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on Microfinance |
| By: | Michael Danquah; Abdul Malik Iddrisu; Williams Ohemeng; Alfred Barimah |
| Abstract: | The financial sector in rural areas, where most of the poor people in sub-Saharan Africa are found, has transformed massively in recent times, notably through the increased penetration of several types of rural financial intermediaries in addition to rural and community banks and microfinance institutions. Using recent household survey data, we ascertain the access of rural populations to various types of financial services, and the influence of rural financial intermediation on poverty reduction, in Ghana. |
| Keywords: | rural financial intermediation, Poverty reduction, Welfare, Financial inclusion, Ghana |
| Date: | 2020 |
| URL: | http://d.repec.org/n?u=RePEc:unu:wpaper:wp-2020-2&r=all |
| By: | Hadar Gafni; Marek Hudon; Anaïs Périlleux |
| Abstract: | Crowdfunding has created new opportunities for poor microentrepreneurs. One crucial question is the impact that the purpose of a loan—either business investment or basic necessities—may have on the success of a campaign. Investigating a prosocial crowdfunding platform, we find that loans taken out to meet basic needs are funded faster than business-related loans, especially for small amounts, which can be explained by the prosocial motivation of microlenders. Moreover, female microborrowers are funded faster than men, especially for basic needs loans. Our results therefore suggest an ethical blind spot, since prosocially motivated crowdlenders may unintentionally end up producing adverse effects, replicating gender role by supporting women to a lesser extent when they apply for business loans. This finding expands prosocial motivational theory in ethical finance. |
| Keywords: | crowdfunding; business loans; basic necessities; ethical finance; microfinance; microlending; gender preference |
| JEL: | F35 G21 G28 L31 M14 |
| Date: | 2020–05–08 |
| URL: | http://d.repec.org/n?u=RePEc:sol:wpaper:2013/305142&r=all |