The Microfinance Revolution: Lessons from Indonesia (Micro Finance Revolution, Volume 2),New

The Microfinance Revolution: Lessons from Indonesia (Micro Finance Revolution, Volume 2),New

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The revolution occurring in finance for lowincome people refers to commercial microfinancethe delivery of financial services to the economically active poor on a large scale through competing, financially selfsufficient institutions. 'Lessons from Indonesia', volume 2 of 'The Microfinance Revolution', examines in the Indonesian context the principles and practices of commercial microfinance that were explored and analyzed in volume 1. The first country to develop profitable microfinance on a large scale, Indonesia is home to the world's oldest and largest commercial microfinance institutions, as well as many others. The book examines many financial institutions, with a special emphasis on Bank Rakyat Indonesia's microbanking system, which in the mid1980s was transformed from a failed subsidized credit program to a nationwide commercial financial intermediary that now profitably provides microfinance servicessavings and creditto more than 20 million people. Commercial microbanking remained stable and profitable in Indonesia even as the country's financial system collapsed during the recent crisis. This volume shows why, and offers crucial lessons for developing countries everywhere.

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This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).

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