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Sunderland Repository records the research produced by the University of Sunderland including practice-based research and theses.

The Evolution of Microfinance

Meme, Joy, Alhassan, Yahaya and Bellamy, Lawrence (2025) The Evolution of Microfinance. In: Microfinance, Financial Innovation, and Sustainable Entrepreneurship in Economics. IGI Global, pp. 1-22. ISBN 9798369366226

Item Type: Book Section

Abstract

This chapter explores the evolution of microfinance by reviewing existing literature. The chapter reviews the development of microfinance to understand how the concept emerged and the extent to which it has evolved. It specifically explores the history of microfinance and how it evolved in some countries before and after the emergence of Muhammad Yunus's microfinance era. The chapter concludes that the evolution of microfinance is a testament to its adaptability and resilience which started as a tool for poverty alleviation and has since transformed into a multifaceted industry that empowers marginalised individuals and communities while contributing to economic development. However, there are variations in opinions regarding the origins of microfinance as some researchers argue that it started in the 15th century, while others claim it was in the 17th or the 19th century. This analysis provides insights into how microcredit evolved into modern microfinance.

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SWORD Depositor: Publication Router
Depositing User: Publication Router

Identifiers

Item ID: 18774
Identification Number: https://doi.org/10.4018/979-8-3693-6622-6.ch001
ISSN: 2327-5685
ISBN: 9798369366226
URI: http://sure.sunderland.ac.uk/id/eprint/18774
Official URL: https://www.igi-global.com/chapter/the-evolution-o...

Users with ORCIDS

ORCID for Joy Meme: ORCID iD orcid.org/0000-0001-6873-3743
ORCID for Yahaya Alhassan: ORCID iD orcid.org/0000-0001-6700-635X

Catalogue record

Date Deposited: 18 Mar 2025 11:20
Last Modified: 18 Mar 2025 11:20

Contributors

Author: Joy Meme ORCID iD
Author: Yahaya Alhassan ORCID iD
Author: Lawrence Bellamy

University Divisions

Faculty of Business, Law and Tourism > Sunderland Business School

Subjects

Business and Management > Business and Management

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