© 2017

Microfinance for Entrepreneurial Development

Sustainability and Inclusion in Emerging Markets

  • Douglas Cumming
  • Yizhe Dong
  • Wenxuan Hou
  • Binayak Sen

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Douglas Cumming, Yizhe Dong, Wenxuan Hou, Binayak Sen
    Pages 1-22
  3. Liong Ing Ling, Jill Wilson, Lynda Shevellar
    Pages 107-125
  4. Vani S. Kulkarni, Md Shafiul Azam, Raghav Gaiha
    Pages 127-152
  5. Luqyan Tamanni, F. H. Liu
    Pages 169-195
  6. Back Matter
    Pages 223-224

About this book


This edited collection presents recent developments, practical innovations, and policy reforms in the realm of microfinance in emerging markets. Microfinance has been hotly debated by ever-colliding camps of ardent supporters, who believe that microfinance addresses credit market failures and provides a durable answer to the problem of the poverty, and staunch critics, who argue that lending by microfinance institutions is wasteful, and the interest rates are too high. To bring further insight into this important debate, this book presents comprehensive historical, political, and economic perspectives on the latest issues in microfinance. An impressive array of scholars and practitioners build a framework for thinking about regulation to drive sustainable, inclusive development. With case studies of programs in India, Ghana, and Bangladesh, and examinations of the effects of gender and religion on financial decision-making, this comprehensive collection offers something valuable to scholars, policymakers, and practitioners—anyone with a vested interest in promoting innovation in microfinance.


financial development islamic finance financial regulation sustainable development Shri Kshetra Dharmasthala Rural Development Project economic empowerment entrepreneurial finance

Editors and affiliations

  • Douglas Cumming
    • 1
  • Yizhe Dong
    • 2
  • Wenxuan Hou
    • 3
  • Binayak Sen
    • 4
  1. 1.Schulich School of BusinessYork UniversityTorontoCanada
  2. 2.Aberystwyth University Business SchoolAberystwythUnited Kingdom
  3. 3.University of Edinburgh Business SchoolEdinburghUnited Kingdom
  4. 4.Bangladesh Institute of Development StudiesDhakaBangladesh

About the editors

Douglas Cumming is Professor of Finance and Entrepreneurship and Ontario Research Chair at the Schulich School of Business, York University, Canada. 

Yizhe Dong is Senior Lecturer (Associate Professor) in Finance at University of Aberdeen, UK.

Wenxuan Hou is Chair of Corporate Finance at the University of Edinburgh Business School, UK.

Binayak Sen is Senior Research Fellow at the International Food Policy Research Institute (IFPRI) in Washington, DC, USA. 

Bibliographic information

Industry Sectors
Finance, Business & Banking