Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). (c) Oxford University Press, 2015. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy).

date: 23 November 2017

Abstract and Keywords

The microfinance industry has every sign of an innovation in its take-off phase. The characteristic aspects of the microfinance innovation were developed in the 1970s and 1980s; thirty years later the industry experienced a phenomenal growth rate, and it has diffused to most developing countries in the world. This article looks at microfinance as an entrepreneurial activity in its own right, contributing to the development of small and medium-size firms in developing countries. It traces the innovations in microfinance, for instance, group lending, loans to women, and their financing, and it asks whether the business model implied is sustainable once diffusion has gone far, competition enters, and customers enter higher income levels.

Keywords: microfinance innovation, developing countries, small firms, medium-size firms, group lending, business models, high income

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.