The role of the State in microfinance

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Published: Sep 10, 2021
Updated: 2021-09-10
DOI: https://doi.org/10.20983/noesis.2015.2.6
Keywords:
Microfinance state poverty

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Celia Hernández Cortés
Universidad Autónoma de Tlaxcala.
http://orcid.org/0000-0002-3210-5136
Isabel Castillo Ramos
Universidad Autónoma de Tlaxcala
http://orcid.org/0000-0001-7761-3225
Jaime Ornelas Delgado
Universidad Autónoma de Tlaxcala
http://orcid.org/0000-0001-8013-3257

Abstract

State intervention has been traditionally justified saying that: “the purpose of any intervention is to improve the well-being of society and, in case of intervention in the financial markets, that goal takes the form of assurance of solvency and efficiency of the system” (Martínez, 2002: 747). Apart from the limitations and criticisms that we hold in this article about the viability of this instrument of public policy, to impact on the structural determinants of poverty, which unfortunately generalizes and deepens in the neoliberal form of capitalism, the purpose of this work is to attend a set of actions undertaken financing in other countries, and especially in Mexico, and the necessary government intervention to ensure the solvency of the institutions and the protection of the user population. It is, then, a collective reflection of a set of microfinance actions carried out in Mexico, which we can call additional of the formal financial market.

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How to Cite
Hernández Cortés, C., Castillo Ramos, I., & Ornelas Delgado, J. (2021). The role of the State in microfinance. Noesis. Journal of Social Sciences and Humanities, 24(48), 145–172. https://doi.org/10.20983/noesis.2015.2.6
Issue
Vol. 24 No. 48 (2015)
Section
Social Sciences
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This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Author Biographies

Celia Hernández Cortés, Universidad Autónoma de Tlaxcala.

Profesora - investigadora adscrita al Centro de Investigaciones Interdisciplinarias Sobre desarrollo Regional.

Isabel Castillo Ramos, Universidad Autónoma de Tlaxcala

Profesora - investigadora adscrita al Centro de Investigaciones Interdisciplinarias Sobre desarrollo Regional

Jaime Ornelas Delgado, Universidad Autónoma de Tlaxcala

Profesor - investigador adscrito al Centro de Investigaciones Interdisciplinarias Sobre desarrollo Regional

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