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on Microfinance |
| By: | Karlan, Dean S.; Zinman, Jonathan |
| Abstract: | Expanding credit access is a key ingredient of development strategies worldwide. Microfinance practitioners, policymakers, and donors have ambitious goals for expanding access, and seek efficient methods for implementing and evaluating expansion. There is less consensus on the role of consumer credit in expansion initiatives. Some microfinance institutions are moving beyond entrepreneurial credit and offering consumer loans. But many practitioners and policymakers are skeptical about “unproductive” lending. These concerns are fuelled by academic work highlighting behavioural biases that may induce consumers to overborrow. We estimate the impacts of a consumer credit supply expansion using a field experiment and follow-up data collection. A South African lender relaxed its risk assessment criteria by encouraging its loan officers to approve randomly selected marginal rejected applications. We estimate the resulting impacts using new survey data on applicant households and administrative data on loan repayment, as well as public credit reports one and two years later. We find that the marginal loans produced significant benefits for borrowers across a wide range economic and well-being outcomes. We also find some evidence that the marginal loans were profitable for the Lender. The results suggest that consumer credit expansions can be welfare-improving. |
| Keywords: | consumer credit; credit impact; microfinance |
| JEL: | D1 D9 J2 J6 O1 |
| Date: | 2007–07 |
| URL: | http://d.repec.org/n?u=RePEc:cpr:ceprdp:6407&r=mfd |
| By: | Landiyanto, Erlangga Agustino |
| Abstract: | Microfinance is one of alternative strategy to reduce poverty. there are kind of thinking of different microfinance strategy for poverty reduction. therefore, this paper try to explore several suitable alternative strategy which can be implemented to develop microfinance in papua. two particular gates of this strategy are strenghtening microfinance institutions and develop community based microfinance. Keuangan mikro merupakan salah satu strategi efektif dalam menanggulangi kemiskinan. Terdapat berbagai pemikiran tentang strategi keuangan mikro yang berbeda dalam penanggulangan kemiskinan. Oleh karena itu, makalah ini mencoba mengeksplorasi beberapa strategi alternatif yang sesuai dan dapat diimplementasikan dalam mengembangkan keuangan mikro di papua. dua koridor utama dari strategi itu berupa penguatan lembaga keuangan mikro dan pengembangan keuangan mikro berbasis komunitas |
| Keywords: | Keuangan Mikro; UMKM; KSM; Kemiskinan |
| JEL: | Z13 G21 |
| Date: | 2006–02 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:4391&r=mfd |
| By: | Alvin P. Ang |
| Abstract: | This paper considers the present issues surrounding the role of workers remittances and its contribution/effect on economic growth and development. In particular, this paper focuses on how such remittances have been able to spur development and growth. As a case study, the paper focuses on the Philippines, one of the countries in the world with a long history of sending workers abroad. In 2005, the Philippines received approximately US$11Bn of remittances, almost 10% of its GDP. It ranks as the 3rd largest recipient of remittances in the world after India and Mexico. Along this line, the paper looks into the following areas: (a) remittance and overall growth, (b) linkages between remittances and microfinance, (c) tracing the contribution of remittances to countryside development, and (d) relationship between worker remittances and structural reform policies. We are also concerned at how these remittances have impacted the poor in general. This is important as the expected benefits have generally been unfelt at the level of the poor. We hypothesize that workers’ remittance have not been properly utilized into productive and investment uses in the Philippines. There are strong anecdotal evidences that show that most of these resources are being used to fund conspicuous consumption. Hence, we would like to find ways where these resources can be harnessed into funding development needs of the country. |
| Keywords: | Remittances, Development, Migrant Workers |
| JEL: | E21 F2 G21 J61 O16 |
| Date: | 2007–06 |
| URL: | http://d.repec.org/n?u=RePEc:deg:conpap:c012_029&r=mfd |