Silk Road, Silver Lining
Can Micro-lending in Central Asia Counteract
Criminal Influence in the Financial Sector?
978-3-639-07134-4
3639071344
204
2008-08-26
79.00 €
eng
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This book examines the business history of Central
Asian micro-lenders, considered in the context of
the region's politics and crime. Distilled from an
exhaustive compilation and adjustment of the
industry's financial statements, as well as
extensive media and monitoring sources, the study
reaches the following conclusions.
Compared to state-run programs for which they
directly substitute, micro-lenders have greatly
reduced (yet still not made negligible) the
corruption in credit services to Central Asia's
poor. Beyond this, microcredit's crime-displacing
potential in the region is limited by the industry's
modest scale and scope, as well as the authorities'
perversity if they are ever needed for support.
Central Asian micro-lenders should focus on
implementing more secure, diversified, competitive
and convenient services, particularly deposit-side
services. These moves will strengthen the
organizations in general and perhaps against
criminal encroachment in particular.
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