Microfinance As A Driving Force For Socio Economic Development In Emerging Economies Measuring Its Effectiveness In North India

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Microfinance as a driving force for socio-economic development in emerging economies. Measuring its effectiveness in North India

Kumar Deepam
Microfinance as a driving force for socio economic development in emerging economies Measuring its effectiveness in North India Book PDF

Author : Kumar Deepam
Publisher : GRIN Verlag
Page : 88 pages
File Size : 47,6 Mb
Release : 2015-11-20
Category : Political Science
ISBN : 9783668091153

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Microfinance as a driving force for socio-economic development in emerging economies. Measuring its effectiveness in North India by Kumar Deepam Pdf

Master's Thesis from the year 2015 in the subject Business economics - Economic Policy, grade: A2, University of Limerick (Kemmy Business School), course: MSc in Financial Services, language: English, abstract: This thesis examines the effectiveness of microfinance in the socio-economic development with the major focus on poverty reduction and gender equality (in the sense of women empowerment) in Northern part of India. The purpose of this research is to measure the effectiveness of microfinance in the sense of socio-economic development in the Northern part of India. The aim has been accomplished by using the methods of statistical analysis and through the examination of primary and secondary data. The methods of data analysis that were employed in the research incorporated chi-square tests, independent sample t-tests and binary logistic regressions. The data has been analysed based on the survey of 100 respondents, who were below nationally defined poverty line in Lucknow (Major metropolitan city of North India) and areas nearby. The survey data was divided into two parts i.e. 60% of the respondents were the non-microfinance respondents and remaining 40% were the microfinance recipients. Recommendations regarding the research have been based on the findings from the analysis. Findings of the study have shown that young entrepreneurs who are below poverty line are more likely to apply for the micro loan. This has been explained by the binary logistic regression analysis of the whole sample. Further, the findings show that microfinance has very low outreach in North India. This has been explained by the data from the MIX market, level of awareness of microfinance among the non-microfinance respondents and the case study of Nat Purva Village near Lucknow. Furthermore, the results disclosed that microfinance recipients face difficulty while applying to micro loan due to which they also face difficulty in paying the loan amount with interest back. This has been explained by the chi-square test and binary logistic regression analysis of the responses from the microfinance recipients. However, overall impact of microfinance on both poverty reduction and gender equality is turned out to be positive. This has been explained by MFI’s major focus on women entrepreneurs, changes in social and economic conditions of the recipients after taking the micro loan, expenditure of the recipients on education of children, recipient’s recommendations regarding micro loan and the ability of recipients to apply for the micro loan again.

Microfinance 3.0

Doris Köhn
Microfinance 3 0 Book PDF

Author : Doris Köhn
Publisher : Springer
Page : 199 pages
File Size : 51,7 Mb
Release : 2013-12-02
Category : Business & Economics
ISBN : 9783642417047

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Microfinance 3.0 by Doris Köhn Pdf

This book focuses on the achievements, current trends and further potential of microfinance to scale-up and serve many more clients with financial services that enable them to improve their living conditions. The book asks what it takes to achieve sustainable impact: to know your clients and to understand their needs, to treat them in a fair and transparent way, and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds light on the future funding landscape and what is necessary to bring more commercial funders on board while ensuring that these new funders will continue the commitment to responsible finance. While being forward looking, the book reflects the debate on core values of microfinance, triggered by recent criticisms of an approach that was hailed as a panacea in the beginning and which had proved over time as one of the most effective models of development finance. These criticisms emerged over signs of overheating in some markets, particularly the 2010 events in Andhra Pradesh, and turned into an assumption of a worldwide microfinance crisis, putting seriously at stake the good reputation microfinance had enjoyed so far.

