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Capital and the Common GoodHow Innovative Finance is Tackling the World's Most Urgent Problems$
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Georgia Levenson Keohane

Print publication date: 2016

Print ISBN-13: 9780231178020

Published to Columbia Scholarship Online: September 2017

DOI: 10.7312/columbia/9780231178020.001.0001

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Financial Inclusion and Access to Capital

Financial Inclusion and Access to Capital

(p.87) 3 Financial Inclusion and Access to Capital
Capital and the Common Good

Georgia Levenson Keohane

Columbia University Press

Shows why access to capital and financial services are vital components of the development agenda: a way for families to climb out of poverty and for small- and medium-sized enterprises (SME) to provide goods, services, and employment in regions of the world that lack these. The chapter traces the evolution of microfinance from its nonprofit origins to a fully commercialized industry, and from a field built primary around credit to one that has begun to offer a wider variety of financial services, including savings and insurance. We use IFMR Trust, an Indian microfinance company, to illustrate these innovations.

Keywords:   SME, Microfinance, IFMR Trust, mobile money

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