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The end of imagination? Understanding new developments in microfinance

Research output: Chapter in Book/Report/Conference proceedingChapter

Original languageEnglish
Title of host publicationMicrofinance for Entrepreneurial Development
Subtitle of host publicationSustainability and Inclusion in Emerging Markets
EditorsDouglas Cumming, Yizhe Dong, Wenxuan Hou, Binayak Sen
PublisherSpringer International Publishing
Number of pages22
ISBN (Electronic)9783319621111
ISBN (Print)9783319621104
Publication statusPublished - 18 Oct 2017


Microfinance drew attention to itself beginning the day it was born. From day one, its fate was hotly debated by ever-colliding camps of ardent supporters and staunch critics. In this chapter, we provide an in-depth discussion on microfinance revolution and promise. We summarize the highlights of the growing literature on microfinance that have accumulated over the past three decades. The new features of the microfinance sector also are discussed in the chapter.

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