Microfinance in marginal and upland areas

Arbeitspapier

Microfinance comprises microsavings, microcredit and other financial services such as microinsurance and microleasing. Small amounts of savings are col-lected: daily, weekly, at market days, after harvests or irregularly. They are then transformed into microloans which are repaid in microinstalments: this is micro-credit. I call any institution that provides such microfinancial services a microfi-nance institution. This includes financial self-help groups, savings and credit co-operatives, rural banks, branches of Agricultural Development Banks and some commercial banks, furthermore moneylenders, deposit collectors, credit NGOs and rotating savings and credit associations. A small number of them is donor-supported. Sustainable rural financial institutions are a prerequisite of sustain-able rural development in any country and any region.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 1999,11

Classification and Topics

• Classification: Wirtschaft

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Seibel, Hans Dieter
• Event: Veröffentlichung
• (who): Universität zu Köln, Arbeitsstelle für Entwicklungsländerforschung (AEF)
• (where): Köln
• (when): 1999

Further information

• Handle: http://hdl.handle.net/10419/23685
• Last update: 10.03.2025, 11:43 AM CET