement effectively the banking sector in extending financial services and successfully draw on the rich experience of community-based development and preexisting informal methods of financial intermediation in Africa. Growing linkages between microfinance institutions and the banking system and the dissemination of good practices by nongovernment organizations contribute to the sound development of the sector, supported by regulation and supervision by local authorities