Measuring The Impact Of Microcredit Programs In Albania

Author : Forcim Kola
Publisher : Cambridge Scholars Publishing
Page : 225 pages
File Size : 49,5 Mb
Release : 2017-01-06
Category : Business & Economics
ISBN : 9781443862714

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Measuring the Impact of Microcredit Programs in Albania by Forcim Kola Pdf

This book highlights a range of perspectives concerning the economic and social impact of microfinance products (especially microcredit) on their clients’ lives, scientifically analysing four distinct impact levels: namely, the individual level, the household level, the enterprise level, and the community level. Microcredit services enable low income people to move their family away from poverty and towards higher living standards, by increasing their business activity, improving their employment opportunities, and contributing to sustainable economic growth and development. Investigating the Albanian market, by assessing the impact of Albanian microfinance programs at each of the four above-mentioned impact levels, this book explores whether being a client of MFIs microfinance programmes brings positive changes to their lives and their community. The book uses various data collection techniques, such as surveys, interviews, quantitative measurements of financial data, and data processing methodologies including paired t-tests and a comparison-based data analysis methodology using a control group in order to support or reject the above hypothesis.

Author : World Bank
Publisher : World Bank Publications
Page : 204 pages
File Size : 45,9 Mb
Release : 2005
Category : Business
ISBN : 082136457X

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The World Bank Research Program 2004 by World Bank Pdf

The World Bank's research is intended to address critical issues and problems facing member governments in developing and transition economies. How can the governments of the poorest countries generate enough revenue to provide the education and health services essential to reducing poverty and promoting growth and development? How can poor countries attract investors to build the infrastructure their economies need? How can they develop systems to bring clean water to the 2 billion people without it today? How can they train teachers and bring to class the 115 million children who have not yet received any education? And how can rich countries be persuaded to lower market barriers, helping to reverse the decline in export prices for poor countries that has left them earning less from trade today than in the 1970s? These are the types of questions that are addressed in this edition of 'The World Bank Research Program: Abstracts from Current Studies'. This volume reports on research projects initiated, under way, or completed from July 2003 through June 2004. It covers 151 research projects on several broad development related issues, including agriculture, health, education, environment, infrastructure, investment climate, and more. The abstract for each project describes the questions addressed, the analytic methods used, the findings to date, and policy implications.

Author : Beatriz Armendariz,Jonathan Morduch
Publisher : MIT Press
Page : 361 pages
File Size : 47,6 Mb
Release : 2007
Category : Business & Economics
ISBN : 9780262512015

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The Economics of Microfinance by Beatriz Armendariz,Jonathan Morduch Pdf

An assessment of "the microfinance revolution" from an economics perspective that draws on lessons from academia and international practice to challenge conventional assumptions.

Author : Milford Bateman
Publisher : Zed Books Ltd.
Page : 261 pages
File Size : 46,8 Mb
Release : 2010-06-10
Category : Business & Economics
ISBN : 9781848138957

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Why Doesn't Microfinance Work? by Milford Bateman Pdf

Since its emergence in the 1970s, microfinance has risen to become one of the most high-profile policies to address poverty in developing and transition countries. It is beloved of rock stars, movie stars, royalty, high-profile politicians and ‘troubleshooting’ economists. In this provocative and controversial analysis, Milford Bateman reveals that microfinance doesn’t actually work. In fact, the case for it has been largely built on hype, on egregious half-truths and – latterly – on the Wall Street-style greed of those promoting and working in microfinance. Using a multitude of case studies, from India to Cambodia, Bolivia to Uganda, Serbia to Mexico, Bateman demonstrates that microfi nance actually constitutes a major barrier to sustainable economic and social development, and thus also to sustainable poverty reduction. As developing and transition countries attempt to repair the devastation wrought by the global financial crisis, Why Doesn’t Microfinance Work? argues forcefully that the role of microfinance in development policy urgently needs to be reconsidered.

