Learning objectives
The aim of the course is to provide students with the methodological tools for understanding the intrinsic problems of providing finance for forms of enterprise which are excluded from the ordinary financial market. Enterprises that can be considered as such are micro-enterprises, social enterprises and informal enterprises, which in developing countries represent the most widespread type. During the course the various methodologies which have contributed to the diffusion of microcredit and microfinance within the sphere of international cooperation will be analysed as innovative models of local development. <br />
Particular attention will be given to the aspects of type, social inclusion and the participatory approach. Ample time will be given to an analysis of case studies conducted both by sector and geographical region. <br />
Prerequisites
- - -
Course unit content
Access to financial services in developing countries. <br />
General introduction to the informal economic system of developing countries. Analysis of informal enterprises, micro-enterprises, income-generating activities and their contribution to family income. Impact on local development. Growth opportunities and limitations. Access to financial resources for the most financially excluded communities. <br />
<br />
Microfinance and microcredit. <br />
The various methodological approaches. Services offered: definition of products and services, terms, conditions and guarantees. Creditor institutions: from rotating funds to microfinance institutions. Local associations and networks of microfinance operators. <br />
<br />
The effects of microfinance. <br />
Financial sustainability and assessment of the social impact of microcredit programmes: comparative analysis of instruments and methods. <br />
Full programme
- - -
Bibliography
D. Hulme, P. Mosely, Finance Against Poverty Vol. I, Routledge, London 1996.
Teaching methods
- - -
Assessment methods and criteria
- - -
Other information
- - -
