## Abstract Provision of safe water supplies is a priority for the global community and for villages in Kenya. An extended case study from the highlands of Western Kenya shows that local communities can be successful in selfβorganisation for improved water supply, but only by mobilising considerabl
The impact of microfinance institutions in local financial markets: a case study from Kenya
β Scribed by Susan Johnson
- Publisher
- John Wiley and Sons
- Year
- 2004
- Tongue
- English
- Weight
- 129 KB
- Volume
- 16
- Category
- Article
- ISSN
- 0954-1748
- DOI
- 10.1002/jid.1088
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β¦ Synopsis
Abstract
This paper looks beyond the direct impact of microcredit provision on users to examine whether microfinance institutions (MFIs) have had wider impacts within the local financial markets in which they are operating. It considers the potential for both competition and demonstration effects on other financial providers. In the context of local financial markets in and around the small town of Karatina in Central Kenya, supply side information is used to investigate the key changes in provision between 1999 and 2003. The paper concludes that changing macroeconomic conditions have been the main driver increasing competition for middle and lower income clients and that few competition or demonstration effects resulting from the MFIs are in evidence. Copyright Β© 2004 John Wiley & Sons, Ltd.
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