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The awareness of microfinance in developing economies and its impact


Microfinance has emerged as a boon giving concept for many developing countries and economies. It has shown the path of development and growth for these types of economies. Due to microfinance, many backward nations have also shown the signs of development.

This research study tries to investigate the awareness of microfinance in developing economies. It shows how these economies have incorporated microfinance in their financial system. The study shows the merits and drawbacks of microfinance for these economies.

For that purpose, primary data can be collected from officials of different micro-finance institutions operating in India.

Suggested readings

  • Zeller, M., & Sharma, M. (2000). Many borrows, more save, and all insure: implications for food and micro-finance policy. Food policy. 25(2). pp.143-167.

  • Pitt, M. M., Khandker, S. R., & Cartwright, J. (2006). Empowering women with micro finance: Evidence from Bangladesh. Economic Development and Cultural Change. 54(4) pp.791-831.

  • Khandker, S. R. (2003). Micro-finance and poverty: evidence using panel data from Bangladesh. World Bank Policy Research Working Paper. 2945.

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