Bringing Finance To Pakistan S Poor

Author : Tatiana Nenova,Cecile Thioro Niang,Anjum Ahmad
Publisher : World Bank Publications
Page : 280 pages
File Size : 42,5 Mb
Release : 2009-11-13
Category : Business & Economics
ISBN : 082138032X

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Bringing Finance to Pakistan's Poor by Tatiana Nenova,Cecile Thioro Niang,Anjum Ahmad Pdf

Although access to financing in Pakistan is expanding quickly, it is two to four times lower than regional benchmarks. Half of Pakistani adults, mostly women, do not engage with the financial system at all, and only 14 percent have access to formal services. Credit for small- and medium-size enterprises is rationed by the financial system. The formal microfinance sector reaches less than 2 percent of the poor, as opposed to more than 25 percent in neighboring countries. Yet it is the micro- and small businesses, along with remittances, that help families escape the poverty trap and participate in the economy. 'Bringing Finance to Pakistan s Poor' is based on a pioneering and comprehensive survey and dataset that measures the access to financial products by Pakistani households. The survey included 10,305 households in all areas of the country, excluding the tribal regions. The accompanying CD contains summary statistics. The authors develop a picture of access to and usage of financial services across the country and across different population groups, and they identify policy and regulatory priorities. Reform measures in Pakistan have been timely, but alone are not enough; financial institutions have lagged behind in adopting technology, segmenting customer bases, diversifying products, and simplifying processes and procedures. Gender bias and low levels of financial literacy remain barriers, as is geographical remoteness. However, the single strongest cause of low financial access is lack of income not location, education, or even gender. 'Bringing Finance to Pakistan s Poor' will be of great interest to readers working in the areas of business and finance, economic policy, gender and rural development, and microfinance.

Author : Kassim, Salina,Othman, Anwar Hasan Abdullah,Haron, Razali
Publisher : IGI Global
Page : 410 pages
File Size : 42,6 Mb
Release : 2021-04-30
Category : Business & Economics
ISBN : 9781799868132

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Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis by Kassim, Salina,Othman, Anwar Hasan Abdullah,Haron, Razali Pdf

Social financial reporting as an economic tool presents the firm as a socio-economic unit with empowered social capital to enable a sustainable economic solution, particularly in response to the COVID-19 pandemic. Islamic social finance (ISF) is a corporate social responsibility initiative in the form of humanitarian and socio-development programs by Islamic financial institutions and Shariah-compliant corporations. ISF is applied through various methods and tools that structure based on Islamic Sharia Law. For example, Islamic social finance tools would either be philanthropic, involving activities such as zakat (obligatory alms-giving), Sadaqah (voluntary alms-giving/charity), and waqf (endowment) or ta’awun (cooperation-based activities), which include Qardh al-hasan (benevolent loan) and kafala (guarantee). Thus, Islamic social finance instruments play a vital role in alleviating poverty and addressing socio-economic issues such as illiteracy, unemployment, malnutrition, and health issues. As such, integrated ISF reporting can empower sustainable economic development and lead to recovery. The Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis provides insights on the role of Islamic social finance in supporting and facilitating economic recovery in the post-COVID-19 era as well as reducing poverty and addressing the challenges of socio-economic problems such as education, unemployment, malnutrition, and health issues. This book is ideally intended for practitioners, stakeholders, researchers, academicians, and students who are interested in improving their understanding on the role of Islamic social finance theoretically and empirically in solving the issue of poverty and developing excellent funds management to achieve economic empowerment with better environmental sustainability.

Author : Thyra A. Riley,Anoma Kulathunga
Publisher : World Bank Publications
Page : 242 pages
File Size : 48,8 Mb
Release : 2017-09-11
Category : Business & Economics
ISBN : 9781464810893

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Bringing E-money to the Poor by Thyra A. Riley,Anoma Kulathunga Pdf

Moving toward universal access to financial services is within reach, thanks to new technologies, transformative business models, and ambitious reforms. Instruments such as e-money accounts and mobile accounts, along with debit cards and low-cost traditional bank accounts, can significantly increase financial access for those who are excluded. Bringing e-Money to the Poor: Successes and Failures examines the lessons of success from four country case studies of “gazelles†?†•Kenya, South Africa, Sri Lanka, and Thailand†•that leapt from limitation to innovation by successfully enabling the deployment of e-money technology. These countries have thereby transformed the landscape of financial access to their poor. In addition, two country case studies (Maldives and the Philippines) yield lessons learned from constraints that stalled e-money deployments. Because technology is not a silver bullet, the case studies also explore other strategic elements that need to be in place for a country to expand access to financial services through digital technology.

