New Economics Papers
on Microfinance
Issue of 2013‒10‒18
four papers chosen by
Aastha Pudasainee and Olivier Dagnelie

  1. Microfinance efficiency in the West African economic and monetary union: have reforms promoted sustainability or outreach? By Sandrine Kaplan
  2. Supporting Access to Finance for Micro, Small and Medium Enterprises with Partial Credit Guarantees : The Moroccan Experience By Teymour Abdel Aziz
  3. Developing Micro, Small and Medium Enterprises in Jordan : The Route to Shared Prosperity By Sahar Nasr; Yara El Abd
  4. Impact of Disasters and Role of Social Protection in Natural Disaster Risk Management in Cambodia By Sann VATHANA; Sothea OUM; Ponhrith KAN; Colas CHERVIER

  1. By: Sandrine Kaplan
    Abstract: This study assesses whether the undertaken reforms in the microfinance industry in the West African Economic and Monetary Union (WAEMU) have promoted sustainability or outreach. To this purpose we use a data envelopment analysis (DEA) to measure the social efficiency on the one hand and the financial efficiency on the other hand. Our results show that social efficiency decreases, while financial efficiency increases. Moreover, reforms have a negative impact on social efficiency. Indeed, prudential ratios and accounting standards that were implemented led MFIs to abandon their social role.
    Keywords: microfinance efficiency, outreach and sustainability, regulatory programs, WAEMU
    JEL: C23 C61 C67 G21 O16 O55
    Date: 2013–10–08
  2. By: Teymour Abdel Aziz
    Keywords: Finance and Financial Sector Development - Microfinance Small Scale Enterprise Finance and Financial Sector Development - Debt Markets Finance and Financial Sector Development - Bankruptcy and Resolution of Financial Distress Finance and Financial Sector Development - Access to Finance Industry
    Date: 2013–04
  3. By: Sahar Nasr; Yara El Abd
    Keywords: Finance and Financial Sector Development - Microfinance Finance and Financial Sector Development - Access to Finance Finance and Financial Sector Development - Financial Intermediation Finance and Financial Sector Development - Debt Markets Banks and Banking Reform
    Date: 2013–03
  4. By: Sann VATHANA (Council for Agrictultural and Rural Development, Social Protection Coordination Unit, Cambodia (CARD-SPCU)); Sothea OUM (Economic Research Institute for ASEAN and East-Asia (ERIA)); Ponhrith KAN (CARD-SPCU); Colas CHERVIER (CARD-SPCU)
    Abstract: The pattern of risks faced by the poor and vulnerable in rural areas of Cambodia, as a consequence of natural disaster, is posing an increasing threat to their livelihoods. One third of the past three years has been taken up either with flooding or with drought, and the drought periods were more prolonged than the floods. The damage caused by flood and drought was comparable, although the flood of 2011 was the most extensive of the disasters. This paper presents impacts of disasters on household welfare and the linking of social protection interventions to address the entitlement failure of poor and vulnerable people suffering from the impacts of flood and drought. There is a strong need at the policy level to design social protection interventions to emphasize ex-ante instruments rather than the ex post response to natural disasters as focusing on emergency assistance and relief. Cash transfers programs provide direct assistance in the form of cash to the poor. Ex-ante cash transfer programs can play a crucial role in encouraging poor households to invest in business rather than spending on food. Microfinance schemes can also help ex-ante income diversification that can bolster households against widespread natural disasters.
    Keywords: Natural disaster, Entitlement failure
    JEL: Q54 I31 H55 O53
    Date: 2013–08

This issue is ©2013 by Aastha Pudasainee and Olivier Dagnelie. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.