DRN Vol. 39 No.3
'Reexamine SHS Programs Employment and Entrepreneurial Objectives'
Regulatory Impact Assessment Adoption Determinants: A Diagnostic Framework
Exploring Responses to the Employment Impact of Excise Tax Reform: The Case of the Philippine Tobacco Industry
Mapping Out Employment Opportunities in the Cultural Heritage Sector A Strategic Framework

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Publication Detail
FDC 1998-02: Effects on Microfinance of the 1997-98 Asian Financial Crisis

This docment summarizes the results of surveys done through the network of the 'Banking with the poor' project in nine countries in South and Southeast Asia. Follow-up interviews were also conducted with microfinance practitioners, commercial bankers, policy-makers, researchers and donor agencies in Bangladesh, Indonesia, Philippines and Thailand. Results indicate an immediate impact of increased poverty as numbers of potential microfinance borrowers increased. Other early indications of the impact of the crisis include: * Largest impact is on microfinance institutions in Indonesia; * Overall weakening of financial institutions and systems; * Fallen profitability of microfinance institutions because of increased competition and reduced demand for microentrepreneur outputs; * Greatest effect on microfinance institutions serving small business clients rather than the poor; * Fewer government resources for poverty alleviation programmes. Impact on repayment rates, interest rates, and policy environment are also considered in various country contexts.

PinoyME Foundation
Authors Keywords
Conroy, John D.; McGuire, Paul B.; microfinance; Asian financial crisis;
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Published in 1998 and available in the FDC or Downloaded 349 times since November 25, 2011
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