Microfinance for Entrepreneurial Development

Douglas Cumming,Yizhe Dong,Wenxuan Hou,Binayak Sen
Microfinance for Entrepreneurial Development Book PDF

Author : Douglas Cumming,Yizhe Dong,Wenxuan Hou,Binayak Sen
Publisher : Springer
Page : 224 pages
File Size : 41,5 Mb
Release : 2017-09-28
Category : Business & Economics
ISBN : 9783319621111

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Microfinance for Entrepreneurial Development by Douglas Cumming,Yizhe Dong,Wenxuan Hou,Binayak Sen Pdf

This edited collection presents recent developments, practical innovations, and policy reforms in the realm of microfinance in emerging markets. Microfinance has been hotly debated by ever-colliding camps of ardent supporters, who believe that microfinance addresses credit market failures and provides a durable answer to the problem of the poverty, and staunch critics, who argue that lending by microfinance institutions is wasteful, and the interest rates are too high. To bring further insight into this important debate, this book presents comprehensive historical, political, and economic perspectives on the latest issues in microfinance. An impressive array of scholars and practitioners build a framework for thinking about regulation to drive sustainable, inclusive development. With case studies of programs in India, Ghana, and Bangladesh, and examinations of the effects of gender and religion on financial decision-making, this comprehensive collection offers something valuable to scholars, policymakers, and practitioners—anyone with a vested interest in promoting innovation in microfinance.

Microfinance and Development in Emerging Economies

Nishi Malhotra
Microfinance and Development in Emerging Economies Book PDF

Author : Nishi Malhotra
Publisher : Emerald Group Publishing
Page : 223 pages
File Size : 45,9 Mb
Release : 2023-09-04
Category : Business & Economics
ISBN : 9781837538287

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Microfinance and Development in Emerging Economies by Nishi Malhotra Pdf

Using India as a case study, Microfinance and Development in Emerging Economies builds and evidences an argument that microfinance and group lending are the best way to combat and address the economic exclusion that blights so many across the Global South.

The Microfinance Revolution

Marguerite Robinson
The Microfinance Revolution Book PDF

Author : Marguerite Robinson
Publisher : World Bank Publications
Page : 358 pages
File Size : 40,6 Mb
Release : 2001-06-01
Category : Business & Economics
ISBN : 9780821383384

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The Microfinance Revolution by Marguerite Robinson Pdf

Around the world, a revolution is occurring in finance for low-income people. The microfinance revolution is delivering financial services to the economically active poor on a large scale through competing, financially self-sufficient institutions. In a few countries this has already happened; in others it is under way. The emerging microfinance industry has profound implications for social and economic development. For the first time in history, capital is well on its way to being democratized. 'The Microfinance Revolution', in three volumes, is aimed at a diverse readership - economists, bankers, policymakers, donors, and social scientists; microfinance practitioners and specialists in local finance and rural and urban development; and members of the general public interested in development. This first volume, 'Sustainable Finance for the Poor', focuses on the shift from government- and donor-subsidized credit systems to self-sufficient microfinance institutions providing voluntary savings and credit services.

Microcredit and Rural Poverty

M.L. Narasaiah
Microcredit and Rural Poverty Book PDF

Author : M.L. Narasaiah
Publisher : Discovery Publishing House
Page : 198 pages
File Size : 53,6 Mb
Release : 2006
Category : Financial services industry
ISBN : 8183560695

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Microcredit and Rural Poverty by M.L. Narasaiah Pdf

The founding of financial institutions in the developing countries, whose target groups are supposed to be poorer people and, in particular, income-generating micro, small-scale and medium-sized enterprises, originated in the industrialized nations. Soon after Western development policy began in the 1950s and 1960s the donors noted that investment in infrastructure was insufficient to achieve growth. Reflecting on the experiences of Europe, state or mixedenterprise development banks were founded in many developing countries with the support of various donors. The banks were to promote industrialization as a subsituation for imports, as well as farming, housing construction and regional development. Their common feature was that they combined the characteristics of a bank and a public authority. On the one hand, they managed loan holdings and handled payment transactions, and one the other they prompted development by non-repayable grants. Since these functions each followed a very different logic, the banks were required to undertake a difficult tightrope walk.

