nep-mfd New Economics Papers
on Microfinance
Issue of 2010‒02‒05
three papers chosen by
Olivier Dagnelie
Instituto de Analisis Economico, CSIC

  1. Microfinance and the Millennium Development Goals in Pakistan: Impact Assessment Using Propensity Score Matching By Sununtar Setboonsarng
  2. Social Business: A Step Toward Creating a New Economic and Social Order By Mohammad Yunus
  3. The Impact of the Economic Crisis on Women's Economic Empowerment By Maria S. Floro; Annika Tornqvist; Emcet Oktay Tas

  1. By: Sununtar Setboonsarng
    Abstract: Using data from a survey of clients of a microfinance bank, Khushhali Bank, in 2005, the study revisited the survey data and found that despite the Bank’s strict poverty-targeting program used in client selection and despite the survey’s design to address the selectivity bias, the selectivity bias indeed still existed in the sampled households. Propensity Score-Matching Methods (PSM) are used to address the selectivity bias. [DP 104].
    Keywords: hunger, economic activities, microfinance, MDGs, poverty, Pakistan, millennium development goals, banks, policies, selectivity bias, Borrowers,
    Date: 2010
    URL: http://d.repec.org/n?u=RePEc:ess:wpaper:id:2380&r=mfd
  2. By: Mohammad Yunus
    Abstract: The concept of social business flows from a firm conviction that profit or benefit is not the only motivating factor for an entrepreneur and an entrepreneur can also be motivated by social goals and enjoy success. Social business, as advocated by the author, is essentially a non-loss, non-dividend business aimed at social objectives like education, health, environment, etc. Yet another type of social business is business that is profitable but is owned by the poor and the disadvantaged, who can gain either through receiving direct dividends or some indirect benefits.Seeing the effectiveness of social business, governments may decide to create their own social businesses or partner with citizen-run social businesses and/or incorporate the lessons from the social businesses to improve the effectiveness of their own programmes. [Second Professor Hiren Mukherjee Memorial Annual Lecture]
    Keywords: social business, microcredit, Nobel Laureate, Bangladesh,Economics, Political Science
    Date: 2010
    URL: http://d.repec.org/n?u=RePEc:ess:wpaper:id:2383&r=mfd
  3. By: Maria S. Floro; Annika Tornqvist; Emcet Oktay Tas
    Abstract: This paper argues that a systematic gender analysis of the current crisis is critical to develop viable solutions and for furthering the trend toward gender equality. It analyses the short- and long-term impact of the current economic crisis with a focus on developing countries. It identifies the multiple channels and transmission mechanisms through which the global economic crisis has affected women's lives and explores different areas where the burden of the crisis falls on poor women, using current indications, micro-level evidence and lessons learned from previous crises. The paper shows that the magnitude and types of effects are context-specific: they are likely to vary across countries, sectors, households and among women, depending on the economic, demographic and social circumstances. In the short run, many women are expected to lose their jobs, particularly those working on the export sectors and/or holding flexible jobs. At the same time, a fall in the supply of micro-credit is expected to result in a decrease in earnings among self-employed women workers in trade, agriculture and other sectors. Additionally, there will likely be an increase in the amount of unpaid work that women do to support their families. In the long-run, it is expected that an increase in girls' dropout rate from school to compensate for their families' loss of income will deteriorate women's future socioeconomic opportunities. In addition, an increase in the level of violence against women, combined with limited access to health and other support services as a result of public expenditure cuts and lower aid receipts, complete the dim picture of the gendered impact of the crisis in developing countries. The paper concludes that it is essential to implement mechanisms to mitigate the negative effects of the crisis on women, in order to ensure that the gains in women's empowerment and gender equality in the last few decades are not put in danger. Furthermore, it is argued that the crisis can be used as a unique opportunity to change power structures and make economic and social policies more gender-aware and move toward creating a more gender-equal society and economic system. To that end, civil society involvement to monitor the gender effects of the crisis in the short and medium term, as well as government-led (and donor supported) gender-aware response packages will be essential.
    Date: 2009–12
    URL: http://d.repec.org/n?u=RePEc:amu:wpaper:2009-26&r=mfd

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