The new world of microenterprise finance : building healthy financial institutions for the poor

*Deals with microfinance in Asia, Africa, and Latin America *Outlines successful programs such as: the Bank Rakyat Indonesia (BRI); BancoSol in Bolivia; the Association of Solidarity Groups in Colombia; and the Kenya Rural Enterprise Program Otero and Rhyne introduce an innovative direction for microenterprise finance arguing that one can create viable and self-sustaining financial intermediaries that will give the poor greater access to financial services.

This book argues that it is possible to create sustainable and viable financial institutions that give poor people greater access to financial services. Includes case studies of successful programmes from Asia, Africa and Latin America.

• Foreword, Mary Houghton / vii
• Acknowledgments I ix
• Contributors / xi
• Abbreviations / xv
• Introduction / 1
• Part I Principles and Institutions for Microenterprise Finance / 9
• 1 Financial Services for Microenterprises: Principles and Institutions / l l
• Elisabeth Rhyne and Maria Otero
• 2 Savings Mobilization and Microenterprise Finance: The Indonesian
• Experience / 27
• Marguerite S. Robinson
• 3 Principles of Regulation and Prudential Supervision and Their
• Relevance for Microenterprise Finance Organizations / 55
• Rodrigo A. Chaves and Claudio Gonzalez-Vega
• 4 The Process of Institutional Development: Assisting Small Enterprise
• Institutions Become More Effective / 76
• Elaine L. Edgcomb and James Cawley
• 5 The Evolution of Nongovernmental Organizations Toward Financial
• Intermediation / 94
• Maria Otero
• 6 A New View of Finance Program Evaluation / 105
• Elisabeth Rhyne
• Part II Methodologies for Microenterprise Finance / 117
• 7 The Solidarity Group Experience Worldwide / 119
• Shari Berenbach and Diego Guzmayi
• 8 Credit Unions: A Formal-Sector Alternative for Financing
• Microenterprise Development / 140
• John H. Magill
• 9 The Village Bank Methodology: Performance and Prospects / 156
• Sharon L. Holt
• 10 Transformation Lending: Helping Microenterprises Become Small
• Businesses / 185
• Larry R. Reed and David R. Befus
• vi THE NEW WORLD OF MICROENTERPRISE FINANCE
• Part III A Closer Look at Successful Microenterprise Finance
• Experiences / 205
• 11 Bank Rakyat Indonesia's Unit Desa System: Achievements and
• Replicability / 206
• James J. Boomgard and Kenneth }. Angell
• 12 The Creation of BancoSol in Bolivia / 229
• Amy ]. Glosser
• 13 The Association of Solidarity Groups of Colombia. Governance and
• Services / 251
• Arelis G6mez Alfonso with Nan Borton and Carlos Castello
• 14 The Juhudi Credit Scheme: From a Traditional Integrated Method to
• a Financial Systems Approach / 268
• Albert Kimanthi Mutua
• Bibliography / 277
• Index I 295