Author : Doris Köhn
Publisher : Springer
Page : 295 pages
File Size : 51,9 Mb
Release : 2014-02-19
Category : Business & Economics
ISBN : 9783642540349

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Finance for Food by Doris Köhn Pdf

This book reflects the current state of discussion about agricultural and rural finance in developing and transition countries. It provides insight into specific themes, such as commodity value chains, farm banking and risk management in agricultural banking, structured finance, crop insurance, mobile banking and how to increase effectiveness in rural finance. Case studies illustrate various aspects of agricultural and rural finance in developing economies. The book is based on one of the yearly financial Sector Development Symposia held by the KfW Development Bank.

Author : Jacqueline Novogratz
Publisher : Rodale Books
Page : 274 pages
File Size : 45,5 Mb
Release : 2010-02-16
Category : Business & Economics
ISBN : 9781605296708

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The Blue Sweater by Jacqueline Novogratz Pdf

NEW YORK TIMES BESTSELLER • “A visionary book . . . devoted to providing opportunity to poor people in all countries in an interconnected world.”—Deepak Chopra “An inspiring book by a remarkable woman.”—People It all started with the blue sweater, the one my uncle Ed gave me. . . . The blue sweater had made a complex journey, from my closet in Alexandria, Virginia, to a young child in Kigali, the capital of Rwanda. . . . The story of the blue sweater has always reminded me of how we are all connected. Our actions—and inaction—touch people we may never know and never meet across the globe. Jacqueline Novogratz left a career in international banking to spend her life on a quest to understand global poverty and find powerful new ways of tackling it. From her first stumbling efforts as a young idealist venturing forth in Africa to the creation of the trailblazing organization she runs today, Novogratz tells gripping stories with unforgettable characters. She shows how traditional charity often fails, but how a new form of philanthropic investing called “patient capital” can help make people self-sufficient and can change millions of lives. More than just an autobiography or a how-to guide to addressing poverty, The Blue Sweater is a call to action that challenges us to grant dignity to the poor and to rethink our engagement with the world. Jacqueline will donate her paperback royalties to Acumen Fund and other organizations fighting for social change.

Author : Ministry of Finance, Government of India
Publisher : Oxford University Press
Page : 576 pages
File Size : 48,9 Mb
Release : 2018-03-31
Category : Business & Economics
ISBN : 9780199094134

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Economic Survey 2017-18 (Volume I and Volume II) by Ministry of Finance, Government of India Pdf

The Economic Survey is the budget document of the Government of India. It presents the state of affairs of the Indian economy. Economic Survey 2017-18 consists of two volumes. Volume I provides an analytical overview of the performance of the Indian economy during the financial year 2017-18. It highlights the long-term challenges facing the economy. Volume II is a descriptive review of the major sectors of the economy. It emphasizes economic reforms of contemporary relevance like GST, the investment-saving slowdown, fiscal federalism and accountability, gender inequality, climate change and agriculture, science and technology, among others.

Author : United States. Congress. House. Committee on Appropriations. Subcommittee on Foreign Operations, Export Financing, and Related Programs
Publisher : Unknown
Page : 1488 pages
File Size : 52,7 Mb
Release : 2004
Category : Business & Economics
ISBN : MINN:31951D02461664S

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Foreign Operations, Export Financing, and Related Programs Appropriations for 2005 by United States. Congress. House. Committee on Appropriations. Subcommittee on Foreign Operations, Export Financing, and Related Programs Pdf

Author : Matt Seybold,Michelle Chihara
Publisher : Routledge
Page : 424 pages
File Size : 55,6 Mb
Release : 2018-09-17
Category : Literary Criticism
ISBN : 9781317278108

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The Routledge Companion to Literature and Economics by Matt Seybold,Michelle Chihara Pdf

The study of literature and economics is by no means a new one, but since the financial crash of 2008, the field has grown considerably with a broad range of both fiction and criticism. The Routledge Companion to Literature and Economics is the first authoritative guide tying together the seemingly disparate areas of literature and economics. Drawing together 38 critics, the Companion offers both an introduction and a springboard to this sometimes complex but highly relevant field. With sections on "Critical traditions," "Histories," "Principles," and "Contemporary culture," the book looks at examples from Medieval and Renaissance literature through to poetry of the Great Depression and novels depicting the 2008 financial crisis. Covering topics from Austen to austerity, Marxism to modernism, the collated essays offer indispensable analysis of the relationship between literary studies and the economy. Representing a wide spectrum of approaches, this book introduces the basics of economics, while engaging with essential theory and debate. As the reality of economic hardship and disparity is widely acknowledged and spreads across disciplines, this Companion offers students and scholars a chance to enter this crucially important interdisciplinary area.

