Bringing Finance To Pakistan's Poor: Access To Finance For Small Enterprises And The Underserved

Business & Finance, Finance & Investing, Banks & Banking
Cover of the book Bringing Finance To Pakistan's Poor: Access To Finance For Small Enterprises And The Underserved by Nenova Tatiana; Niang  Cecile Thioro, World Bank
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Nenova Tatiana; Niang Cecile Thioro ISBN: 9780821380307
Publisher: World Bank Publication: November 13, 2009
Imprint: Language: English
Author: Nenova Tatiana; Niang Cecile Thioro
ISBN: 9780821380307
Publisher: World Bank
Publication: November 13, 2009
Imprint:
Language: English
This book reflects the first comprehensive survey and dataset of access to financial products by the Pakistani population. In Pakistan, access to financing is at low levels, though expanding quickly. Half of Pakistani adults, mostly women, do not engage in the financial system at all. The formal microfinance sector reaches less than 2 percent of the poor, as opposed to over a quarter in neighboring countries. Yet micro and small business, together with remittances, play a central role in family economic inclusion and escaping the poverty trap. Policy measures have been timely, but are not enough. Financial institutions have lagged behind in technological advances, client segmentation, product diversification, and simplified processes and procedures. The strongest driver of low financial access in the long run is income.This book finds that formal markets could learn from and cooperate with informal arrangements to increase outreach. A focus on micro-savings holds tremendous potential. Women are a viable and unexplored client base. Mobile technology can help expand access considerably, especially in the informal sector. Partnerships among Pakistan Post, financial institutions, and telecom operators are promising as are new approaches suitable for smaller enterprises, such as bank downscaling. Further integration of microfinance, remittances, and small enterprise finance into the financial system would strengthen sustainability, competition, efficiency, and market discipline. An accompanying CD contains summary statistics.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
This book reflects the first comprehensive survey and dataset of access to financial products by the Pakistani population. In Pakistan, access to financing is at low levels, though expanding quickly. Half of Pakistani adults, mostly women, do not engage in the financial system at all. The formal microfinance sector reaches less than 2 percent of the poor, as opposed to over a quarter in neighboring countries. Yet micro and small business, together with remittances, play a central role in family economic inclusion and escaping the poverty trap. Policy measures have been timely, but are not enough. Financial institutions have lagged behind in technological advances, client segmentation, product diversification, and simplified processes and procedures. The strongest driver of low financial access in the long run is income.This book finds that formal markets could learn from and cooperate with informal arrangements to increase outreach. A focus on micro-savings holds tremendous potential. Women are a viable and unexplored client base. Mobile technology can help expand access considerably, especially in the informal sector. Partnerships among Pakistan Post, financial institutions, and telecom operators are promising as are new approaches suitable for smaller enterprises, such as bank downscaling. Further integration of microfinance, remittances, and small enterprise finance into the financial system would strengthen sustainability, competition, efficiency, and market discipline. An accompanying CD contains summary statistics.

More books from World Bank

Cover of the book Gender Dimensions Of Investment Climate Reform: A Guide For Policy Makers And Practitioners by Nenova Tatiana; Niang  Cecile Thioro
Cover of the book Realizing the Full Potential of Social Safety Nets in Africa by Nenova Tatiana; Niang  Cecile Thioro
Cover of the book Postcrisis Growth And Development: A Development Agenda For The G-20 by Nenova Tatiana; Niang  Cecile Thioro
Cover of the book Scaling Up Affordable Health Insurance by Nenova Tatiana; Niang  Cecile Thioro
Cover of the book Trade Preference Erosion: Measurement And Policy Response by Nenova Tatiana; Niang  Cecile Thioro
Cover of the book The World Bank Legal Review, Volume 7 Financing and Implementing the Post-2015 Development Agenda by Nenova Tatiana; Niang  Cecile Thioro
Cover of the book Accounting For Growth In Latin America And The Caribbean: Improving Corporate Financial Reporting To Support Regional Economic Development by Nenova Tatiana; Niang  Cecile Thioro
Cover of the book Doing Business 2011: Making a Difference for Entrepreneurs by Nenova Tatiana; Niang  Cecile Thioro
Cover of the book Tales from the Development Frontier by Nenova Tatiana; Niang  Cecile Thioro
Cover of the book Dancing with Giants: China, India, and the Global Economy by Nenova Tatiana; Niang  Cecile Thioro
Cover of the book Global Development Finance 2008 (Complete Print Edition) by Nenova Tatiana; Niang  Cecile Thioro
Cover of the book Evaluating The Financial Performance Of Pension Funds by Nenova Tatiana; Niang  Cecile Thioro
Cover of the book Business Regulation and Economic Performance: A Latin American Perspective by Nenova Tatiana; Niang  Cecile Thioro
Cover of the book Doing Business 2015 by Nenova Tatiana; Niang  Cecile Thioro
Cover of the book Poverty and Social Exclusion in India by Nenova Tatiana; Niang  Cecile Thioro
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy