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The Microfinance Network is a network of 20 to 25 of the world's largest microfinance institutions, spread across Asia, Africa, the Middle East, Europe and Latin America. Established in 1993, the Microfinance Network provided support to members that helped steer many industry leaders to sustainability, and profitability in many of their largest ...
Microfinance has also provided non-farming rural citizens with employment opportunities by allowing them to more easily launch small businesses, such as carpentry and food vending. [ citation needed ] Although the adoption of this economic practice is somewhat low in rural households, studies show that if fully adopted, microfinance could ...
The Première Agence de MicroFinance in Madagascar (PAMF-Madagascar) was established in December 2006 as a credit institution, with the first four branches established in the region of Sofia, a rural area in the north of Madagascar. In late 2008, PAMF-Madagascar became a microfinance institution. It began taking deposits in July 2009.
Rigorous impact evaluations using control and treatment groups are difficult to undertake today, because microcredit is so common in developing countries today that few locations remain where such a research setting can still be applied. Further complicating impact studies is the often highly politicized context of poverty alleviation initiatives.
The Zimbabwe Association of Microfinance Institutions (ZAMFI) is a government institution established in 1999 with the aim of advocating for an enabling regulatory and funding environment and to promote best practices in the provision of demand-driven services for the growth of the Microfinance industry in Zimbabwe. [1]
By 2010 there were more than twenty large micro finance institutions in Kenya, which provided US $1.5 billion to approximately 1.5 million active borrowers. With over 100,000 clients, Equity Bank Kenya had the largest share of business loans representing market share of 73.50% followed by Kenya Women Microfinance Bank with 12.06%.
In 2009 and 2010, Accion helped to start microfinance institutions in underserved areas of Inner Mongolia, Cameroon, and Brazil.. In December 2009, Accion inaugurated Accion Microfinance China (AMC) in Chifeng Prefecture, Inner Mongolia; this microfinance institution represented the first wholly owned foreign microcredit company (MCC) and only the second wholly foreign-owned MCC in the country.
FINCA is the innovator of the village banking methodology in microcredit and is widely regarded as one of the pioneers of modern-day microfinance. [2] With its headquarters in Washington, D.C., FINCA is considered to be one of the most influential microfinance organizations in the world. [ 3 ]