Author : IBP USA
Publisher : Lulu.com
Page : 294 pages
File Size : 40,5 Mb
Release : 1999-10-01
Category : Electronic
ISBN : 9780739735015

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Albania Foreign Policy and National Security Yearbook Volume 1 Strategic Information and Developments by IBP USA Pdf

Author : Manfred Zeller,Richard L. Meyer
Publisher : Intl Food Policy Res Inst
Page : 399 pages
File Size : 43,5 Mb
Release : 2002-01-01
Category : Business & Economics
ISBN : 9780801872266

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The Triangle of Microfinance by Manfred Zeller,Richard L. Meyer Pdf

Since the 1980s when the microfinance revolution began, much has been accomplished, but the field became more refined in the 1990s as a result of shifts in paradigms, strategies, and development practices. This volume addresses the three policy objectives that now occupy those who wish to use credit as a development tool: financial sustainability of microfinance institutions, outreach to the poor, and welfare impact. Inevitable tradeoffs exist among these objectives, and the book advances an analytical framework that assists students of and experts in microfinance to identify the tradeoffs and synergies at the institutional level and in the policy environment. The book features a wealth of empirical data and innovative analytical studies, and critically discusses the role of public support for microfinance institutions (MFIs) in light of the social costs and benefits generated by such financial systems. The book is organized into five parts. The first discusses the demand for and access to financial services by the poor, emphasizing that demand-oriented, pro-poor financial services are crucial in reaching the poor. The second is concerned with two of the criteria used to evaluate MFIs—outreach and financial sustainability. The third features innovative econometric studies seeking to evaluate the impact of MFIs at the household level. The fourth looks at the role of both public- and private-sector institutions in developing sustainable financial systems. And the fifth summarizes implications for policy and research. Given the lack of sound, empirical literature on microfinance, this volume is sure to advance knowledge and research methodology in the field.

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 95 pages
File Size : 54,5 Mb
Release : 2014-03-19
Category : Business & Economics
ISBN : 9781484339060

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Albania by International Monetary Fund. European Dept. Pdf

This paper discusses the Financial System Stability Assessment report on Albania. The IMF report states that the Albanian economy is weak, macroeconomic imbalances are large, and the financial sector faces several risks. Capital-to-asset ratios are sizable, but banks hold large amounts of government bonds that expose banks to sizeable losses in case of a sovereign debt re-pricing and balance sheets have deteriorated as a result of a rapid increase of nonperforming loans (NPLs). The authorities have taken steps to reduce the existing stock of NPLs with technical assistance from the World Bank.

Author : Beatriz Armendariz,Jonathan Morduch
Publisher : MIT Press
Page : 361 pages
File Size : 45,9 Mb
Release : 2010-04-23
Category : Business & Economics
ISBN : 9780262513982

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The Economics of Microfinance, second edition by Beatriz Armendariz,Jonathan Morduch Pdf

An accessible analysis of the global expansion of financial markets in poor communities, incorporating the latest thinking and evidence. The microfinance revolution has allowed more than 150 million poor people around the world to receive small loans without collateral, build up assets, and buy insurance. The idea that providing access to reliable and affordable financial services can have powerful economic and social effects has captured the imagination of policymakers, activists, bankers, and researchers around the world; the 2006 Nobel Peace Prize went to microfinance pioneer Muhammed Yunis and Grameen Bank of Bangladesh. This book offers an accessible and engaging analysis of the global expansion of financial markets in poor communities. It introduces readers to the key ideas driving microfinance, integrating theory with empirical data and addressing a range of issues, including savings and insurance, the role of women, impact measurement, and management incentives. This second edition has been updated throughout to reflect the latest data. A new chapter on commercialization describes the rapid growth in investment in microfinance institutions and the tensions inherent in the efforts to meet both social and financial objectives. The chapters on credit contracts, savings and insurance, and gender have been expanded substantially; a new section in the chapter on impact measurement describes the growing importance of randomized controlled trials; and the chapter on managing microfinance offers a new perspective on governance issues in transforming institutions. Appendixes and problem sets cover technical material.

Author : Robert Cull,Asli Demirguc-Kunt,Jonathan Morduch
Publisher : MIT Press
Page : 519 pages
File Size : 44,9 Mb
Release : 2021-08-03
Category : Business & Economics
ISBN : 9780262544016

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Banking the World by Robert Cull,Asli Demirguc-Kunt,Jonathan Morduch Pdf

Experts report on the latest research on extending access to financial services to the 2.5 billion adults around the world who lack it. About 2.5 billion adults, just over half the world's adult population, lack bank accounts. If we are to realize the goal of extending banking and other financial services to this vast “unbanked” population, we need to consider not only such product innovations as microfinance and mobile banking but also issues of data accuracy, impact assessment, risk mitigation, technology adaptation, financial literacy, and local context. In Banking the World, experts take up these topics, reporting on new research that will guide both policy makers and scholars in a broader push to extend financial markets. The contributors consider such topics as the complexity of surveying people about their use of financial services; evidence of the impact of financial services on income; the occasional negative effects of financial services on poor households, including disincentives to work and overindebtedness; and tools for improving access such as nontraditional credit scores, financial incentives for banking, and identification technologies that can dramatically reduce loan default rates.

