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This paper examines the work of the Village Enterprise Fund, an US nongovernmental organization, in East Africa as a case study in ''equity'' based microfinance in low-income countries. Many small businesses established in high-income countries rely on some form of equity capital to fund the startup phase and much of the growth of the business. The success of startup grants and equity financing in...
We summarize lessons learned by a credit program for women in Burkina Faso. Three observations are made regarding program design: (a) high membership turnover means mutual guarantee groups should be smaller and more central to nonrepayment penalties; (b) high turnover in economic activities implies more training in best practices and more variety and experimentation in credit and savings mechanisms;...
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