Money with a Mission: Microfinance and poverty reduction, Volume 1

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James G. Copestake, Alyson Brody, Martin Greeley, Katie Wright-Revolledo
ITDG, 2005 - Business & Economics - 253 pages
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This book presents the findings of an action research programme into how far poverty-oriented microfinance institutions (MFIs) in Africa, Asia, and Latin America are contributing to global poverty reduction, and how they can do so more effectively.Martin Greeley reviews evidence on their success in reaching poorer clients and improving the average income and wealth of their clients. Naila Kabeer reviews evidence on performance against a wider array of indicators, including women’s empowerment, citizenship rights, and social inclusion. Susan Johnson is more cautious, suggesting that the contribution of MFIs to the overall growth of financial services in selected parts of Africa and India remains small. James Copestake reviews evidence on the organizational factors that influence achievement of MFIs’ social as well as financial goals, as well as progress in routinely monitoring and managing social performance.This covers how MFIs can manage their ‘double bottom lines’ more effectively, as well as what public and private investors in microfinance can do to help them. The bigger challenge, linking up with the wider movement for corporate social responsibility, is to find ways to do so across the entire financial sector.

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Sustainable poverty outreach
1 FINCA expenditure assessment and poverty scoring

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About the author (2005)

Anton Simanowitz manages the Imp-Act programme at the Institute of Development Studies. Naila Kabeer is a professorial fellow at the Institute of Development Studies. Susan Johnson lectures in international development at the University of Bath. Martin Greeley is a fellow at the Institute of Development Studies, University of Sussex, UK. James Copestake lectures in economics and international development at the University of Bath, UK.