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| | | Titre | Maccroeconomic Challenges of Microfinance | | Auteur | Sebastian Dullien | | Thème | Financial Sector Development | | Date de publication | 2011 | | Éditeur | Economic Policy Research Centre (EPRC) | | Nombre de pages | 04 pages | | Langue | English | | Couverture géographique | Africa, Uganda | | Mots clés | Macroenomic, Microfinance, Interest rates, Investment | | Résumé | Microfinance has been one of the boom sectors in development cooperation over the past years. At times, it was almost seen as a panacea for development. After a number of large-scale projects had failed over the 1960s and 1970s, microfinance was seen to have a number of advantages over traditional approaches of official development aid: First, as funds were disbursed at a decentralized level, political economy problems of planning and implementing projects centrally should be avoided. Second, as a microcredit is to be seen different from a grant, but has to be repaid, it was assumed to motivate people who had remained mostly passive to take the initiative themselves. Third, as a market-based instrument, it was hoped to create entrepreneurial spirit in the population which might trigger a sustained increase in economic activity. | | Détenteur du copyright | Economic Policy Research Centre (EPRC) | | Copyright URL | http://www.eprc.or.ug | | Taille du fichier | 824518 MB | | Format du fichier | PDF | | [ Voir/télécharger document ] |
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