Microfinance has evolved as an economic development approach intended to benefit low-income people. The term refers tothe provision of financial services to low-income clients. The first section of this paper describes the role of microfinance sustainabilityas a necessary precondition for the stability and permanence of the financial system. Sustainable microfinance models demonstratethat formal institutions can deliver services profitably at the local level, challenging the assumption that subsidies are required formicrofinance in developing countries. The second section aims to analyse the categories of products and services provided by microfinanceinstitutions. A commercial approach argued for the delivery of services at a scale and cost commensurate with the needs andability of the market for which they are intended.
|Rivista||RIVISTA ITALIANA DI RAGIONERIA E DI ECONOMIA AZIENDALE|
|Stato di pubblicazione||Published - 2007|