Micro-Financing and the Economic Health of a Nation

Bensson V Samuel MD PhD DBA CHCQM
Micro Financing and the Economic Health of a Nation Book PDF

Author : Bensson V Samuel MD PhD DBA CHCQM
Publisher : Xlibris Corporation
Page : 154 pages
File Size : 53,8 Mb
Release : 2021-03-01
Category : Business & Economics
ISBN : 9781664161481

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Micro-Financing and the Economic Health of a Nation by Bensson V Samuel MD PhD DBA CHCQM Pdf

A change in finance for low-income people is occurring around the world. The microfinance movement provides services on a wide scale by competing, financially self-sufficient institutions to the economically active poor. Microfinance has been credited for promoting the Millennium Development Goals, poverty reduction, women's empowerment, and many other social benefits. This extensive microfinance survey aims to bridge the gap between academic economists and practitioners in the current microfinance literature. Micro-financing and the Economic Health of a Nation set a precedent for future work in the sector as the premier book to provide a detailed analysis of housing microfinance worldwide. By addressing a number of issues, including lessons from informal markets, savings and insurance, the role of women, the position of subsidies, impact assessment, and management incentives, this book offers an overview of microfinance. This book reviews essential issues for foreign and domestic microfinance organizations that are considering expanding into housing and for providers of traditional housing loans that aim to provide their services to poor clients who lack collateral or regular income, with clear guidance for practitioners and policymakers. Micro-financing and the Economic Health of a Nation can be used by students in economics, public policy, and development studies. This volume offers a reasoned, moderate voice on the virtues and problems of microfinance.

The Microfinance Impact

Ranjula Bali Swain
The Microfinance Impact Book PDF

Author : Ranjula Bali Swain
Publisher : Routledge
Page : 161 pages
File Size : 51,8 Mb
Release : 2013-08-15
Category : Business & Economics
ISBN : 9781136308109

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The Microfinance Impact by Ranjula Bali Swain Pdf

Financial inclusion through microfinance has become a powerful force in improving the living conditions of poor farmers, rural non-farm enterprises and other vulnerable groups. In its unique ability to link the existing extensive network of India’s rural bank branches with the Self Help Groups (SHG), the National Bank of Agriculture and Rural Development (NABARD) has covered up to 97 million poor households by March 2010 under its Self Help Group Bank Linkage Programme. Policy-makers have proclaimed SHGs as ‘‘the most potent initiative ... for delivering financial services to the poor in a sustainable manner." This book presents a comprehensive scientific assessment of the impact of the Self Help Group Bank Linkage Programme (SBLP) on the member households. The book discusses wide-ranging topics, including the rural financial sector in India, the history and structure of the SBLP, the impact methodologies, the economic and social impact of microfinance, its role in building assets while reducing poverty and vulnerability, the role of women and their empowerment, training and accumulation of human capital and policy implications of lessons learned. The empirical results show that vulnerability of the more mature SHG members declines significantly. Vulnerability also falls for villages with better infrastructure and for SHGs that are formed by NGOs and linked by banks. The results strongly demonstrate that on average, there is a significant increase in the empowerment of the female participants. The economic impact of SBLP is found to be the most empowering. Greater autonomy and changes in social attitudes also lead to female empowerment. The investigation further reveals that training (especially business training) has a definite positive impact on assets but not on income. The impact of training can be improved through better infrastructure (as in paved roads), linkage model type, and the training organiser. Bridging the gap in the existing literature and between academics and practitioners, this book moves beyond the usual theoretical issues in the impact assessment literature and draws on new developments in methodology. It will be of interest to academics, development practitioners and students of economics, political science, sociology, public policy and development studies.

Social Inclusion in Microfinance Cooperative Societies

Man Bishwakarma
Social Inclusion in Microfinance Cooperative Societies Book PDF

Author : Man Bishwakarma
Publisher : GRIN Verlag
Page : 280 pages
File Size : 43,6 Mb
Release : 2021-09-06
Category : Business & Economics
ISBN : 9783346479976

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Social Inclusion in Microfinance Cooperative Societies by Man Bishwakarma Pdf

