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Risk Management Among the Poor : The Case of Microfinancial Services
Arun, Thankom Gopinath - 2010
This paper argues that the level of financial services provision determines the risk management strategies among the poor. The paper estimates the determinants of the household's use of one, two or all three types of microfinancial services applying ordered probit models and additionally probit...
Persistent link: https://www.econbiz.de/10013138260
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The Costs of Favoritism : Is Politically-Driven Aid Less Effective?
Dreher, Axel - 2010
As is now well documented, aid is given for both political as well as economic reasons. The conventional wisdom is that politically-motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that...
Persistent link: https://www.econbiz.de/10013146478
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Are Microloans Bad for Growth?
Emerson, Patrick M. - 2010
This paper constructs a two-period overlapping generations model of human capital investment decisions where a microloan program designed to finance entrepreneurial activities is active. It is shown that, in the presence of human capital externalities (social returns to education) there exists a...
Persistent link: https://www.econbiz.de/10013136775
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Why Have Lending Programs Targeting Disadvantaged Small-Business Borrowers Achieved so Little Success in the United States?
Bates, Timothy - 2010
Small business lending programs designed to move disadvantaged low-income people into business ownership have been difficult to implement successfully in the U.S. context. Based in part on the premise that financing requirements are an entry barrier limiting the ability of aspiring entrepreneurs...
Persistent link: https://www.econbiz.de/10013137555
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Behavioral Foundations of Microcredit : Experimental and Survey Evidence from Rural India
Bauer, Michal - 2014
Microcredit is an innovative financial tool designed to reduce poverty and fix credit market imperfections. We use …
Persistent link: https://www.econbiz.de/10013069930
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Demand Side Analysis of Microlending Markets in Germany
Kritikos, Alexander - 2009
In developing and transition economies, microlending has become an effective instrument for providing micro businesses with the necessary financial resources to launch operations. In the industrialized countries, with their highly developed banking systems, however, there has been ongoing debate...
Persistent link: https://www.econbiz.de/10013158049
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Empowering the Vulnerable to Be Entrepreneurs : An Empirical Test on the Effectiveness of the Ghana Microfinance Policy 2006
Diaz-Serrano, Luis - 2016
The study aims at testing the Ghana Microfinance Policy set up to support the vulnerable through access to credit. We … entrepreneurs in the rationing behavior of the microfinance companies. This is what we should expect if the policy is effective. Our … results show that even after controlling for a large number of borrower characteristics, microfinance type and credit …
Persistent link: https://www.econbiz.de/10012979861
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Is Rationing in the Microfinance Sector Determined by the Microfinance Type? Evidence from Ghana
Diaz-Serrano, Luis - 2015
microfinance type based on the major factors determining micro, small and medium enterprises' access to credit from microfinance … institutions in the era of financial liberalization. The data for the study were gleaned from fourteen microfinance institutions … rationing is not influenced by the microfinance types but by the individual microfinance institutions …
Persistent link: https://www.econbiz.de/10013023752
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The Impact of Micro-Credit on Employment : Evidence from Bangladesh and Pakistan
Kahn, Azhar - 2016
This paper examines the impact of micro-credit on employment. Household-level data was collected, following a quasi-experimental design, in Bangladesh and Pakistan. Three borrower groups are compared: Current borrowers; Pipeline borrowers and Non-borrowers. Pipeline borrowers are included to...
Persistent link: https://www.econbiz.de/10012986762
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Win Some Lose Some? Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco
Angelucci, Manuela - 2014
Theory and evidence have raised concerns that microcredit does more harm than good, particularly when offered at high interest rates. We use a clustered randomized trial, and household surveys of eligible borrowers and their businesses, to estimate impacts from an expansion of group lending at...
Persistent link: https://www.econbiz.de/10013063643