Author(s): Thankom Arun (University of Central Lancashire & University of Manchester and Victor Murinde (University of Birmingham)
Abstract:
Arguably, micro-finance provides social protection for the vulnerable by enabling them to access finance, create assets and avoid backsliding into poverty traps. This paper aims to survey the status quo of regulation of micro-finance services in Africa and to map out patterns of micro-finance regulation. The paper explores the relationship between regulation and outreach in micro-finance provision in Africa, with the implication that outreach enhances the provision of financial and social protection for the poor. The performance of IN FULL (MFIs) depends largely on MFI regulations, which eventually affect social protection in several ways mainly through its effectiveness and outreach. We conclude by pointing out the need for closer engagement between government and micro-finance institutions in developing required regulatory legislations in Africa.
To download the paper Click Here
Twitter
Facebook
Email
RSS
LinkedIn
