Future of Microfinance

Ira W. Lieberman was the founding director of the CGAP Secretariat, the de facto secretariat for the microfinance sector globally. He has continued to work on and write about microfinance over the past twenty-five years. He is alsoauthor of In Good Times Prepare for Crisis: From the Great Depression to the Great Recession; Sovereign Debt Crises and Their Resolution (Brookings, 2018).Paul DiLeo is a managing director of Grassroots Capital Management.Todd A. Watkins is professor of economics and executive director of the Martindale Center for the Study of Private Enterprise at Lehigh University. He is the author of Introduction to Microfinance and co-editor of the book Moving Beyond Storytelling: Emerging Research in Microfinance.Anna Kanze is a managing director of Grassroots Capital Management.

• Contents:ForewordPrefaceAcknowledgmentsAbbreviationsIntroduction, Paul DiLeo and Jose RuisanchezSection I: Background1. The Growth and Commercial Evolution of Microfinance, Ira W. LiebermanSection II: Where We Are Now—What Is Needed in the Future2. The Changing Face of Microfinance and the Role of Funders: Financing the Future, Paul DiLeo and Anna KanzeVision Statement. Fifteen Years of Financing MFIs: From Microcredit to SDG Integration, Roland Dominicé3. The Future of Microcredit Depends on Social Investors, Timothy N. Ogden4. Microfinance Industry Concentration and the Role of Large-Scale and Profitable MFIs, Todd A. Watkins5. The Future of Microfinance as Knowledge Management: The Experience of the BBVA Microfinance Foundation, Claudio Gonzalez-Vega6. Refocusing on Customer Value: Meaningful Inclusion through Positive Partnerships, Gerhard Coetzee7. Understanding the Impact of Microcredit, Timothy N. OgdenSection III: The Challenge of Technology and New Product Innovation and Development8. Microfinance in the Age of Digital Finance, Momina Aijazuddin and Matthew BrownVision Statement. Microfinance and Digital Finance, Greta Bull9. Governance in the Digital Age: Responsible Finance for Digital Inclusion, Lory Camba Opem10. Product Diversification: Consumer Loans for Education and Housing, Alex Silva11. Insurance for Development: How Has It Evolved and Where Is It Going? Craig Churchill and Aparna DalalSection IV: A Geographic Perspective12. Asia and the Pacific: Tremendous Progress, but Hundreds of Millions Yet to Serve, Jennifer Isern13. Financial Inclusion in India—A Himalayan Feat, Jennifer Isern14. Inclusive Financial Development in China, Enjiang Cheng15. The Future of Microfinance in Africa: Differentiating East and West, Renée Chao-Beroff and Kimanthi MutuaVision Statement. The Future of Microfinance in Africa, Renée Chao-Beroff16. Latin America and the Caribbean: The Journey, the Gap, and a Vision of the New Microfinance Revolution, Jose RuisanchezAppendix: What the Data Tell Us, Blaine Stephens and Nikhil GehaniGlossaryContributorsIndex

When a reader spots a title such as this book's, it is easy to assume that the editors, working with contributions from several authorities in the field, will dwell on the virtues of the sector and how the future looks rosy. While the book does point to a good job done, it also tells you unequivocally how the sector has not lived up to its original intent of alleviating poverty."- K. Bharat Kumar, The Hindu