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Mainstreaming Microfinance: How lending to the poor began, grew, and came of age in Bolivia

Mainstreaming Microfinance: How Lending to the Poor Began, Grew and Came of Age in Bolivia

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4.85
65,707 ratings · 5,813 reviews
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Mainstreaming Microfinance: How lending to the poor began, grew, and came of age in Bolivia

Mainstreaming Microfinance: How Lending to the Poor Began, Grew and Came of Age in Bolivia

4.85 65,707 ratings · 5,813 reviews
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Overview: * Tells the success story of how microfinance in Latin America lifted whole populations into the financial mainstream* Offers a non-technical, in-depth analysis of the microlending debateSome people tout microfinance as the most important tool now available for fighting poverty while still others doubt its contribution to the "truly" poor. This volume offers a reasoned, moderate voice on the virtues and problems of microfinance. Drawing on the success story of Bolivia, Rhyne traces the transformation of NGOs into formal financial institutions, and examines microfinance under the conditions of commercialization and competition that have altered the dynamics of the new industry.Using participant interviews, Beth Rhyne details how Bolivia 's special breed of social entrepreneurs found the keys to unlock the huge unmet demand of informal clients. She explores how these social activists shaped the character of the institutions that now dominate Bolivia 's microfinance sector, and traces how these institutions proved that lending to microenterprises could become a commercial business. Rhyne investigates the transformation of NGOs into formal financial institutions, led by the creation of BancoSol, and closely examines microfinance under the conditions of commercialization and competition that have altered the dynamics of the new industry.

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Published May, 2001
ISBN 2041458
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Elisabeth Rhyne
About the Author
Elisabeth Rhyne
11,486 Followers

After spending years working in the corporate world, Elisabeth Rhyne finally decided to pursue a lifelong passion for writing. They currently reside in a quiet suburb where they spend most of their time outlining new stories, reading extensively, and occasionally attempting to bake.

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Dorothy Lee
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Exceeded all my expectations. I adored how the story unfolded. It kept me captivated without sacrificing elegance. I am now a lifelong fan of this author.
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Masterpiece from start to finish. I became deeply invested in the protagonist's journey. A masterclass in storytelling. I am now a lifelong fan of this author.
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