Rural Finance Policies 8 - Informal markets: what lessons can we learn from them?

In most developing countries, it is the private, informal markets that the rural poor have traditionally turned to service their financial needs. Why have these institutions succeeded in providing services to the poor when formal institutions have not? Do these informal institutions provide any less...

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Bibliographic Details
Main Authors: Sharma, Manohar, Zeller, Manfred
Format: Brief
Language:Inglés
Published: International Food Policy Research Institute 2000
Subjects:
Online Access:https://hdl.handle.net/10568/156431
Description
Summary:In most developing countries, it is the private, informal markets that the rural poor have traditionally turned to service their financial needs. Why have these institutions succeeded in providing services to the poor when formal institutions have not? Do these informal institutions provide any lessons that bigger formal institutions could use? What are their basic limitations? Answers to such questions indicate important direc-tions for public policy.