Microfinance in Africa: Experience and Lessons From Selected African Countries

By Rodolphe Blavy, Anupam Basu, Murat Â Yulek

September 1, 2004

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Rodolphe Blavy, Anupam Basu, and Murat Â Yulek. Microfinance in Africa: Experience and Lessons From Selected African Countries, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Based on the experience of selected countries, this paper offers a critical presentation of the development of the microfinance sector in Africa. The paper supports the view that microfinance institutions, especially those engaged in full financial intermediation, complement effectively the banking sector in extending financial services and successfully draw on the rich experience of community-based development and preexisting informal methods of financial intermediation in Africa. Growing linkages between microfinance institutions and the banking system and the dissemination of good practices by nongovernment organizations contribute to the sound development of the sector, supported by regulation and supervision by local authorities.

Subject: Banking, Commercial banks, Credit, Financial institutions, Financial services, Loans, Microfinance, Money, Nonbank financial institutions

Keywords: A number of mfis, Africa, Bank regulation, Commercial banks, Credit, Donor-managed microfinance project, Loans, MFI operation, Mfis to client, Microcredit, Microfinance, Microfinance activity, Microfinance bank, Microfinance law, Microfinance sector, Microfinance service, Nonbank financial institutions, Savings, Service poor, Sub-Saharan Africa, Variety of microfinance institutions, WP

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2004/174
Stock No:

WPIEA1742004
ISBN:

9781451858723
ISSN:

1018-5941

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