TY  - UNPD
A1  - Schmidt, Reinhard H.
T1  - Microfinance – once and today
T2  - SAFE white paper series ; 48
N2  - The German savings and cooperative banks of the 19th century were precursors of modern microfinance. They provided access to financial services for the majority of the German population, which was formerly excluded from bank funding. Furthermore, they did this at low costs for themselves and affordable prices for their clients. By creating networks of financially viable and stable financial institutions covering the entire country, they contributed significantly to building a sound and “inclusive” financial infrastructure in Germany. A look back at the history of German savings and cooperative banks and combining these experiences with the lessons learned from modern microfinance can guide current policy and be valuable for present and future models of microfinance business.
T3  - SAFE white paper series - 48 
KW  - Microfinance
KW  - German savings banks
KW  - German cooperative banks
KW  - Inclusive Finance
Y1  - 2017
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/43884
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-438846
UR  - http://safe-frankfurt.de/de/policy-center/publikationen/detailsview/publicationname/microfinance-once-and-today.html
PB  - SAFE
CY  - Frankfurt am Main
ER  -