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Erschienen in:
The End of Imagination? Understanding New Developments in Microfinance Kapitel lesen Erstes Kapitel lesen

2017 | OriginalPaper | Buchkapitel

2. The Influence of Formal and Informal Institutions on Microcredit: Financial Inclusion for Micro-Entrepreneurs by Lender Type

verfasst von : Alexander Newman, Susan Schwarz, Daniel J. Borgia, Wu Wei

Erschienen in: Microfinance for Entrepreneurial Development

Verlag: Springer International Publishing

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Abstract

This chapter applies the Helmke–Levitsky typology of informal institutions to discuss how the interaction between the formal and informal institutional environment has shaped the development of China’s microfinance industry. The chapter shows that formal regulatory framework influenced commercial ‘for-profit’ microfinance providers (village and township banks or ‘VTBs’) and public interest microfinance providers (microcredit companies or ‘MCCs’) in different ways. While MCCs suffer deficiencies of not being able to accept savings deposits, VTBs are restricted by the inability to charge higher risk-adjusted interest rates. Geographical separation and low levels of out-group trust constrain the development of microfinance organisations, especially when the organisations do not have strong ties to local communities This study was approved by the appropriate university ethics committee and subsequently performed in accordance with the ethical standards in the 1964 Declaration of Helsinki. All persons gave their informed consent prior to inclusion in the study. Details disclosing the identity of the subjects under study have been omitted. The authors have full control of the primary data and have no financial relationship or conflict of interest with the organisations involved in the research.

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Vorheriges Kapitel The End of Imagination? Understanding New Developments in Microfinance
Nächstes Kapitel Microfinance for Entrepreneurial Development: Study of Women’s Group Enterprise Development in IndiaIndia
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Metadaten
Titel
The Influence of Formal and Informal Institutions on Microcredit: Financial Inclusion for Micro-Entrepreneurs by Lender Type
verfasst von
Alexander Newman
Susan Schwarz
Daniel J. Borgia
Wu Wei
Copyright-Jahr
2017
Buch
Microfinance for Entrepreneurial Development

Print ISBN: 978-3-319-62110-4

Electronic ISBN: 978-3-319-62111-1

Copyright-Jahr: 2017

DOI
https://doi.org/10.1007/978-3-319-62111-1_2

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