Doctoral Thesis / Dissertation from the year 2010 in the subject Economics - Finance, Tribhuvan University (Faculty of Humanities and Social Sciences), course: PhD, language: English, abstract: Microfinance, in these days, has become a global concern. Generally, microfinance means the financial services to the poor. Most of the micro-finance initiatives have economic goals of reducing poverty and tackling the marginalization of the poor particularly the deprived section of the society. Microfinance is a mix of financial and social intermediation. It was commenced through cooperative from the mid-19th century with initiating the saving of 28 pounds from a group of factory workers of ‘Rochdale society of equitable pioneers’ in the United Kingdom. In Germany, Freidrich Raiffeisen introduced the community based credit cooperative society in 1864. It was the first Credit Organization in the world. In Asia, the concept of cooperative introduced officially in 1904 from India and further extended to other countries. Similarly, the popular model of microfinance developed in latter century is Grameen Bank model pronounced by Muhammad Yunus in 1976. Social exclusion discourses developed in response to criticisms of the term poverty and describe the process that leads to individuals or groups being wholly or partly excluded from full participation in society. Nepal remained as Hindu kingdom for a long time; most social and cultural value has been dominated by the caste hierarchical system. Age long caste-based practices made “Dalits” most deprived in the society. Building inclusive financial system has been the global agenda since the start of twenty first century. Likewise, social inclusion has been the top political agenda around the globe. Social Inclusion Factor established in this research is a noble tool to measure the magnitude of inclusiveness. One of the major findings is that inclusiveness promotes sustainability. Likewise, small income changes for the very poor have proportionately much greater impacts on livelihood, than those for the better off. The research has come out with some recommendations with some new approaches in microfinance to make it more inclusive. Credit-first approach to the most deprived groups based on analyzing poverty status of the clients is one. Likewise, providing credit plus intermediation on the basis of individual capacity deprivation is other recommendation which emphasizes on individual intervention to the most deprived clients/members. Considering the complexities of MFC it has structured an approach called “community owned microfinancing” to reach down to the poorest of the poor .

Why Doesn't Microfinance Work?

Milford Bateman
Why Doesn t Microfinance Work Book PDF

Author : Milford Bateman
Publisher : Zed Books Ltd.
Page : 261 pages
File Size : 49,6 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.

Financial Inclusion and Livelihood Transformation

Srimoyee Datta,Tarak Nath Sahu
Financial Inclusion and Livelihood Transformation Book PDF

Author : Srimoyee Datta,Tarak Nath Sahu
Publisher : Springer Nature
Page : 215 pages
File Size : 54,9 Mb
Release : 2023-08-28
Category : Business & Economics
ISBN : 9789819941414

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Financial Inclusion and Livelihood Transformation by Srimoyee Datta,Tarak Nath Sahu Pdf

This book explores the role and effect of Microfinance Institutions (MFIs) with different dimensions. It is being supported with strong empirical evidence into various parameters of MFIs directed towards inclusive finance and the transformation journey of livelihoods of its beneficiaries. It also incorporates empirical evidence with the perception of both beneficiaries and non-beneficiaries. Starting its journey toward the path of comprehending how MFIs make their footprint among the excluded population in the selected areas, it incorporates the different outcomes of MFI lending like credit utilisation patterns, income generation, and employability. As financial stability helps to break out the vicious cycle of poverty, this book emphasises the self-dependent element for the beneficiaries and their households. It addresses the important issue of the female counterparts in society. It shows how the MFIs work actively to generate female empowerment from multiple dimensions among the selected communities. It addresses key issues to consider for inclusive policy formulation, especially for backward communities in the backward areas and gives a realistic scenario of the MFI activities, their interactions with the respondents, the various outcomes, and areas for further developments, etc. This book is beneficial for academicians, researchers, and policymakers.

Microfinance 3.0

Doris Köhn
Microfinance 3 0 Book PDF

Author : Doris Köhn
Publisher : Springer
Page : 199 pages
File Size : 48,7 Mb
Release : 2013-12-12
Category : Business & Economics
ISBN : 3642417035

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Microfinance 3.0 by Doris Köhn Pdf

This book focuses on the achievements, current trends and further potential of microfinance to scale-up and serve many more clients with financial services that enable them to improve their living conditions. The book asks what it takes to achieve sustainable impact: to know your clients and to understand their needs, to treat them in a fair and transparent way, and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds light on the future funding landscape and what is necessary to bring more commercial funders on board while ensuring that these new funders will continue the commitment to responsible finance. While being forward looking, the book reflects the debate on core values of microfinance, triggered by recent criticisms of an approach that was hailed as a panacea in the beginning and which had proved over time as one of the most effective models of development finance. These criticisms emerged over signs of overheating in some markets, particularly the 2010 events in Andhra Pradesh, and turned into an assumption of a worldwide microfinance crisis, putting seriously at stake the good reputation microfinance had enjoyed so far.

