Reform, growth and resilience of savings-led commercial microfinance institutions: the case of the microbanking units of Bank Rakyat, Indonesia
Hans Dieter Seibel, Agus Rachmadi and Djarot Kusumayakti
Savings and Development Vol. 34(2010), No. 3, pp. 277-303
For three decades microfinance has rapidly expanded around the globe. The recent global crisis was feared to have stopped, if not reversed, this process. CGAP reported in 2009 that the microcredit portfolios of many MFIs “are stagnant or [...]