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The impact of micro-credit interventions on existing credit markets is theoretically ambiguous. Previous empirical work suggests the entry of a joint-liability lender may lead to a positive impact on the informal lending rate. This paper presents the first randomized controlled trial-based...
Persistent link: https://www.econbiz.de/10012959136
Microfinance is generally seen as a way to fix credit markets and unleash the productive capacities of poor people who … are dependent on self-employment. The microfinance sector has grown quickly since the 1990s, paving the way for other …, generating a backlash against microfinance. This paper reconsiders the claims about microfinance, highlighting the diversity in …
Persistent link: https://www.econbiz.de/10012942940
"The Impact of Microcredit on the Poor in Bangladesh: Revisiting the Evidence," by David Roodman and Jonathan Morduch (2014) (henceforth RM) is the most recent of a sequence of papers and web postings that seeks to refute the findings of the Pitt and Khandker (1998; henceforth PK) article "The...
Persistent link: https://www.econbiz.de/10012973426
This paper addresses whether microcredit participants in Bangladesh are trapped in poverty and debt, as many critics have argued in recent years. Analysis of data from a long panel survey over a 20-year period confirms this is not the case, although numerous participants have been with...
Persistent link: https://www.econbiz.de/10012974490
"The Impact of Microcredit on the Poor in Bangladesh: Revisiting the Evidence," by David Roodman and Jonathan Morduch (2011) is the most recent of a sequence of papers and postings that seeks to refute the findings of the Pitt and Khandker (1998) article "The Impact of Group-Based Credit on Poor...
Persistent link: https://www.econbiz.de/10012974814
Microfinance is often criticized for not adequately addressing seasonality and hard-core poverty. In Bangladesh, a … program known as PRIME was introduced in 2006 to address both concerns. Unlike regular microfinance, PRIME introduces a … microfinance scheme that offers a flexible repayment schedule and consumption smoothing, as well as production, loans. It targets …
Persistent link: https://www.econbiz.de/10012976509
, Ghana, Indonesia, Nigeria, Pakistan and the Philippines, to highlight key aspects of their characteristics and experience of … example, measured management practices differ widely across local governments of a single state in Nigeria. Surveys of civil …
Persistent link: https://www.econbiz.de/10012957069
Nigeria. The threshold expenditure for the middle class in Nigeria is found to be 378.39 Naira per capita per day (2010 PPP …). Relying on this threshold and through survey-to-survey imputation the size of Nigeria's middle class in 2003 is also estimated … percent to 19 percent. Nevertheless the results still paint a heterogeneous picture of poverty and the middle class in Nigeria …
Persistent link: https://www.econbiz.de/10012972027
This paper evaluates effectiveness of microfinance using Propensity Score Matching (PSM) method applied to data … the original study and provide more nuanced evidence by comparing Microfinance Institution (MFI) borrowers to those … true microfinance impact. The results suggest that microfinance can make a modest difference for some households in several …
Persistent link: https://www.econbiz.de/10012958503
Many microenterprises in developing countries have high returns to capital, but also face risky revenue streams. In principle, equity offers several advantages over debt when financing investments of this nature, but the use of equity in practice has been largely limited to investments in much...
Persistent link: https://www.econbiz.de/10012889427