Transforming Economies Through Microfinance in Developing Nations

Yahaya Alhassan,Uzoechi Nwagbara
Transforming Economies Through Microfinance in Developing Nations Book PDF

Author : Yahaya Alhassan,Uzoechi Nwagbara
Publisher : Unknown
Page : 0 pages
File Size : 43,8 Mb
Release : 2023
Category : Banks and banking
ISBN : 1668456486

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Transforming Economies Through Microfinance in Developing Nations by Yahaya Alhassan,Uzoechi Nwagbara Pdf

Following the positive impact of microfinance on poverty reduction, women empowerment, and microenterprise development in some countries in Asia and Africa, a huge amount of time has been devoted by researchers to understanding how this concept can be used as a catalyst for transforming and sustaining the economies of developing and emerging countries. Though there are a few books on the role of microfinance in reducing poverty in developing countries across world, there is no specific book that explores the role of microfinance in transforming and sustaining economies of developing and emerging countries. Transforming Economies Through Microfinance in Developing Nations seeks to explore how the provision of microfinance to individuals and groups can contribute to the economic transformation and sustainability of the economies of developing and emerging countries. Covering key topics such as climate change, entrepreneurship, and rural development, this reference work is ideal for government officials, entrepreneurs, policymakers, researchers, academicians, practitioners, scholars, instructors, and students.

Microfinance Institutions

R. Mersland,Ø. Strøm
Microfinance Institutions Book PDF

Author : R. Mersland,Ø. Strøm
Publisher : Springer
Page : 329 pages
File Size : 46,8 Mb
Release : 2015-12-11
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.

Reducing Global Poverty

Barry B. Hughes,Mohammod T. Irfan,Haider Khan,Krishna B. Kumar,Dale S. Rothman,Jose Roberto Solorzano
Reducing Global Poverty Book PDF

Author : Barry B. Hughes,Mohammod T. Irfan,Haider Khan,Krishna B. Kumar,Dale S. Rothman,Jose Roberto Solorzano
Publisher : Routledge
Page : 353 pages
File Size : 50,7 Mb
Release : 2015-12-22
Category : Political Science
ISBN : 9781317253051

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Reducing Global Poverty by Barry B. Hughes,Mohammod T. Irfan,Haider Khan,Krishna B. Kumar,Dale S. Rothman,Jose Roberto Solorzano Pdf

This is the first volume in an ambitious new series-"Patterns of Potential Human Progress"-inspired by the UN Millennium Development Goals (MGDs) and other initiatives to improve the global condition. The first and most fundamental of these goals-reducing poverty worldwide-is the focus of this book. Using the large-scale computer program called International Futures (IFs) developed over three decades at the prestigious University of Denver Graduate School of International Studies, this book explores the most extensive set of forecasts of global poverty ever made-providing a wide range of scenarios based on an authoritative array of data. It transcends the "$1 a day" baseline measure of poverty and probes important concepts like income poverty gaps and relative poverty. The forecasts are long-term, looking 50 years into the future, far beyond the 2015 date set out by the MDGs. They are geographically rich, spanning the entire globe and drilling down to the country level, including one of the most important global focal points, India. The poverty forecasts in this book, and all the volumes in the series, are fully integrated in perspective across a wide range of human development arenas including demographics, economics, politics, agriculture, energy, and the environment. Full of colorful, thoughtfully designed graphs, tables, maps, and other visual presentations of data and forecasts, this large-format inaugural volume ensures that the "Patterns of Potential Human Progress" series will become an indispensable resource for every development professional, student, professor, library, and indeed, country around the world.