Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/323994 
Authors: 
Year of Publication: 
2013
Citation: 
[Journal:] Enterprise Development & Microfinance [ISSN:] 1755-1986 [Volume:] 24 [Issue:] 4 [Publisher:] Practical Action [Place:] Rugby [Year:] 2013 [Pages:] 282-294
Publisher: 
Practical Action, Rugby
Abstract: 
Taking a business scholar’s standpoint I assess the future of the microfinance industry. The basic question I try to answer is why the microfinance market continues to grow while public support for the industry is shrinking. I identify six underlying forces – demographic transition, reduced poverty, urbanization, economic growth, technological innovations, and shifts in microfinance paradigms – that drive the growth of the microfinance industry. Furthermore, I identify six non-traditional microfinance markets that may present interesting opportunities in the years to come: insurance, housing, small and medium enterprise lending, savings, micropensions, and microfinance in high-income countries. I conclude the article highlighting that policymakers, regulators, and international support organizations may encourage or hamper the future of microfinance as outlined in this article.
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Document Type: 
Article
Document Version: 
Accepted Manuscript (Postprint)
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