Microfinance : from village to Wall Street / Tor Jansson.

The state of microfinance in Latin America, 1 -- Microfinance: an emerging industry, 1 -- Emphasis on growth, efficiency and profitability, 3 -- MFIs battling economic recession in Bolivia, Colombia and Peru, 5 -- Getting the regulatory framework right, 8 -- The motivations of regulatory reform, 8 -- The distinctive features of microfinance, 8 -- Step 1. Define what needs to be regulated, 9 -- Step 2. Use the definition of microcredit to tailor regulations, 10 -- Step 3. Don't forget about supervision and credit bureaus, 12 -- The next challenge: integrating microfinance into mainstream financial markets, 14 -- Initiatives to increase MFI access to financial and capital markets, 15 -- Remaining problems of transaction costs and liquidity, 17.