Kurs:Microfinance/Reader

Lesson 1 - Microfinance: what's it all about?

• V.Mahajan, Is Microcredit the Answer to Poverty Eradication? 2000. [1]
• T.Dichter, Hype and Hope: The Worrisome State of the Microcredit Movement, 2005 [2]
• H.D.Seibel, Does history matter? The old and new world of microfinance in Europe and Asia, 2005 [3]

Lesson 2 - What's wrong with government credit schemes?

• J.Yaron et al., Rural Finance: Issues, Design and Best Practices: Part One, World Bank 1997 [4]
• E.Coffey, Agricultural Finance: Getting the Policies Right: Part One, FAO 1998 [5]
• H.D.Seibel, From Cheap Credit to Easy Money: How to Undermine Rural Finance and Development, 1994 [6]

Lesson 3 - The importance of savings

• S.Rutherford, A Critical Typology of Financial Services for the Poor: Section 1, 1996 [7]
• S.Rutherford, The Economics of Poverty: How Poor People Manage Their Money, 2000 [8]
• R.Goodwin-Groen, Success in rural savings: How one donor led the way, CGAP 2003 [9]

Lesson 4 - The financial reality of business enterprise

• The group enterprise resource book - Extract from Part 3: Managing the Business, FAO 1995 [10]
• R.Hernández & G.Herrerías, Accounting is a Kid's Game - Introduction to the Dynamics of Financial Statements, ADA/Alternativas 1998/2006. [11]

Lesson 5 - Collecting and analysing financial information from micro enterprises

• L.Daniels, A guide to measuring microenterprise profits and net worth, from Small Enterprise Development Vol. 12, No.4, 2001 [12]
• M.Harper, How to find out what small businesses need: An edited extract from Consultancy for Small Businesses, ITDG Publishing 1977 [13]
• J.Sebstad & M.Cohen, Financial Education for the Poor, Microfinance Opportunities 2003 [14]

Lesson 6 - Can they afford to borrow? Rates of return and the cost of money

• R.P.Goodwin Groen, Making Sense of Microcredit Interest Rates, CGAP Donor Brief 6 2002 [15]
• M.Harper, Farm credit and microfinance - is there a critical mismatch? from SED Vol.16, No.3, 2005 [16]
• N.Fernando, Understanding and Dealing with High Interest Rates on Microcredit, ADB 2006 [17]

Lesson 7 - Understanding the accounts of financial service providers

• J.Ledgerwood & K.Moloney, The Balance Sheet: Lesson 2 from Accounting for MFIs, Calmeadow 1996 [18]
• J.Ledgerwood & K.Moloney, The Income Statement: Lesson 3 from Accounting for MFIs, Calmeadow 1996 [19]
• J.Ledgerwood, Viability of a Microfinance Organization: Lesson 4 from Finance for MFIs, Calmeadow 1996 [20]

Lesson 8 - Financial service providers and the law

• J.Ledgerwood, Microfinance Handbook: Chapter 4 The Institution, The World Bank 1999 [21]
• The Credit Union Difference, WOCCU 2005 [22]
• M.Brownbridge, C.Kirkpatrick & S.M.Maimbo, Prudential Regulation, IDPM, University of Manchester 2002 [23]

Lesson 9 - Doing without subsidy - financial planning for small microfinance providers

• E.Rhyne, The Yin and Yang of Microfinance: Reaching the Poor and Sustainability, from the MicroBanking Bulletin 1998 [24]
• J.Morduch, Smart Subsidy for Sustainable Microfinance, from Finance for the Poor Vol. 6, No.4, ADB 2005 [25]
• M.Hudon, Subsidies and financial performances of the microfinance institutions: does management matter? Université Libre de Bruxelles (ULB) 2006 [26]

Lesson 10 - Managing arrears and defaults

• R.Rosenberg, Measuring Microcredit Delinquency: Ratios Can Be Harmful to Your Health, CGAP Occasional Paper No.3, 1999 [27]
• D.Norell, How to Reduce Arrears in Microfinance Institutions, from the Journal of Microfinance Vol.3 No.1, 2001 [28]
• D.von Stauffenberg, T.Jansson, N.Kenyon & M.Barluenga-Badiola, Performance Indicators for Microfinance Institutions: A Technical Guide pp 5-14 - Portfolio Quality, MicroRate & IADB 2003 [29]

Lesson 11 - Using and promoting groups

• S.Rutherford, The Poor and Their Money Ch 5: Promoters and Providers, OUP 2000 [30]
• H.Allen, Village Savings and Loans Associations - sustainable and cost-effective rural finance, from SED Vol.17 No.1 2006 [31]
• M.Harper, Grameen Bank Groups and Self Help Groups: What are the Differences? 2002 [32]
• S.Babu and A.Singh, The Need for Individual Lending in Mature MFIs, from Eye on Micro Finance No.4 2007 [33]

Lesson 12 - Commercial success or social concern? The microfinance dilemma

• D.Hulme, Is microdebt good for poor people? A note on the dark side of microfinance, from SED Vol.11, No.1, 2000 [34]
• Financial Sustainability, Targeting the Poorest and Income Impact: Are There Trade-offs for Microfinance Institutions?, CGAP Focus Note No.5, 1996 [35]
• J.Copestake, Towards a general framework for client monitoring within microfinance organisations, Imp-Act Guideline No.3, IDS 2001 [36]

Lesson 13 - Adopting a client-driven approach

• D.Cracknell, Signposts to the provision of Market Led Micro-financial Services, MicroSave Briefing Note No.18 [37]
• K.Pawlak, Client-Focused Microfinance: A Review of Information Sources, MicroSave Briefing Note No.17 [38]
• G.A.N.Wright, Market Research and Client-Responsive Product Development, MicroSave [39]
• R.Brott, I.Murray, I.Rueda & A.Torrico, How Client Assessment is Making a Difference at CRECER, SEEP Network 2006 [40]

Lesson 14 - Taking gender into account

• N.Kabeer, Is Microfinance a 'Magic Bullet' for Women's Empowerment? Economic and Political Weekly Oct 29, 2005 [41]
• I.Mutalima, Microfinance and Gender Equality: Are We Getting There? Microcredit Summit Campaign 2006 [42]
• T.Kay, Empowering Women through Self-help Microcredit Programmes, Bulletin on Asia-Pacific Perspectives pp 69-78, 2002/03 [43]
• A.Nippierd, Gender Issues in Cooperatives, Journal of Co-operative Studies Vol. 32:3, 1999 [44]

Lesson 15 - Can commercial banks "do" microfinance?

• M.Harper and S.S.Arora (eds), Small Customers, Big Market: Commercial Banks in Microfinance: pp 275 - 293 Conclusions, ITDG Publishing 2005 [45]
• J.Isern and D.Porteous, Commercial Banks and Microfinance: Evolving Models of Success, CGAP 2005 [46]
• M.Harper and M.Kirsten, ICICI Bank and its Partnership Linkages in India, FAO 2005 [47]