The Microfinance Revolution: An Overview (ICPSR 21580)

Principal Investigator(s): Sengupta, Rajdeep, Federal Reserve Bank of St. Louis; Aubuchon, Craig P., Federal Reserve Bank of St. Louis

Summary: The Nobel Prize committee awarded the 2006 Nobel Peace Prize to Muhammad Yunus and the Grameen Bank "for their efforts to create economic and social development from below." The microfinance revolution has come a long way since Yunus first provided financing to the poor in Bangladesh. The committee has recognized microfinance as "an important liberating force" and an "ever more important instrument in the struggle against poverty." Although several authors hav... (more info)

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Sengupta, Rajdeep, and Craig P. Aubuchon. The Microfinance Revolution: An Overview. ICPSR21580-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2008-01-10. doi:10.3886/ICPSR21580.v1

Persistent URL: http://dx.doi.org/10.3886/ICPSR21580.v1

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This survey was funded by:

• Federal Reserve Bank of St. Louis. Research Division

Summary:   The Nobel Prize committee awarded the 2006 Nobel Peace Prize to Muhammad Yunus and the Grameen Bank "for their efforts to create economic and social development from below." The microfinance revolution has come a long way since Yunus first provided financing to the poor in Bangladesh. The committee has recognized microfinance as "an important liberating force" and an "ever more important instrument in the struggle against poverty." Although several authors have provided comprehensive surveys of microfinance, our aim is somewhat more modest: This article is intended as a non-technical overview on the growth and development of microcredit and microfinance.

Subject Terms:   banking, economic behavior, economic change, economic conditions, economic recovery, education, financial policy, finance, financial institutions, financial planning, international markets, loans

Geographic Coverage:   Bangladesh, Bolivia, Mexico, United States

Data Collection Notes:

(1) A zipped package contains an Excel file which comprises the data and corresponding figures. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.

Original ICPSR Release:  2008-01-10

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