THE HANDBOOK OF MICROFINANCE
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THE HANDBOOK OF MICROFINANCE edited by
Beatriz Armendáriz
University College London, UK & Harvard University, USA
Marc Labie
Université de Mons, Belgium
World Scientific NEW JERSEY
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LONDON
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SINGAPORE
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BEIJING
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SHANGHAI
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HONG KONG
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TA I P E I
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CHENNAI
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Published by World Scientific Publishing Co. Pte. Ltd. 5 Toh Tuck Link, Singapore 596224 USA office: 27 Warren Street, Suite 401-402, Hackensack, NJ 07601 UK office: 57 Shelton Street, Covent Garden, London WC2H 9HE
British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library.
THE HANDBOOK OF MICROFINANCE Copyright © 2011 by World Scientific Publishing Co. Pte. Ltd. All rights reserved. This book, or parts thereof, may not be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval system now known or to be invented, without written permission from the Publisher.
For photocopying of material in this volume, please pay a copying fee through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA. In this case permission to photocopy is not required from the publisher.
ISBN-13 978-981-4295-65-9 ISBN-10 981-4295-65-5
Typeset by Stallion Press Email:
[email protected]
Printed in Singapore.
Samantha - The Handbook of Microfinance.pmd1
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Handbook of Microfinance
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Para Georges-Antoine, Beatriz
A mes parents, Marc
FA
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Handbook of Microfinance
Contents
CERMi
xi
Biographical Notes
xiii
Acknowledgments
xxxi
Introduction
1
Introduction and Overview: An Inquiry into the Mismatch in Microfinance
3
Beatriz Armend´ ariz and Marc Labie
Part I. Understanding Microfinance Practices Microfinance Evaluation Strategies: Notes on Me