Compared with other financial institutions, microfinance institutions (MFIs) have emerged relatively unscathed from the financial crises of the past few decades. During the currency crises in East Asia and the banking crises in Latin America in the 1990s, institutions serving poor customers generally performed better financially than mainstream banks. At that time the clients and micro-enterprises financed by MFIs were not integrated into local banking...
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DETAILS
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2009/02/01
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Brief
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47954
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1
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1
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2010/07/01
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Disclosed
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The global financial crisis and its impact on microfinance
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microfinance
Citation
Littlefield,Elizabeth L.; Kneiding,Christoph.
The global financial crisis and its impact on microfinance (English). CGAP focus note|no. 52 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/388371468159326770