Microfinance: historical evolution of institutions and its impact of development

  • Mª Luisa Garayalde Niño Universidad Pontificia de Comillas-ICADE.
  • Sara González Fernández Universidad Complutense de Madrid.
  • Juan Mascareñas Pérez-Iñigo Universidad Complutense de Madrid.
DOI: https://doi.org/10.5209/rev_REVE.2014.v116.46570
Keywords: microfinance, microcredit, credit cooperatives, informal finance, tontine

Abstract

This paper examines, from a historical perspective, the evolution of microfinance (with a special reference to microcredit) throughout its history, focusing especially on the evolution of their institutions and their influence on the development of societies. As for the institutions and credit cooperatives, direct lending and informal models (coins keepers, informal banking, tontine, etc.) are analyzed. We discuss how to measure its impact on development, what are the positive and negative aspects of microfinance and what is the right method to get

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Published
2014-09-11
How to Cite
Garayalde Niño M. L., González Fernández S. y Mascareñas Pérez-Iñigo J. (2014). Microfinance: historical evolution of institutions and its impact of development. REVESCO. Revista de Estudios Cooperativos, 116, 130-159. https://doi.org/10.5209/rev_REVE.2014.v116.46570
Issue
Vol. 116 (2014)
Section
Articles

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