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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Microfinance in post-conflict Liberia: implications and challenges
Author:Johnson (Jr.), Samuel WaiISNI
Periodical:Liberian Studies Journal (ISSN 0024-1989)
Geographic term:Liberia
Abstract:Pioneered by nongovernmental organizations (NGOs), microfinance has emerged as a powerful new tool for the delivery of financial services to Liberia's poor. The two major microfinance NGOs operating in Liberia, namely Liberty Finance and the Local Enterprise and Assistance Programme (LEAP), are making efforts at expanding microfinance services in post-conflict Liberia. This paper examines the performance of these two microfinance institutions (MFIs), with a particular focus on their outreach; their products (are these products meeting the needs of the clients in terms of health, housing, income generation, etc.); and the benefits clients are deriving from these services. The client base and the loan portfolio of MFIs are increasing, with evidence that sustainable microfinance services are possible in Liberia. However, there remain several unanswered questions about the outreach and the products offered by the MFIs, which inhibit any effective argument about whether MFIs are fulfilling their social mission. Bibliogr., notes, ref., sum. [Journal abstract, edited]