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Exploring the Role of Microfinance in Emerging Nations

Exploring the Role of Microfinance in Emerging Nations

Kijpokin Kasemsap
Copyright: © 2018 |Pages: 20
ISBN13: 9781522527008|ISBN10: 1522527001|EISBN13: 9781522527015
DOI: 10.4018/978-1-5225-2700-8.ch009
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MLA

Kasemsap, Kijpokin. "Exploring the Role of Microfinance in Emerging Nations." Financial Entrepreneurship for Economic Growth in Emerging Nations, edited by Atsede Woldie and Brychan Thomas, IGI Global, 2018, pp. 174-193. https://doi.org/10.4018/978-1-5225-2700-8.ch009

APA

Kasemsap, K. (2018). Exploring the Role of Microfinance in Emerging Nations. In A. Woldie & B. Thomas (Eds.), Financial Entrepreneurship for Economic Growth in Emerging Nations (pp. 174-193). IGI Global. https://doi.org/10.4018/978-1-5225-2700-8.ch009

Chicago

Kasemsap, Kijpokin. "Exploring the Role of Microfinance in Emerging Nations." In Financial Entrepreneurship for Economic Growth in Emerging Nations, edited by Atsede Woldie and Brychan Thomas, 174-193. Hershey, PA: IGI Global, 2018. https://doi.org/10.4018/978-1-5225-2700-8.ch009

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Abstract

This chapter explains the overview of microfinance; the efficiency of microfinance institutions (MFIs) and sustainability; microfinance and interest rates; microfinance and information technology (IT); microfinance, social capital, trust, and repayment rates; microfinance and health care; informal microfinance institutions (IMFIs) and tourism entrepreneurship; and the importance of microfinance in emerging nations. Financial services provide a method for people and businesses to obtain credit and manage available assets on a continuous basis. Microfinance has a significant role in bridging the gap between formal financial institutions and rural poor households. MFIs can access financial resources from banks and other financial institutions and provide financial services to poor households. The chapter argues that promoting microfinance has the potential to enhance financial performance and reach economic goals in emerging nations.

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