Author : Scott Moeller
Publisher : Bloomsbury Publishing
Page : 639 pages
File Size : 44,8 Mb
Release : 2012-04-26
Category : Business & Economics
ISBN : 9781849300599

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Finance Essentials by Scott Moeller Pdf

Collated by Scott Moeller of Cass Business School, this collection brings together the informative articles a budding finance practitioner needs to operate effectively in today's corporate environment. Bringing together core finance knowledge and cutting-edge research topics in an engaging and effective way, this text is the ideal companion for all practitioners and students of finance. You will find insights into the practical applications of theory in key areas such as balance sheets and cash flow, financial regulation and compliance, funding and investment, governance and ethics, mergers and acquisitions, and operations and performance. Contributors to this collection include some of the leading experts in their respective fields: Aswath Damodaran, Harold Bierman, Jr, Andreas Jobst, Frank J. Fabozzi, Ian Bremmer, Javier Estrada, Marc J. Epstein, Henrik Cronqvist, Daud Vicary Abdullah, Meziane Lasfer, Dean Karlan, Norman Marks, Seth Armitage, and many others. In this collection you will discover: * Over 80 best-practice articles, providing the best guidance on issues ranging from risk management and capital structure optimization through to market responses to M&A transactions and general corporate governance * Over 65 checklists forming step-by-step guides to essential tasks, from hedging interest rates to calculating your total economic capital * 55 carefully selected calculations and ratios to monitor firms' financial health * A fully featured business and finance dictionary with over 5,000 definitions

Author : World Bank Group
Publisher : World Bank Publications
Page : 225 pages
File Size : 47,8 Mb
Release : 2013-11-07
Category : Business & Economics
ISBN : 9780821399903

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Global Financial Development Report 2014 by World Bank Group Pdf

The second issue in a new series, Global Financial Development Report 2014 takes a step back and re-examines financial inclusion from the perspective of new global datasets and new evidence. It builds on a critical mass of new research and operational work produced by World Bank Group staff as well as outside researchers and contributors.

Author : Ben Quinones,Joe Remenyi
Publisher : Routledge
Page : 321 pages
File Size : 55,9 Mb
Release : 2014-02-04
Category : Business & Economics
ISBN : 9781317762591

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Microfinance and Poverty Alleviation by Ben Quinones,Joe Remenyi Pdf

Despite the considerable economic growth of the Asia-Pacific, poverty continues to be a major problem. One key way to create sustainable livelihoods and to provide poor households an escape route from poverty is microfinance. Since the early 1980s, microfinance practitioners have proven that the poor are creditworthy, capable of utilizing scarce capital efficiently in viable incom-generating projects and able to pay back their loans. This book collects the experience of microfinance practitioners in 11 countries in the Asia-Pacific region to describe the present state of the art. It is designed to provide an overview of the subject: why it is so essential to poverty reduction; what is the best practice; what kind of policy framework and regulatory environment is required. It offers both an extensive survey of the academic literature and a selection of case studies, all from authors who have been active practitioners in microfinance for many years. The case studies cover four key countries in South Asia and three countries in East Asia in which microfinance had become particularly important. There is also a regional chapter covering the Pacific islands.

Author : Abdelrahman Elzahi Saaid Ali,Khalifa Mohamed Ali,Muhammad Khaleequzzaman
Publisher : Springer Nature
Page : 262 pages
File Size : 46,7 Mb
Release : 2020-07-01
Category : Business & Economics
ISBN : 9783030399351

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Enhancing Financial Inclusion through Islamic Finance, Volume I by Abdelrahman Elzahi Saaid Ali,Khalifa Mohamed Ali,Muhammad Khaleequzzaman Pdf

This book, the first of two volumes, highlights the concept of financial inclusion from the Islamic perspective. An important element of the Sustainable Development Goals (SDGs), financial inclusion has been given significant prominence in reform and development agendas proposed by the United Nations and G-20. The significance of Islamic financial inclusion goes beyond improved access to finance to encompass enhanced access to savings and risk mitigation products, as well as social inclusion that allows individuals and companies to engage more actively in the real economy. It represents one of the important drivers of economic growth. Gender disparity exists within financial access and its extent varies widely across world economies. South Asia, the Middle East and North Africa have the largest gender gaps, with women in these regions being forty per cent less likely than men to have a formal account at a financial institution. Analysing how Islamic financial inclusion can empower individuals, this volume explores the contribution of Islamic microfinance in achieving SDGs and solving income and wealth inequality. Comprising a combination of empirical evidence, theory and modelling, this edited collection illustrates how to improve access to finance, making it essential reading for those researching both Islamic finance and development finance.

