Microfinance 3.0

1. Front Matter

   Pages I-XI

   PDF

2. Microfinance in India: Lessons from the Andhra Crisis

   • Vijay Mahajan, T. Navin

   Pages 1-12Open Access

   PDF

3. Armageddon or Adolescence? Making Sense of Microfinance’s Recent Travails

   • David Roodman

   Pages 13-40Open Access

   PDF

4. Core Values of Microfinance Under Scrutiny: Back to Basics?

   • Reinhard H. Schmidt

   Pages 41-67Open Access

   PDF

5. Microcredit Interest Rates and Their Determinants: 2004–2011

   • Richard Rosenberg, Scott Gaul, William Ford, Olga Tomilova

   Pages 69-104Open Access

   PDF

6. Financial Services That Clients Need: The 3.0 Business Models, Reconciling Outreach with Sustainability

   • Robert Peck Christen

   Pages 105-122Open Access

   PDF

7. “Microfinance 3.0” – Perspectives for Sustainable Financial Service Delivery

   • Matthias Adler, Sophie Waldschmidt

   Pages 123-137Open Access

   PDF

8. Microfinance Beyond the Standard? Evaluating Adequacy and Performance of Agricultural Microcredit

   • Ron Weber

   Pages 139-153Open Access

   PDF

9. The Role of DFls in the Emerging 3.0 Responsible Funding Landscape – Responsible Corporate Governance and Beyond

   • Klaus Maurer

   Pages 155-180Open Access

   PDF

10. The Microfinance Approach: Does It Deliver on Its Promise?

    • Eva Terberger

    Pages 181-195Open Access

    PDF

11. Back Matter

    Pages 197-199

    PDF

This book focuses on the achievements, current trends and further potential of microfinance to scale-up and serve many more clients with financial services that enable them to improve their living conditions. The book asks what it takes to achieve sustainable impact: to know your clients and to understand their needs, to treat them in a fair and transparent way, and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds light on the future funding landscape and what is necessary to bring more commercial funders on board while ensuring that these new funders will continue the commitment to responsible finance. While being forward looking, the book reflects the debate on core values of microfinance, triggered by recent criticisms of an approach that was hailed as a panacea in the beginning and which had proved over time as one of the most effective models of development finance. These criticisms emerged over signs of overheating in some markets, particularly the 2010 events in Andhra Pradesh, and turned into an assumption of a worldwide microfinance crisis, putting seriously at stake the good reputation microfinance had enjoyed so far.

• Development Finance
• Good Corporate Governance
• Interest Rates
• Microfinance
• Sustainability
• Sustainable Development

• Senior Vice President Africa and Middle East, KfW Entwicklungsbank, Frankfurt am Main, Germany

  Doris Köhn

Policies and ethics