Invisible to official statistics and operating outside the reach of governmental regulation, informal finance markets often prove more efficient and more fair than their formal counterparts. The authors of these studies emphasize the diversity and richness of informal credit markets.
Table of Contents
Preface -- Introduction -- Taking a Fresh Look at Informal Finance -- The Rope and the Box: Group Savings in The Gambia -- Informal Financial Groups in Cameroon -- Rural Finance in Somalia -- Informal Rural Finance in Niger: Lessons for Building Formal Institutions -- Informal Finance in Sri Lanka -- Informal Rural Finance in Thailand -- Informal Finance in Papua New Guinea: An Overview -- Informal Finance in the Philippines’ Footwear Industry -- Collateral Substitutes in Rural Informal Financial Markets in the Philippines -- The Kou in Japan: A Precursor of Modern Finance -- Pawnbroking and Small Loans: Cases from India and Sri Lanka -- Strengths of Informal Financial Institutions: Examples from India -- Informal Finance in Indonesia -- Evolving Forms of Informal Finance in an Indonesian Town -- Linking Formal and Informal Finance: An Indonesian Example -- The Financial Evolution of Small Businesses in Indonesia1 -- Small-Scale Enterprise Dynamics and the Evolving Role of Informal Finance -- Formal Credit for Informal Borrowers: Lessons from Informal Lenders -- Regulatory Avoidance in Informal Financial Markets -- Contract Lending to Small Farmers in the Dominican Republic -- Rotating Savings and Credit Associations in Bolivia1 -- ROSCAs: State-of-the-Art Financial Intermediation -- What Have We Learned About Informal Finance in Three Decades? -- Where to From Here in Informal Finance?
Dale W. Adams (Professor of Agricultural Economics and Rural Sociology, Ohio State University, USA)