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The state of microfinance: in Central and Eastern Europe and the new independent states

By: Forster, Sarah.
Contributor(s): Greene, Seth | Pytkowska, Justyna.
Material type: materialTypeLabelBookPublisher: Washington, DC CGAP/The World Bank Group 2003Description: xiv, 150 p.Subject(s): Microfinance | Financial institutions | Economic developmentDDC classification: 332.1 Summary: his report is based on the first empirical study of the microfinance industry in Central and Eastern Europe and the New Independent States (CEE and NIS). The main source of its findings is a survey of the region's microfinance institutions (MFIs) and funders conducted in 2001 by the Microfinance Centre for Central and Eastern Europe and the New Independent States, headquartered in Warsaw, Poland. The study achieved its four main goals: 1) the creation of an empirically based, comprehensive picture of the current state of the microfinance industry in the region; 2) a comparison of the performance of the region's main organizational models for microfinance delivery credit unions, nongovernmental organizations (NGOs), 'downscaling' commercial banks, and 'Greenfield' microfinance banks; 3) an analysis of the main barriers to growth and development confronting microfinance in the region specifically, access to finance and legal and regulatory constraints; and 4) a framework for action for the region's various microfinance actors, the goal being to increase the scale, outreach to the poor, financial viability, and impact of microfinance in the region. This study subscribes to the latter perspective. http://documents.worldbank.org/curated/en/160721468251107266/The-state-of-microfinance-in-Central-and-Eastern-Europe-and-the-New-Independent-States
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his report is based on the first empirical study of the microfinance industry in Central and Eastern Europe and the New Independent States (CEE and NIS). The main source of its findings is a survey of the region's microfinance institutions (MFIs) and funders conducted in 2001 by the Microfinance Centre for Central and Eastern Europe and the New Independent States, headquartered in Warsaw, Poland. The study achieved its four main goals: 1) the creation of an empirically based, comprehensive picture of the current state of the microfinance industry in the region; 2) a comparison of the performance of the region's main organizational models for microfinance delivery credit unions, nongovernmental organizations (NGOs), 'downscaling' commercial banks, and 'Greenfield' microfinance banks; 3) an analysis of the main barriers to growth and development confronting microfinance in the region specifically, access to finance and legal and regulatory constraints; and 4) a framework for action for the region's various microfinance actors, the goal being to increase the scale, outreach to the poor, financial viability, and impact of microfinance in the region. This study subscribes to the latter perspective.

http://documents.worldbank.org/curated/en/160721468251107266/The-state-of-microfinance-in-Central-and-Eastern-Europe-and-the-New-Independent-States

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