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Understanding the Diversity and Complexity of Demand for Microfinance Services: Lessons from Informal Finance
[chapter]
2011
The Handbook of Microfinance
There is growing consensus that microfinance supply is too standardised, inflexible and inadequate given the diversity of financial needs. As a result, microfinance is a very partial substitute for informal financial services and their comparative advantages. This paper aims to deepen understanding of financial service demand by learning from informal finance. Based on economic anthropology, our analysis shows that microfinance does not substitute informal finance for many reasons: because
doi:10.1142/9789814295666_0005
fatcat:uyabrwmpubdifaq6ussnxtyv7i