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on Microfinance |
| By: | Nargiza Alimukhamedova (CERGE-EI); Randall K. Filer (Hunter College; Graduate Center, CUNY; CERGE-EI); Jan Hanousek (CERGE-EI) |
| Abstract: | The geographic distance between a household and financial institutions may constitute a significant obstacle to achieving the benefits of modern financial institutions. We measure the impact of distance-related access to microcredits in Uzbekistan. Residents living closer to microfinance institutions are propensity score matched to those further away using both household and village characteristics. Households located nearer to microfinance institutions have larger businesses in terms of income, profits and employees than similar households located further away. In addition, they spend more on most forms of consumption and have greater savings. |
| Keywords: | microcredit, microfinance institutions, geographic access |
| JEL: | O16 C34 |
| Date: | 2016–11–07 |
| URL: | http://d.repec.org/n?u=RePEc:htr:hcecon:445&r=mfd |
| By: | Haughton, Jonathon; Khandker, Shahidur R. |
| Abstract: | With 7 million borrowers and US$5.4 billion in outstanding loans in 2012, the Viet Nam Bank for Social Policies (VBSP) is the largest single microcredit lender in the world. We measure the impact of VBSP lending and seek to answer the question of whether continued subsidies to the bank, which amount to about 2 percent of the value of its loans, are justified. VBSP grew particularly rapidly between 2004 and 2008, when its share of total loans in Viet Nam rose from 10 to 27 percent, and by 2008 an estimated two-fifths of its loans were ostensibly used for directly productive purposes. Using data from a panel of 1,846 rural households interviewed in 2004, 2006, and 2008 as part of the Viet Nam Household Living Standards Survey, we estimated the impact of VBSP lending on consumption and income per capita, as well as self-employment earnings. Both an intention-to-treat model with fixed effects, and a quantity-of-credit model with fixed effects and using instrumental variables, show significant or close to significant impacts of VBSP microloans on consumption and income, but our data do not have enough power to determine whether this mainly works via agricultural or nonagricultural self-employment income. Without VBSP, the rural poverty rate would have been 0.7 percentage points higher in 2008 than it actually was. The subsidy is likely justified, given the evidence and scale of the positive impact of VBSP loans on consumption spending and the concentration of benefits among poorer households in Viet Nam. |
| Keywords: | finance, credit, rural areas, poverty, microcredit, |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:fpr:ifprid:1569&r=mfd |
| By: | Mathurin Founanou (Université Gaston Bergé (Saint-Louis, Sénégal)); Zaka Ratsimalahelo (UBFC - Université Bourgogne Franche-Comté, CRESE - Centre de REcherches sur les Stratégies Economiques - UFC - UFC - Université de Franche-Comté) |
| Abstract: | We analyze the optimal policy of regulation of microfinance institutions in developing countries, where investment funds are insured by the government and customer deposits. We used a mixed model, combining adverse selection and moral hazard to characterize a class of optimal incentive schemes applied in presence of government funds and in non-government funded. We also analyse the effects of prudential regulation of deposits on the profitability of MFI and social welfare, and we compare prudential and non-prudential regulation. The incentive scheme that we propose can be regarded as a "smart subsidy" mechanism that contributes to the economic and social development. |
| Keywords: | Microfinance, adverse selection, moral hazard, incentive mechanisms, regulation, smart subsidy |
| Date: | 2016–01–01 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-01376900&r=mfd |
| By: | Yaya Koloma (ISTOM - Ecole d'Ingénieur d'Agro-développement International - Ecole d'Ingénieur d'Agro-développement International); Zaka Ratsimalahelo (UBFC - Université Bourgogne Franche-Comté, CRESE - Centre de REcherches sur les Stratégies Economiques - UFC - UFC - Université de Franche-Comté) |
| Abstract: | Le présent article s’intéresse au lien entre l’accès des jeunes au microcrédit et la performance de leurs activités en se demandant si la performance de leur microentreprise peut être expliquée par l’accès ou le non accès au microcrédit. Avec les données d’enquêtes réalisées par l’INSTAT et l’ODHD Mali auprès des bénéficiaires des services microfinanciers en 2007-2008, l’article mobilisera, d’abord, une approche descriptive pour analyser les conditions de financement des microentreprises puis les indicateurs de performance. La méthode de score de propension sera ensuite utilisée pour estimer à la fois les déterminants de l'accès au crédit et les effets de l'accès sur la performance des microentreprises. |
| Keywords: | Jeunes, Microentreprises, Microcrédit, Performance, Mali |
| Date: | 2015–12–01 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-01377920&r=mfd |