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Handbook of Key Global Financial Markets, Institutions, and Infrastructure by Gerard Caprio

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Chapter 44

MicrofinanceCosts, Lending Rates, and Profitability

R. Mersland* and R. Øystein Strøm

*University of Agder, Kristiansand, Norway

Oslo and Akershus University College of Applied Sciences, Oslo, Norway

Outline

Introduction

After Muhammad Yunus and Grameen Bank received the Nobel Peace Prize in 2006, microfinance became a universal and well-known concept. Generally, the attention has been positive and the potential for microfinance ...

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