Social and Behavioral Sciences Commons^™

Microfinance As An Effective Development Solution: The Case Of Mongolia, Kjersten Adams

Undergraduate Honors Capstone Projects

Microfinance is increasingly looked at as a development solution for countries around the world. Its development and practice in former communist countries, however, has been relatively unexplored. This study seeks to fill this gap by asking how the practice and operation of microfinance in Mongolia compare to global best practices. Using global best practice frameworks regarding regulatory and organizational environments for microfinance, data gathered from surveys and onsite training observations at Xacbank is used to assess Mongolia's financial sector and its relative compliance to said practices. The analysis helps address the question of whether microfinance has helped or hindered Mongolian …