Publication:
Small Beginnings for Great 0pportunities: Lessons Learned from 20 years of Microfinance Projects in IFC

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dc.contributor.authorInternational Finance Corporation
dc.date.accessioned2015-04-27T21:44:20Z
dc.date.available2015-04-27T21:44:20Z
dc.date.issued2015
dc.description.abstractBy increasing access to finance for out-of-reach households and families, microfinance continues to be an essential tool for improving livelihoods at the base of the pyramid. The last 20 years have seen remarkable growth in the microfinance sector. From its early stages in small-scale microenterprise lending, through its commercial expansion to offer savings and a broad array of financial services to low-income customers, to its entry into new markets and incorporation of technological innovations, microfinance is ensuring that an ever-greater number of households have permanent access to a range of high-quality and affordable financial services. The microfinance industry is estimated at $60 to $100 billion globally, where several thousand microfinance organizations reach an estimated 200 million clients, most of whom were not previously served by the formal financial sector. However, 2.5 billion adults still lack access to formal financial services. Financial services for low-income people are an important factor when it comes to poverty reduction, as it enables them to build assets, increase incomes and reduce their vulnerability to economic stress. Moreover, microfinance continues to be an important tool when it comes to empowering women. IFC is the World Bank Group s main investor in microfinance, working with around 300 microfinance institutions (MFIs) and SME-focused financial institutions, which provide financial services in 91 countries. IFC is also one of the leading global investors in terms of volume. In fiscal year 2014, we committed $519 million in 43 projects with MFIs. Our cumulative investment portfolio in microfinance exceeded $3.5 billion, with outstanding commitments of $2.0 billion. In fiscal year 2014, IFC advisory services comprised $74.2 million, representing advisory assistance for 86 projects. This smart book, titled from small beginnings to great opportunities, presents practical lessons learned from the work that authors have been doing on microfinance projects over the last twenty years. From launching the Microfinance Enhancement Facility to help the industry stay afloat during the time of crisis, to working on a project to support microfinance clients to fulfill their housing dreams, these narratives are both engaging and insightful.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/01/24171745/small-beginnings-great-opportunities-lessons-learned-20-years-microfinance-projects-ifc
dc.identifier.doi10.1596/21795
dc.identifier.urihttps://hdl.handle.net/10986/21795
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relation.ispartofseriesIFC SmartLessons;
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderInternational Finance Corporation
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO FINANCIAL SERVICES
dc.subjectACCESS TO FINANCING
dc.subjectACCOUNTS RECEIVABLE
dc.subjectAFFILIATES
dc.subjectANTI-MONEY LAUNDERING
dc.subjectAUDITING
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK ASSETS
dc.subjectBANK CREDIT
dc.subjectBANK GUARANTEES
dc.subjectBANK LOAN
dc.subjectBANK LOANS
dc.subjectBANKING LAW
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBORROWING
dc.subjectBORROWINGS
dc.subjectBUSINESS LOANS
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL REQUIREMENT
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCAPITAL STRUCTURE
dc.subjectCASH FLOW
dc.subjectCENTRAL BANKS
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL REQUIREMENTS
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL LENDING
dc.subjectCONSOLIDATED FINANCIAL STATEMENTS
dc.subjectCONSUMER PROTECTION
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCONVENTIONAL BANK
dc.subjectCONVENTIONAL BANKS
dc.subjectCONVENTIONAL FINANCIAL INSTITUTIONS
dc.subjectCOUNTRY COMPARISONS
dc.subjectCREDIT BUREAU
dc.subjectCREDIT BUREAUS
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT INFORMATION SYSTEM
dc.subjectCREDIT LINES
dc.subjectCREDIT PROVIDERS
dc.subjectCREDIT REGISTRY
dc.subjectCREDIT REPORT
dc.subjectCREDIT REPORTING
dc.subjectCREDIT RISK
dc.subjectCREDIT SCORES
dc.subjectCREDITS
dc.subjectCREDITWORTHINESS
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNTS
dc.subjectCUSTOMER RELATIONSHIP
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT CENTER
dc.subjectDOCUMENTATION REQUIREMENTS
dc.subjectDONOR FUNDING
dc.subjectDONOR RESOURCES
dc.subjectDONOR SUPPORT
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIES OF SCALE
dc.subjectEMPLOYEE
dc.subjectEMPLOYER
dc.subjectEMPLOYERS
dc.subjectENTREPRENEURS
