Agric. Econ. - Czech, 2010, 56(12):583-590 | DOI: 10.17221/49/2010-AGRICECON
The scenario of microfinance in Latin America against the international financial crisis
- Institute of Tropics and Subtropics, Czech University of Life Sciences, Prague, Czech Republic
Latin America has very good conditions for microfinance; the macroeconomic growth which Latin America had shown in the recent years created favourable conditions for the microfinance institutions' favorable conditions and its development. Profitability of the microfinance sector presents an attractive market for the financial institutions which already have a have strong position in the market. The purpose of this work is to focus on the current situation and performance of the microfinance sector while identifying some of the reasons that affect the microfinance institutions in this region. The work also provides a view on the microfinance industry development to get a better description of the sector. The microfinance institutions are earning an undeniable importance in the process of the regional development and represent an important factor in the alleviation of poverty and insecurity for large segments of the population. The work is based on information from relevant sources that allow us to identify the current status of microfinance in Latin America, especially in these times when the crisis affects also the region's economic dynamism.
Keywords: Latin America, Mexico, economic deceleration, recession, crisis, poverty, microfinance institutions
Published: December 31, 2010 Show citation
References
- Cardero M.E. (2008): Microfinancing Programs: their Impact on the Poorest Women. Perfiles Latinoamericanos, 16: 151-182
Go to original source... - EIU (2009): Microscopio global sobre el entorno de negocios para las microfinanzas. The Economist Intelligence Unit - BID. Available at http://www.microfinanzas.org/uploads/media/GlobalMicroscope_SP_WEB_Sept25.pdf
- MIX (2003): Benchmarking Latin American Microfinance - A report from the Microfinance Information Exchange. Available at http://www.themix.org/sites/default/files/2003%20Latin%20America%20Caribbean%20Microfinance%20Analysis%20and%20Benchmarking%20Report%20-%20English.pdf
- MIX (2009a): Mexico 2009 - Análisis e Informe de Benchmarking de las Microfinanzas. Un informe del Microfinance Information Exchange (MIX) (Analysis and Overview of the Bench-marketing of Microfinances. The Document of Microfinance Information Exchange). Available at http://www.themix.org/sites/default/files/2009%20Mexico%20Microfinance%20Analysis%20and%20Benchmarking%20Report.pdf
- MIX (2009b): Perú 2009 - Análisis e Informe de Banchmarking de las Microfinanzas. Un informe del Microfinance Information Exchange (MIX) (Peru 2009 - Analysis and Overview of the Bench-marketing of Microfinances. The Document of Microfinance Information Exchange). Available at http://www.themix. org/site s/def ault/f ile s/2009%20Per u%20Mic rof i nance%20Analysis%20&%20Benchmarking%20 Report.pdf
- MIX (2010): Latin American and the Caribbean 2009 - Microfinance Analysis and Benchmarking Report. Microfinance Information Exchange. Available at http://www.themix.org/sites/default/files/2009%20LAC%20Microfinance%20Analysis%20&%20Benchmarking%20Report%20-%20English_0.pdf
- Navajas E., Navarrete E., Simbaqueba L., Cuevas M., Salamanca G. (2006): Indicadores de microfinanzas en América Latina: rentabilidad, riesgo y regulación (Indicators of Microfinances in Latin America: Profitability, Risk, and Regulation). Banco Interamericano de Desarrollo Washington, D.C. Serie de informes de buenas prácticas del Departamento de Desarrollo Sostenible. Available at http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=1442278
- Ramírez A. (2004): The Microfinance Experience in Latin America and the Caribbean Workshop on Modalities of Microfinance Delivery in Asia: In: LAEBA Research Conference on Microfinance in Latin America and Asia Asian Development Bank Institute, Manila, Philippines. Available at http://www.adbi.org/files/2004.10.04.cpp.microfinance.latinamerica.carribean.pdf
- Rivera J.V., Caro J.C. (2009): Las microfinanzas y los microseguros en América Latina y el Caribe: situación y perspectivas (The Microfinances and Microinsurance in Latin America and Caribbean Situation and Perspectives). Available at http://www.microseguros.info/uploads/media/Las_microfinanzas_y_los_microseguros_en_America_Latina_y_el_Caribe_-_Situacion_y_perpectivas.pdf
- UN (2009): World Economic Situation and Prospects. Available at http://www.un.org/esa/policy/wess/wesp2009files/wesp09update.pdf
This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International (CC BY NC 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.