Microfinance in Post-Conflict Liberia: Implications and Challenges

S-CAR Journal Article
Samuel Wai Johnson
Samuel Wai Johnson
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Microfinance in Post-Conflict Liberia: Implications and Challenges
Volume: 34
Issue: 1
Pages: 41-59
Abstract

This paper seeks to understand whther microfinace is meeting its social goals in post-conflict Liberia. Pioneered by non-governmental organizations (NGOs), microfinance has emerged as a powerful new tool for the delivery of financial services to Liberia's poor. Apart form deepening Liberia's financial frontier, microfinance is enabling the war affected population to attain some degree of economic independence and communities devastatetd by the war to leverage local resources and build equity. the client base and the loan portfolio of Microfinance Institutions (MFIs) are increasing, with evidence that sustainable microfinance services are possible in Liberia. There however remain unanswered several questions about the outreach and the products offered by the MFIs, which inhibit any effective argument about whether MFIs are fulfilling their social mission.

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