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of microfinance initiatives, can be informal intermediation. That is, some entrepreneurial borrowers become informal intermediaries between microfinance initiatives and poorer micro-entrepreneurs. Those who more easily qualify for microfinance split loans into smaller credit to poorer borrowers.
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refers to a process matching two sides of a market, such as buyers and sellers by an third party such as a broker, agent, or wholesaler. The most common example of intermediation is in the finance industry where it involves the matching of lenders with borrowers by a
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who can take market share off competitors or develop whole new markets is one of the most vital (and intangible) skills any banking system can possess. An unexpected form of entrepreneurship, and
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Informal intermediation ranges from casual intermediaries at the good or benign end of the spectrum to 'loan sharks' at the professional and sometimes criminal end of the spectrum.
49:'s speculative play with the funds provided by the bank does not pay off, the bank can face significant losses on its loan portfolio, and if the bank fails its
115:"Microfinance for poverty alleviation: Do transnational initiatives overlook fundamental questions of competition and intermediation?"
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If this matching is successful, the lender obtains a positive rate of return, the borrower receives a return for risk taking and
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can lose some of their money if the deposits are not insured by a third party.
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occurs when potential lenders and borrowers interact more directly in the
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125:(3). United Nations Conference on Trade and Development: 103–117.
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receives a return for making the successful match. If the
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Arp, Frithjof; Ardisa, Alvin; Ardisa, Alviani (2017).
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The matching of lenders to borrowers by a third party
56:The skill of identifying potential successful new
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103:, by Franklin Allen and Anthony M. Santomero
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75:, avoiding the intermediation of banks.
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100:The Theory of Financial Intermediation
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19:For the religious term, see
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151:. UNCTAD/DIAE/IA/2017D4A8.
119:Transnational Corporations
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62:unintended consequence
131:10.18356/10695889-en
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27:Intermediation
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21:Intercession
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41:and the
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43:banker
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