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Sustainable Communities, Sustainable DevelopmentOther Paths for Papua New Guinea$
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Paul James, Yaso Nadarajah, Karen Haive, and Victoria Stead

Print publication date: 2012

Print ISBN-13: 9780824835880

Published to Hawaii Scholarship Online: November 2016

DOI: 10.21313/hawaii/9780824835880.001.0001

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Microfinance and Community Development

Microfinance and Community Development

(p.247) Chapter 8 Microfinance and Community Development
Sustainable Communities, Sustainable Development

Paul James

Yaso Nadarajah

Karen Haive

Victoria Stead

University of Hawai'i Press

This chapter discusses microfinance, microcredit, and other similar initiatives that support microenterprise. Many of these initiatives, especially in Asia, have reported tremendous successes and are increasingly touted as the solution for poverty alleviation, especially for the Global South. Some of these initiatives have also reported spectacular results in terms of their outreach as well as their lending and saving portfolios. The chapter then outlines of the origin and operation of microfinance and microcredit schemes and introduces some of the major schemes applied in Papua New Guinea. The Papua New Guinea Asian Development Bank (PNG-ADB) through the Bank of Papua New Guinea (the central bank) targeted service providers, donors, central banks, microfinance networks, and practitioners from Asia and Africa and the PNG microfinance fraternity as conference attendees.

Keywords:   microfinance, microcredit, microenterprise, Global South, PNG-ADB, Bank of Papua New Guinea

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