dc.subjectEQUITY REQUIREMENTS
dc.subjectEUROPEAN CENTRAL BANK
dc.subjectEXCHANGE RATE
dc.subjectEXTERNAL AUDITORS
dc.subjectFAIR LENDING
dc.subjectFINANCE COMPANIES
dc.subjectFINANCE COMPANY
dc.subjectFINANCIAL COSTS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL LEASING
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL REGULATOR
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SERVICE PROVIDERS
dc.subjectFINANCIAL SERVICES PROVIDERS
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFOREIGN ASSETS
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTMENTS
dc.subjectFORMAL FINANCIAL INSTITUTION
dc.subjectFORMAL FINANCIAL SECTOR
dc.subjectFORMAL FINANCIAL SERVICES
dc.subjectFREE LOANS
dc.subjectFUNDING SOURCES
dc.subjectGOVERNMENT FUNDING
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGUARANTORS
dc.subjectHOUSEHOLD WELFARE
dc.subjectHOUSEHOLDS
dc.subjectHOUSING LOANS
dc.subjectINCOME GROUP
dc.subjectINCOME STATEMENTS
dc.subjectINCOME TAX
dc.subjectINCOME-GENERATING PROJECT
dc.subjectINCOME-GENERATING PROJECTS
dc.subjectINDEBTEDNESS
dc.subjectINEQUALITIES
dc.subjectINEQUALITY
dc.subjectINFORMATION GAP
dc.subjectINFORMATION SHARING
dc.subjectINSIDER LENDING
dc.subjectINSURANCE
dc.subjectINSURANCE POLICY
dc.subjectINSURANCE SERVICES
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINVENTORY
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL PROVISION
dc.subjectLEGAL REQUIREMENT
dc.subjectLEGISLATION
dc.subjectLENDERS
dc.subjectLEVEL PLAYING FIELD
dc.subjectLIQUID ASSETS
dc.subjectLOAN
dc.subjectLOAN AMOUNT
dc.subjectLOAN AMOUNTS
dc.subjectLOAN CLASSIFICATION
dc.subjectLOAN CONTRACT
dc.subjectLOAN CONTRACTS
dc.subjectLOAN DELINQUENCY
dc.subjectLOAN DOCUMENTATION
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN PORTFOLIOS
dc.subjectLOAN PROCESSING
dc.subjectLOAN PROCESSING TIME
dc.subjectLOAN PROGRAM
dc.subjectLOAN PROVISIONING
dc.subjectLOAN RECOVERY
dc.subjectLOAN SIZE
dc.subjectLOAN TERMS
dc.subjectLOW-INCOME CONSUMERS
dc.subjectMARKET VALUE
dc.subjectMAXIMUM LOAN AMOUNT
dc.subjectMFI
dc.subjectMFIS
dc.subjectMICRO-ENTERPRISES
dc.subjectMICRO-LENDING
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTION
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMONETARY POLICY
dc.subjectMONEY LAUNDERING
dc.subjectMONEY TRANSFER
dc.subjectMONEY TRANSFERS
dc.subjectMOVABLE COLLATERAL
dc.subjectNEW ENTRANTS
dc.subjectOPERATING COSTS
dc.subjectOPERATIONAL COSTS
dc.subjectOUTREACH
dc.subjectOVERDRAFT
dc.subjectPAYMENT OBLIGATIONS
dc.subjectPAYMENT SERVICE
dc.subjectPOSTAL SAVING
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE LENDER
dc.subjectPRODUCTIVITY
dc.subjectPROFITABILITY
dc.subjectPROPENSITY TO SAVE
dc.subjectPROVIDERS OF CREDIT
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPRUDENTIAL REQUIREMENTS
dc.subjectPUBLIC CREDIT
dc.subjectPUBLIC FUNDS
dc.subjectREAL ESTATE
dc.subjectREGULATORY FRAMEWORK
dc.subjectREPAYMENT
dc.subjectREPAYMENT PERIOD
dc.subjectREPAYMENT RATES
dc.subjectRESERVE REQUIREMENT
dc.subjectRESOURCE ALLOCATION
dc.subjectRISK MANAGEMENT
dc.subjectRISK OF LOSS
dc.subjectSAVINGS
dc.subjectSAVINGS BEHAVIOR
dc.subjectSECURITIES
dc.subjectSMALL BUSINESSES
dc.subjectSMALL ENTERPRISES
dc.subjectSOCIAL RESPONSIBILITY
dc.subjectSOURCE OF CREDIT
dc.subjectSOURCES OF CREDIT
dc.subjectSOURCES OF FUNDS
dc.subjectSTOCK MARKET
dc.subjectSUBSIDIARIES
dc.subjectTAX EXEMPTIONS
dc.subjectTERMS OF LOAN
dc.subjectTRADE CREDITS
dc.subjectTRADE VOLUME
dc.subjectTRANSPARENT MARKET
dc.subjectUNEMPLOYMENT
dc.subjectUNFAIR COMPETITION
dc.subjectURBAN AREAS
dc.subjectUSURY
dc.subjectWHOLESALE FUNDING
dc.subjectWOMAN
dc.subjectWORKING CAPITAL
dc.titleSmall Beginnings for Great 0pportunitiesen
dc.title.subtitleLessons Learned from 20 years of Microfinance Projects in IFCen
dc.typeBooken
dc.typeLivrefr
dc.typeLibroes
dspace.entity.typePublication
okr.date.disclosure2015-03-19
okr.date.doiregistration2025-04-29T10:32:59.981360Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Brief
okr.docurlhttp://documents.worldbank.org/curated/en/2015/01/24171745/small-beginnings-great-opportunities-lessons-learned-20-years-microfinance-projects-ifc
okr.globalpracticeFinance and Markets
okr.guid406041468126882907
okr.identifier.externaldocumentum000333037_20150319104134
okr.identifier.internaldocumentum24171745
okr.identifier.report95037
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/03/19/000333037_20150319104134/Rendered/PDF/950370WP00PUBL0book0SB0Microfinance.pdfen
okr.topicInternational Economics and Trade::External Debt
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Access to Finance
okr.unitMicrofinance - FIG (CFGMF)
relation.isSeriesOfPublication99147cd6-fa98-4a58-b3e7-81af3f4ffd98
relation.isSeriesOfPublication.latestForDiscovery99147cd6-fa98-4a58-b3e7-81af3f4ffd98
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