Southeast Asia's Credit Revolution
From Moneylenders to Microfinance
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English
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Book information
Taylor & Francis
USA
2009
1
Hardcover
212
Heavy
247589
978-0-415-44368-5
0-415-44368-7
Microfinance; Southeast Asia.
Annotation
The last twenty years have seen a transformation in the availability and use of credit among the less prosperous - though perhaps not the least prosperous - strata of Southeast Asian societies. Historically, Southeast Asia was seen as afflicted by a complex of debt-related problems: high levels of indebtedness; lack of savings; general scarcity of cash; high interest rates; widespread debt-bondage due to the great demand for credit and the high interest rates; and a need for advance payments in order to initiate commercial transactions. Colonial and early post-colonial governments had only limited success in displacing private moneylenders and other informal credit providers.
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