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on Microfinance |
| By: | Bogale Berhanu Bent (University of Antwerp, Belgium) |
| Abstract: | This paper is to examine the impact of microfinance on poverty reduction and women empowerment as perceived by microfinance institutions and experienced by aspiring women credit participant in Ethiopia. The study reviewed different literatures and broadly focused on social activities and economic empowerment of women beside household poverty reduction and economic development and the effect of household income, the objective of this study is to show how microfinance works, by using women participants for reducing poverty and how it affects the living standard (income, saving etc.) of the household poor people in Ethiopia, The microfinance institutions (MFIs) provide the opportunity for the people who are living under the poverty lines, the institution particularly encourage poor women households and the result will show that how poverty reduced by encouraging and providing access to finance poor household. Microfinance institutions are claimed to directly affect household income by encouraging productivity, increasing diversity of production and productivity, and maximizing the utilization of the available resources (Binswanger, 2007; Dejene, 2007; Sudan, 2007; Akintoye, 2008; Belwal et al., 2012; Fletschner & Kenney, 2014) |
| Keywords: | microfinance institutions, poverty, women |
| Date: | 2018 |
| URL: | http://d.repec.org/n?u=RePEc:smo:rpaper:03&r=all |
| By: | Szilvia Andriasik |
| Abstract: | This paper looks into the kind of collaboration that exists between microfinance institutions (MFIs), ethical banks, commercial banks, and guarantee funds in terms of microfinance, and how they can have an impact on business creation within the European Union. It shows how different national legislation can affect the practice of microcredit provision as well as the institutional background, which resulted in establishing alternative banking or non-banking models such as the Growth Funding Scheme in Hungary, the institution of ethical banks and authorized MFIs in Italy, or the trust-based partnership model in Germany.Furthermore, the effective support of microenterprises has to originate from the combination of different attributes such as the support of innovative start-ups through legislative acts; creation of state-guaranteed national funds for enterprise support, usage of European funds (EaSI, ESIF, EFSI or COSME) as well as fiscal and monetary policy incentives for favourable (micro)loan provision or special capital requirements for commercial banks with SME loan lending.These multi-level partnership models as well as the legislative background including relevant European regulations and directives could be seen as the first line of defence for the microfinance sector, decreasing the potential risks which form internationally against the effectiveness of microfinance, such as the potential indebtedness of the borrowers or high interest rates. In addition, those multi-level partnerships between institutions, MFIs, commercial banks on national and supranational level as well as the optimal usage of EU funds can result in a higher efficiency in the field of microfinance which can contribute to the establishment of start-ups or even family businesses and better access to finance in the initial phase of a young enterprise.Finally, the research intends to contribute to awareness-raising among commercial banks, encouraging them to add microfinance to their lending portfolio for instance as part of their Corporate Social Responsibility, sign further guarantee agreements with the relevant European funds or enter into partnership with authorized MFIs.The research focuses mainly on country-specific examples of different partnership and collaboration models which evolved in Italy, Germany, Austria and Hungary as different legislation and different institutional background triggered diverse microfinance models (e.g.: Growth Funding Scheme in Hungary; the institution of ethical banks and authorized microfinance institutions (MFIs) in Italy; the trust-based partnership model in Germany or collaboration between ERSTE Bank Austria and EaSI) and can be therefore used for a comparative research. |
| Keywords: | Banks, Guarantee, Microfinance, Microfinance in Europe, Microfinance Institutions, Partnership |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:rem:wpaper:1344&r=all |
| By: | Amna Malik; Halil Orhan; Halil Fatih Akgül; Altay Elçin |
| Abstract: | Microfinance has brought a change in the economic life of participants of the society by providing an opportunity to the financially challenged individuals to become financially independent. Microfinance is a financial instrument that can be utilized to combat poverty and other challenges hindering the progress of countries. As of 2017, the global figures of microfinance confirm that microfinance has impacted the lives of more than 139 million people and has distributed more than $114 billion throughout the world. In Turkey, microfinance has radically transformed the lives of more 180.000 financially challenged individuals. Turkey continues to be home to the world’s largest refugee population which is approximately 4 million. Therefore, the objective of the research is to research the feasibility of microfinance as an appropriate strategy for the financial inclusion of refugees in Turkey.KeywordsMicrofinance, Poverty and RefugeeValueThe research paper aims to analyze different aspects of the microfinance system for the Syrian refugees with the purpose to provide a model for financial inclusion and social integration for the microfinance organizations.Key resultsThe results and recommendations of this research will contribute to better policy-making strategies for the nonprofit organizations to assist the refugees.Design/Methodology/ApproachThe research paper provides a microfinance model of financial inclusion and social integration for the refugees in Turkey. |
| Keywords: | Financial inclusion, Microfinance, Refugees |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:rem:wpaper:1348&r=all |
| By: | Yao, Becatien H.; Shanoyan, Aleksan |
| Keywords: | Agribusiness |
| Date: | 2019–06–25 |
| URL: | http://d.repec.org/n?u=RePEc:ags:aaea19:290711&r=all |
| By: | KITALA CHRISTIAN MALAMSHA (Moshi Co operative University) |
| Abstract: | Adoption of mobile banking services by mobile phone owners in terms of level of adoption and usefulness of adoption remained inadequate in Tanzania. Such inadequacy of adoption is a result of utilizing traditional banking services by mobile phone owners which decreases advantage of using mobile banking technology. Mobile banking is a situation whereby the customer interacts with a bank via mobile device, an electronic banking system which allows bank customers to get access to their bank accounts via mobile phone. The establishment of adoption level, the factors influencing adoption and usefulness of mobile banking technology among mobile phone owners remains silent. That was a knowledge gap on which the research for this paper focused. The article is intended to assess adoption of mobile banking services by mobile phone owners in Moshi municipality, Tanzania. The specific objectives were to evaluate the level of adoption of mobile banking, analyse factors influencing adoption of mobile banking and evaluate usefulness of mobile banking services. Primary data were collected using questionnaires. They were administered to 182 mobile phone owners who are bank customers. Descriptive and inferential statistics were used. The adoption level of mobile baking was revealed to be inadequate. The main factors found to be behind non-adoption of mobile banking service was risk of loss and fear of system failure which was found to negatively affect adoption of mobile banking service. The risks found to have the greatest influence were fear of sending money to wrong account or phone number and loss of personal or account information. Perceived convenience was found to positively affect adoption of mobile banking. The usefulness established included; accessibility, saving of time and comfort mostly used to pay bills and funds transfer. It therefore concluded that adoption of mobile banking is inadequate and is affected negatively by risk of loss and fear while affected positively by perceived convenience and mobile banking is useful in various ways. It is argued that mobile banking should be adopted by banks and mobile phone owners in Tanzania. |
| Keywords: | Adoption, Mobile phone owners, Mobile banking services, Factors, Usefulness, Moshi Tanzania |
| JEL: | G21 |
| Date: | 2019–07 |
| URL: | http://d.repec.org/n?u=RePEc:sek:iefpro:8911512&r=all |