Alchemists for the Poor: NGOs as Financial Institutions
By Deborah Drake, María Otero - Published: 1992
Nonprofit microfinance institutions confront a tremendous gap between the demand for their credit services and their own capacity to respond. This monograph suggests a set of characteristics NGOs should possess before engaging in financial intermediation. It offers examples of how NGOs have formed links with the formal financial sector. The final chapter outlines policy and program recommendations for governments, donors and implementing agencies.
