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dc.titleMicrofinance in the Caribbean: How to Go Further
dc.contributor.authorWestley, Glenn D.
dc.contributor.orgunitInstitutions for Development Sector
dc.contributor.orgunitSustainable Development Department
dc.coverageBelize
dc.coverageGuyana
dc.coverageJamaica
dc.coverageThe Caribbean
dc.coverageLatin America
dc.date.available2011-08-14T00:00:00
dc.date.issue2005-09-19T00:00:00
dc.description.abstractThis paper discusses microfinance institutions (MFIs) in the Caribbean. It argues that the reason they have lagged is fundamentally explained by factors internal to the MFIs, rather than external to them. The paper introduces four Caribbean MFIs, two with track records of low loan delinquency rates and two with track records of high loan delinquency rates, and analyzes their lending methodology. The paper concludes that Caribbean MFIs can become profitable, successful financial institutions by making changes to their internal policies and procedures. This is a very empowering conclusion, for it says that Caribbean MFIs need not wait for someone else to remedy external difficulties. They can be successful by changing their own practices. The second half of the paper goes on to analyze the kinds of changes that are needed for Caribbean MFIs to become successful.
dc.format.extent41
dc.identifier.doihttp://dx.doi.org/10.18235/0009204
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Microfinance-in-the-Caribbean-How-to-Go-Further.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectMicrobusiness
dc.subjectCrime and Violence
dc.subjectBest Practices
dc.subjectFinancial Service
dc.subject.keywordsMicrofinance in the Caribbean: How to Go Further. MSM-129; MSM2005-07;Banks and banking
dc.typeTechnical Notes
idb.identifier.pubnumberTechnical Notes
idb.operationNot available
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