Author : Aban Haq,Mehnaz Safavian
Publisher : World Bank Publications
Page : 82 pages
File Size : 54,9 Mb
Release : 2013-06-28
Category : Business & Economics
ISBN : 9780821398333

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Are Pakistan's Women Entrepreneurs Being Served by the Microfinance Sector? by Aban Haq,Mehnaz Safavian Pdf

Fostering the entrepreneurship of women is important for Pakistan's economic growth and inclusion agenda, and access to financial services is an important component of starting and growing a business for women entrepreneurs. The original purpose of Are Pakistan's Women Entrepreneurs Being Served by the Microfinance Sector? was to determine whether women entrepreneurs have access to, and are using, microfinance loans as a source of finance for their businesses. However, the findings of the book go beyond the narrow objective of understanding whether microfinance providers are reaching Pakistan's businesswomen. As the research unfolded, the evidence suggested that not only are women entrepreneurs not being served, but also most of the loans for women clients are actually being used by a male family member-a brother, a son, a husband, a father. Actual numbers are hard to pin down, but an estimated 50 to 70 percent of the loans on the books for women clients are solely used by another household member, while the woman 'borrower' is responsible for attending all the group meetings, all repayments or delinquencies, and all the transactions costs. This book focuses on products, services, policies, and other elements of the business model of microfinance in Pakistan that affect both demand for and access to microfinance by women borrowers, some of whom fall into the narrower category of entrepreneurs. Financial services are important for women who are starting and growing a business, but in Pakistan microfinance providers are not reaching the country's businesswomen. Most loans made to women borrowers are passed on to male relatives, many loan products for women are not suitable for small businesses, and discriminatory practices are pervasive. The information presented in Are Pakistan's Women Entrepreneurs Being Served by the Microfinance Sector? will be useful to development practitioners, entrepreneurs, policy makers, businesswomen, and students of microfinance in Pakistan and around the world.

Author : Cecile T. Niang
Publisher : World Bank Publications
Page : 104 pages
File Size : 43,9 Mb
Release : 2013-03-12
Category : Business & Economics
ISBN : 9780821398340

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Connecting the Disconnected by Cecile T. Niang Pdf

Connecting the Disconnected presents the findings of the field research designed to evaluate financial practices and strategies among urban and rural Bhutanese households. The study was commissioned in 2012 by the Royal Monetary Authority of Bhutan and the World Bank to provide qualitative evidence to the country's Financial Inclusion Policy. The book explores where, how, and why diff erent demographic groups save, borrow, send remittances, and insure themselves; it also evaluates the potential for innovations to extend fi nancial inclusion. Analysis of results from focus group discussions and in-depth interviews reveals three key patterns: Bhutan is a cash-based economy where households have a vibrant, if informal, savings and lending culture; rural areas are particularly underserved by formal fi nancial services; and women and youth represent an untapped market segment. The book reveals a demand for financial services with less complex and time-consuming banking procedures than are currently off ered-in particular, small, periodic savings and loan services; more accessible deposit and withdrawal services; and flexible loan requirements. In response to the demand for saving locally and in small amounts, group savings schemes and cooperatives are slowly emerging in Bhutan. These could serve rural communities until households become integrated into the formal financial system, though support and capacity building will be critical to ensure that savings are protected. Households struggle with banks' requirements and procedures and turn instead to informal lenders. Even households with some access to the formal fi nancial sector continue to use informal financing. The findings highlight a need for formal microfinance services providing small group and individual loans with flexible repayments. Savings strategies and attitudes suggest that Bhutanese households could benefit from fi nancial literacy education. More eff ective consumer protection is also needed. For instance, dispute resolution that is easily accessed would increase trust in the fi nancial sector. Also, the spread of mobile phone banking has been constrained by the limited mobile banking technology in use and low English-language literacy. However, the widespread use of mobile phones suggests that innovative technology could create new opportunities. Other innovative strategies worth considering include branchless banking to improve fi nancial access in remote areas. Finally, use of insurance services appears to be limited by a lack of knowledge. Remittances are used to send money both within Bhutan and abroad, but many rural communities lack access to formal remittance services and must rely instead on informal-and often expensive-options.

Author : Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar
Publisher : World Bank Publications
Page : 148 pages
File Size : 49,8 Mb
Release : 2018-04-19
Category : Business & Economics
ISBN : 9781464812682

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The Global Findex Database 2017 by Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar Pdf

In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.