The New World of Microenterprise Finance
Building Healthy Financial Institutions for the Poor
Paperback: 978 1 56549 030 7
Price: $29.95  

Publisher: Kumarian Press
March 1994 , 318 pp., 6" x 9"
* 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.

Table of Contents:
Part I Principles and Institutions for Microenterprise Finance; 1) Financial Services for Micro enterprise: Principles and Institutions – Elisabeth Rhyne and Maria Otero; 2) Savings Mobilization and Microenterprise Finance: The Indonesian Experience – Marguerite S. Robinson; 3) Principles of Regulation and Prudential Supervision and Their Relevance for Microenterprise Finance Organizations – Rodrigo A. Chaves and Claudio Gonzalez-Vega; 4) The Process of Institutional Development: Assisting Small Enterprise Institutions Become More Effective – Elaine L. Edgcomb and James Cawley; 5) The Evolution of Nongovernmental Organizations Toward Financial Intermediation – Maria Otero; 6) A New View of Finance Program Evaluation – Elisabeth Rhyne; Part II Methodologies for Microenterprise Finance; 7) The Solidarity Group Experience Worldwide – Shari Berenbach and Diego Guzman; 8) Credit Unions: A Formal-Sector Alternative for Financing Microenterprise Development – John H. Magill; 9) The Village Bank Methodology: Performance and Prospects – Sharon L. Holt; 10) Transformation Lending: Helping Microenterprises Become Small Businesses – Larry R. Reed and David R. Befus; Part III A Closer Look at Successful Microenterprise Finance Experiences; 11) Bank Rakyat Indonesia’s Unit Desa System: Achievements and Replicability – James J. Boomgard and Kenneth J. Angell; 12) The Creation of BancoSol in Bolivia – Amy J. Glosser; 13) The Association of Solidarity Groups of Colombia: Governance and Services – Arelis Gomez Alfonso with Nan Borton and Carlos Castello; 14) The Juhudi Credit Scheme: From a Traditional Integrated Method to a Financial System Approach – Albert Kimanthi Mutua


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Reviews & Endorsements:
"Reviews some of the most innovative work currently under way...The major theme is that viable, self-sustaining financial intermediaries can be created to service a low-income microenterprise clientele. Essential to this effort is not subsidized credit but rather a focused strategy to mobilize domestic savings, adoption of market rates of interest, and promotion of innovative lending practices and new organizational designs."
- Douglas H. Graham, Ohio State University