The Economics Of Microfinance

Author : Beatriz Armendariz,Jonathan Morduch
Publisher : MIT Press
Page : 361 pages
File Size : 50,6 Mb
Release : 2010-04-23
Category : Business & Economics
ISBN : 9780262513982

Get Book

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 : Beatriz Armendariz,Jonathan Morduch
Publisher : MIT Press
Page : 361 pages
File Size : 46,6 Mb
Release : 2007
Category : Business & Economics
ISBN : 9780262512015

Get Book

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 : Philip Mader
Publisher : Springer
Page : 284 pages
File Size : 44,5 Mb
Release : 2016-01-12
Category : Political Science
ISBN : 9781137364210

Get Book

The Political Economy of Microfinance by Philip Mader Pdf

According to the author, rather than alleviating poverty, microfinance financialises poverty. By indebting poor people in the Global South, it drives financial expansion and opens new lands of opportunity for the crisis-ridden global capital markets. This book raises fundamental concerns about this widely-celebrated tool for social development.

Author : Beatriz Armendariz de Aghion
Publisher : Unknown
Page : 0 pages
File Size : 40,7 Mb
Release : 2005
Category : Microfinance
ISBN : OCLC:1284816275

Get Book

The Economics of Microfinance by Beatriz Armendariz de Aghion Pdf

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

Get Book

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 : David Roodman
Publisher : CGD Books
Page : 388 pages
File Size : 46,9 Mb
Release : 2012
Category : Business & Economics
ISBN : 9781933286532

Get Book

Due Diligence by David Roodman Pdf

The idea that small loans can help poor families build businesses and exit poverty has blossomed into a global movement. The concept has captured the public imagination, drawn in billions of dollars, reached millions of customers, and garnered a Nobel Prize. Radical in its suggestion that the poor are creditworthy and conservative in its insistence on individual accountability, the idea has expanded beyond credit into savings, insurance, and money transfers, earning the name microfinance. But is it the boon so many think it is? Readers of David Roodman's openbook blog will immediately recognize his thorough, straightforward, and trenchant analysis. Due Diligence, written entirely in public with input from readers, probes the truth about microfinance to guide governments, foundations, investors, and private citizens who support financial services for poor people. In particular, it explains the need to deemphasize microcredit in favor of other financial services for the poor.

Author : Joanna Ledgerwood
Publisher : World Bank Publications
Page : 302 pages
File Size : 48,6 Mb
Release : 1998-12-01
Category : Business & Economics
ISBN : 9780821384312

Get Book

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 : Todd A Watkins
Publisher : World Scientific Publishing Company
Page : 472 pages
File Size : 47,7 Mb
Release : 2018-04-09
Category : Business & Economics
ISBN : 9789813140752

Get Book

Introduction to Microfinance by Todd A Watkins Pdf

Author : Wahiduddin Mahmud,S. R. Osmani
Publisher : Taylor & Francis
Page : 287 pages
File Size : 42,6 Mb
Release : 2016-10-04
Category : Business & Economics
ISBN : 9781315413167

Get Book

The Theory and Practice of Microcredit by Wahiduddin Mahmud,S. R. Osmani Pdf

The remarkable speed at which microcredit has expanded around the world in the last three decades has piqued the curiosity of practitioners and theorists alike. By developing innovative ways of making credit available to the poor, the idea of microcredit has challenged many traditional assumptions about both poverty reduction strategies and financial markets. While this has encouraged new theorising about how microcredit works, the practice of microcredit has itself evolved, often in unpredictable ways, outpacing the development of theory. The Theory and Practice of Microcredit aims to remedy this imbalance, arguing that a proper understanding of the evolution of practice is essential both for developing theories that are relevant for the real world and for adopting policies that can better realize the full potential of microcredit. By drawing upon their first-hand knowledge of the nature of this evolution in Bangladesh, the birthplace of microcredit, the authors have pushed the frontiers of current knowledge through a rich blend of theoretical and empirical analysis. The book breaks new grounds on a wide range of topics including: the habit-forming nature of credit repayment; the institutional strength and community-based role of microfinance institutions; the relationships between microcredit and informal credit markets; the pattern of long-term participation in microcredit programmes and the variety of loan use; the scaling up of microenterprises beyond subsistence; the "missing middle" in the credit market; and the prospects of linking micro-entrepreneurship with economic development. The book will be of interest to researchers, development practitioners and university students of Development Economics, Rural Development, or Rural Finance, as well as to public intellectuals.

