nep-mfd New Economics Papers
on Microfinance
Issue of 2013‒11‒02
four papers chosen by
Olivier Dagnelie
Instituto de Analisis Economico, CSIC

  1. Female Access to Credit in France: How Microfinance Institutions Import Disparate Treatment from Banks By Anastasia Cozarenco; Ariane Szafarz
  2. Microfinance Interventions and Impact Assessments on Enterprises Growth: Conceptual Model, Methodologies and Approaches By Severine S. A. Kessy
  3. Vive la Différence: Social Banks and Reciprocity in the Credit Market By Simon Cornée; Ariane Szafarz
  4. Women’s empowerment and nutrition: An evidence review: By van den Bold, Mara; Quisumbing, Agnes R.; Gillespie, Stuart

  1. By: Anastasia Cozarenco (AMSE - Aix-Marseille School of Economics - Aix-Marseille Univ. - Centre national de la recherche scientifique (CNRS) - École des Hautes Études en Sciences Sociales [EHESS] - Ecole Centrale Marseille (ECM)); Ariane Szafarz (Centre Emile Bernheim - Université Libre de Bruxelles (ULB) - SBS-EM, CERMi - Centre for European Research in Microfinance)
    Abstract: This paper compares the loans granted to male and female entrepreneurs by a French microfinance institution (MFI). The sample period is split in two: before and after the MFI implemented the French EUR 10,000 regulatory loan-size ceiling. In the first period, the MFI does not co-finance projects with mainstream banks and loan size is gender-insensitive. In the second period, the MFI does co-finance above-ceiling projects with mainstream banks, and we observe a gender gap in loan size. The results suggest that co-financing leads the originally gender-neutral MFI to import disparate treatment from mainstream banks.
    Keywords: microcredit; loan-size ceiling regulation; commercial bank loan; gender discrimination; glass ceiling; France
    Date: 2013–10
  2. By: Severine S. A. Kessy
    Abstract: Microfinance institutions are considered to be a strategic tool for the poverty reduction in the developing countries. However, the methodological procedures to assess their impacts on the enterprise growth are scantly developed. This paper therefore intends to develop a conceptual and methodological framework for examining the impact of the microfinance interventions on the growth of Micro and Small Enterprises (MSEs) particularly for the developing countries. Following the theoretical discussions presented in this paper a conceptual framework is developed to show interrelated variables that should be assessed in examining the impact of microfinance intervention. From the framework, different methodologies are suggested in order to obtain accurate information that can explain the actual impact of the microfinance intervention.
    Keywords: working paper, daadpartnership, finance-and-trade
    Date: 2013–08
  3. By: Simon Cornée (CREM - Centre de Recherche en Economie et Management - CNRS : UMR6211 - Université de Rennes 1 - Université de Caen Basse-Normandie, CERMi - Centre for European Research in Microfinance); Ariane Szafarz (CERMi - Centre for European Research in Microfinance, Centre Emile Bernheim - Université Libre de Bruxelles (ULB) - SBS-EM)
    Abstract: Social banks are financial intermediaries paying attention to non-economic (i.e., social, ethical, and environmental) criteria. To investigate the behavior of social banks on the credit market, this paper proposes both theory and empirics. Our theoretical model rationalizes the idea that reciprocity can generate better repayment performances. Based on a unique hand-collected dataset released by a French social bank, our empirical results are twofold. First, we show that the bank charges below-market interest rates for social projects. Second, regardless of their creditworthiness, motivated borrowers respond to advantageous credit terms by significantly lowering their probability of default. We interpret this outcome as the first evidence of reciprocity in the credit market.
    Keywords: Social bank; reciprocity; social identity
    Date: 2013
  4. By: van den Bold, Mara; Quisumbing, Agnes R.; Gillespie, Stuart
    Abstract: This paper starts by reflecting on the concept and measurement of women’s empowerment and then reviews some of the structural interventions that aim to influence underlying gender norms in society and eradicate gender discrimination. It then proceeds to review the evidence of the impact of three types of interventions—cash transfer programs, agricultural interventions, and microfinance programs—on women’s empowerment, nutrition, or both.
    Keywords: Gender, Women, Empowerment, Microfinance, Agriculture, Nutrition,
    Date: 2013

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