Author : Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar
Publisher : World Bank Publications
Page : 148 pages
File Size : 43,5 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.

Author : Joanna Ledgerwood
Publisher : World Bank Publications
Page : 302 pages
File Size : 48,9 Mb
Release : 1998-12-01
Category : Business & Economics
ISBN : 9780821384312

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Microfinance Handbook by Joanna Ledgerwood Pdf

The purpose of the 'Microfinance Handbook' is to bring together in a single source guiding principles and tools that will promote sustainable microfinance and create viable institutions.

Author : Jude L. Fernando
Publisher : Routledge
Page : 226 pages
File Size : 40,8 Mb
Release : 2004-08-02
Category : Business & Economics
ISBN : 9781134333318

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Microfinance by Jude L. Fernando Pdf

Microfinance is defined as the financial services offered to the poor for the purpose of promoting small-scale enterprises, and as such it is one of the most important topics in development studies and a burgeoning area in economics. This volume provides a much-needed historical, political and economic dimension to the current knowledge on microfinance. Collectively, the contributors chart the relationship between the prevailing popularity of microfinance and the consolidation of neoliberal economic ideology worldwide. They demonstrate how microfinance, as a market-friendly approach to development, coincides with the global trend towards diminishing the role of the state in economic development, basic healthcare, education and welfare. The articles in the volume focus on the empirical analyses of the experience of microfinance in women’s everyday lives, but rejects the connection between microfinance and women’s empowerment so often imputed in literature. This book offers regional, cultural and other explanations for variable assessments of microfinance and empowerment. It fills a huge gap in published microfinance literature and will be of great interest to postgraduates and professionals in the fields of economics, international finance and banking.

Author : R. Mersland,Ø. Strøm
Publisher : Springer
Page : 300 pages
File Size : 43,7 Mb
Release : 2014-12-10
Category : Business & Economics
ISBN : 9781137399663

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Microfinance Institutions by R. Mersland,Ø. Strøm Pdf

Research on MFI performance is still in its infancy. MFIs are hybrid organizations with dual objectives. Performance studies in microfinance are therefore less straightforward compared to performance studies in traditional banking research. This book contains new MFI performance research by top scholars from across the globe.

Author : Angus Deaton
Publisher : World Bank Publications
Page : 492 pages
File Size : 49,8 Mb
Release : 1997
Category : Business & Economics
ISBN : 0801852544

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The Analysis of Household Surveys by Angus Deaton Pdf

Using data from several countries, including Cote d'Ivoire, India, Pakistan, Taiwan, and Thailand, this book analyzes household survey data from developing countries and illustrates how such data can be used to cast light on a range of short-term and long-term policy issues.

Author : Heywood W. Fleisig
Publisher : World Bank Publications
Page : 120 pages
File Size : 47,6 Mb
Release : 2006
Category : Law
ISBN : 9780821364918

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Reforming Collateral Laws to Expand Access to Finance by Heywood W. Fleisig Pdf

Most readers, especially those with car loans or home mortgages, know about "collateral"--property that the lender can take away from the borrower in the event that the borrower defaults. In low/middle income countries, it is understood that conservative lenders exclude firms from credit markets with their excessive collateral requirements. Usually, this is because only some property is acceptable as collateral: large holdings of urban real estate and, sometimes, new motor vehicles. Microenterprises, SMEs, and the poor have little of this property but they do have an array of productive assets that could easily be harnessed to serve as collateral. It is only the legal framework which prevents firms from using these assets to secure loans. In countries with reformed laws governing collateral, property such as equipment, inventory, accounts receivable, livestock are considered excellent collateral. This book aims to better equip project managers to implement reforms to the legal and institutional framework for collateral (secured transactions). It discusses the importance of movable property as a source of collateral for firms, the relationship between the legal framework governing movable assets and the financial sector consequences for firms (better loan terms, increased access, more competitive financial sector), and how reforms can be put in place to change the lending environment.