Author : Isabelle Guérin,Solène Morvant-Roux,Magdalena Villarreal
Publisher : Routledge
Page : 337 pages
File Size : 53,7 Mb
Release : 2013-10-15
Category : Business & Economics
ISBN : 9781135047597

Get Book

Microfinance, Debt and Over-Indebtedness by Isabelle Guérin,Solène Morvant-Roux,Magdalena Villarreal Pdf

Although microcredit programmes have long been considered efficient development tools, many forms of debt-induced distress have emerged in their wake. This has brought to light the problem of over-indebtedness, a topic which has been previously underexplored in the literature. This new book, from a group of leading scholars, explores the manifestations, scale, and economic and social implications of household over-indebtedness in areas conventionally considered as financially excluded. The book approaches debt not only as a financial transaction, but also as a form of social bond, and offers a socioeconomic analysis of over-indebtedness. The volume puts forward a broad definition of over-indebtedness, highlighting its situational and semantic complexity and diversity. It provides a close analysis of local conceptions of debt and over-indebtedness, highlighting frameworks of calculation and the constant renegotiation of their boundaries. On top of this, it looks far beyond microcredit to examine all the financial practices that individuals juggle. The volume argues that over-indebtedness has more to do with social inequalities than financial illiteracy, and should therefore be understood in the light of global trends of financialization. It also reveals the ambiguity of "financial inclusion" policies, and in many respects questions the actions of new credit providers. This book will be valuable reading for students, researchers and policy makers interested in microfinance and development issues.

Author : Ranjula Bali Swain
Publisher : Routledge
Page : 161 pages
File Size : 42,6 Mb
Release : 2013-08-15
Category : Business & Economics
ISBN : 9781136308109

Get Book

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.

Author : Milford Bateman
Publisher : Zed Books Ltd.
Page : 261 pages
File Size : 41,5 Mb
Release : 2010-06-10
Category : Business & Economics
ISBN : 9781848138957

Get Book

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 : Lamia Karim
Publisher : U of Minnesota Press
Page : 292 pages
File Size : 48,8 Mb
Release : 2011
Category : Social Science
ISBN : 9780816670949

Get Book

Microfinance and Its Discontents by Lamia Karim Pdf

The first feminist critique of the much-lauded microcredit process in Bangladesh.

Author : Milford Bateman,Stephanie Blankenburg,Richard Kozul-Wright
Publisher : Routledge
Page : 325 pages
File Size : 48,9 Mb
Release : 2018-10-09
Category : Business & Economics
ISBN : 9781351856881

Get Book

The Rise and Fall of Global Microcredit by Milford Bateman,Stephanie Blankenburg,Richard Kozul-Wright Pdf

In the mid-1980s the international development community helped launch what was to quickly become one of the most popular poverty reduction and local economic development policies of all time. Microcredit, the system of disbursing tiny micro-loans to the poor to help them to establish their own income-generating activities, was initially highly praised and some were even led to believe that it would end poverty as we know it. But in recent years the microcredit model has been subject to growing scrutiny and often intense criticism. The Rise and Fall of Global Microcredit shines a light on many of the fundamental problems surrounding microcredit, in particular, the short- and long-term impacts of dramatically rising levels of microdebt. Developed in collaboration with UNCTAD, this book covers the general policy implications of adverse microcredit impacts, as well as gathering together country-specific case studies from around the world to illustrate the real dynamics, incentives and end results. Lively and provocative, The Rise and Fall of Global Microcredit is an accessible guide for students, academics, policymakers and development professionals alike.

Author : Susan Johnson,Ben Rogaly
Publisher : Oxfam
Page : 148 pages
File Size : 52,6 Mb
Release : 1997
Category : Business & Economics
ISBN : 0855983698

Get Book

Microfinance and Poverty Reduction by Susan Johnson,Ben Rogaly Pdf

The book emphasizes the importance of studying the local context, and then considering the macroeconomic factors which may be operating upon the economy of a particular country. Five extended case studies, in the Gambia, Ecuador, Mexico, Pakistan, and the UK are examined with reference to further aspects of sustainability and impact assessment.