This paper addresses whether microcredit participants in Bangladesh are trapped in poverty and debt, as many critics …, invest in children's schooling, and be lifted out of poverty. This is not to say that non-participants have failed to … of poverty reduction have been higher for participants. Testing the net effect of microcredit programs requires applying …

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 …

Studies on the link between financial development and poverty have been inconclusive. Some claim that deeper financial … connected. The literature has also been ambiguous about the channels through which finance may be associated with lower poverty … that financial deepening is associated with lower poverty through different channels depending on the strength of property …

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 …

?" that microcredit for women had significant, favorable effects on poverty reduction. In this paper the authors show that …

This paper presents axiomatic arguments to make the case for distribution-sensitive multidimensional poverty measures … unambiguously poverty-increasing and they are also invariant to changes in the distribution of a given set of deprivations amongst … axiomatic justification for distribution-sensitive multidimensional poverty measures. Given the nonlinear structure of these …