LEADER 04927nam 2200709Ia 450 001 9910953720103321 005 20251117115728.0 010 $a1-280-08515-0 010 $a9786610085156 010 $a1-4175-5219-0 024 7 $a10.1596/0-8213-5967-3 035 $a(CKB)111098478195454 035 $a(OCoLC)70773189 035 $a(CaPaEBR)ebrary10067179 035 $a(SSID)ssj0000086857 035 $a(PQKBManifestationID)11110431 035 $a(PQKBTitleCode)TC0000086857 035 $a(PQKBWorkID)10031329 035 $a(PQKB)10230939 035 $a(MiAaPQ)EBC3050740 035 $a(Au-PeEL)EBL3050740 035 $a(CaPaEBR)ebr10067179 035 $a(CaONFJC)MIL8515 035 $a(The World Bank)ocm56559477 035 $a(US-djbf)13718304 035 $a(BIP)46127626 035 $a(BIP)11067247 035 $a(EXLCZ)99111098478195454 100 $a20040914d2004 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aFinancial sector policy and the poor $eselected findings and issues /$fPatrick Honohan 205 $a1st ed. 210 $aWashington, DC $cWorld Bank$d2004 215 $avii, 77 pages $cillustrations ;$d26 cm 225 1 $aWorld Bank working paper ;$v43 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a0-8213-5967-3 320 $aIncludes bibliographical references. 327 $aIntro -- Contents -- Abstract -- Acknowledgments -- 1. Introduction -- 2. Microfinance Penetration -- Non-uniform Development of Microfinance Across Countries -- Microfinance is Too Small to Threaten the Mainstream -- 3. Is Microfinance Different to the Mainstream? -- Differences Related to Scale, Style, and Subsidy -- What Prevents Microfinance from Expanding to Full Potential? -- 4. Impact -- Microfinance Impact: Alleviation More than Escape -- More Developed Mainstream Financial Systems are Associated with Less Poverty -- Poverty Gap Data Highlights the Need for Deeper Mainstream Finance in Africa -- 5. Protecting the Vulnerable -- Predatory Lending-The Liberal's Usury -- Combating Prejudice and Discrimination -- 6. Concluding Remarks -- APPENDIXES -- A Microfinance Penetration -- B MFI Scale and Profitability -- C Poverty Rates and Financial Depth -- D Predatory Lending -- LIST OF TABLES -- 1a MFI Penetration Rates-Top Countries -- 1b Borrowing Clients at "Alternative Financial Institutions" -- A1 Explaining MFI Penetration (Total Population) -- A2 Explaining MFI Penetration (Poor Population) -- B1 Sustainability, Size, and Focus -- B2 Return on Assets, Size, and Focus -- C1 Poverty and Financial Depth -- C2 Poverty and Financial Depth (Alternative Samples) -- C3 Poverty and Financial Depth (Additional Variables) -- LIST OF FIGURES -- 1a MFI Penetration -- 1b Credit Penetration by "Alternative Financial Institutions" -- 2 MFI Penetration of Total and Poor Population -- 3 Penetration by Region (Clients) -- 4 Penetration by Region (Assets) -- 5 MFI Penetration and the Poverty Headcount -- 6 National Poverty Gaps Plotted Against the Size of Mainstream Finance. 330 $aWith the huge global enthusiasm for microfinance, many policymakers and NGOs are unaware that mainstream financial sector development is just as important for poverty reduction. It is often thought that promoting specialized microfinance institutions is the best or only way forward, but a strong mainstream financial system is also pro-poor; perhaps even more so. The author of Financial Sector Policy and the Poor finds that the scale of microfinance remains very small, the contrasts in style between micro and mainstream finance have been exaggerated, and evidence for the pro-poor effectiveness of microfinance is much weaker than is often supposed. He argues that the roles played by microfinance and mainstream finance in tackling poverty should be regarded as complementary and overlapping rather than as competing alternatives. This title presents new cross-country empirical evidence as on how financial sector policy can help the poor. In addition, this title reviews the scale, style, and effectiveness of the microfinance sector in comparison with mainstream finance. 410 0$aWorld Bank working paper ;$vno. 43. 606 $aMicrofinance$zDeveloping countries 606 $aFinancial institutions$zDeveloping countries 606 $aFinance$xGovernment policy$zDeveloping countries 606 $aPoor$zDeveloping countries 615 0$aMicrofinance 615 0$aFinancial institutions 615 0$aFinance$xGovernment policy 615 0$aPoor 676 $a332 700 $aHonohan$b Patrick$0291895 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910953720103321 996 $aFinancial sector policy and the poor$94474044 997 $aUNINA