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on Microfinance |
| By: | M Niaz Asadullah; Nudrat Faria Shreya; Zaki Wahhaj |
| Abstract: | Although microfinance started as a movement to improve women's economic well-being through increased female entrepreneurship in particular, its impact on women's attitudes toward and participation in the labour market is not fully understood. We fill this gap by combining data on branch locations of the major microfinance institutions in Bangladesh with household survey data and implement a spatial regression discontinuity design. |
| Keywords: | Microfinance, female entrepreneurship, Wellbeing, Gender norms, Regression discontinuity, Bangladesh |
| Date: | 2021 |
| URL: | http://d.repec.org/n?u=RePEc:unu:wpaper:wp-2021-30&r=all |
| By: | Roy Mersland; Samuel Anokye Nyarko; Ariane Szafarz |
| Abstract: | We study mission drift in social enterprises by examining whether these organizations stick to the actual mission enshrined in their mission statements. We use data from microfinance organizations (MFOs), a homogeneous group of social enterprises which have been scrutinized—and sometimes criticized—for mission drift. We focus on three publicly recognized and non-mutually-exclusive microfinance social missions identified by previous studies: poverty alleviation, women's empowerment, and rural financial inclusion. Based on hand-collected data from 199 MFOs worldwide, our results suggest strong coherence between social missions and actual practices. Hence, we argue that, with respect to MFOs' own stated social missions, mission drift is no serious concern. The trustworthiness of social mission statements makes them suitable evaluation tools for social enterprises. |
| Keywords: | Content analysis; Microfinance; Mission drift; Mission statement; Social enterprise |
| Date: | 2019–06 |
| URL: | http://d.repec.org/n?u=RePEc:ulb:ulbeco:2013/286998&r=all |
| By: | Nudrat Faria Shreya |
| Abstract: | The recent collapse of several microfinance sectors as well as the current COVID-19 pandemic has given rise to a growing concern about the risk of multiple borrowing among microcredit clients in developing countries. Researchers argue that availability of multiple sources of credit has tempted clients to take multiple loans simultaneously, and subsequently default on loans. However, there is little empirical evidence on the impact of multiple borrowing on welfare. Using a spatial fuzzy regression discontinuity design, in this paper I empirically study the impact of an additional source of credit on outstanding and delinquent debt and monthly income by comparing individuals with access to two sources of credit with individuals with access to a single source of credit. In addition, I find that access to an additional source of credit leads to a reduction in a borrower’s outstanding debt by USD 44.75 and a decline in number of outstanding loans by 0.07. However, an additional source of credit has no effect on delinquent debt or monthly income of borrowers. In addition, I provide evidence of no effect of outstanding debt on psychosocial wellbeing of borrowers in terms of their happiness, life satisfaction, financial satisfaction and health satisfaction. |
| Keywords: | microfinance; multiple borrowing; indebtedness; outstanding debt; psychosocial wellbeing; regression discontinuity design |
| JEL: | G21 G51 I31 |
| Date: | 2021–02 |
| URL: | http://d.repec.org/n?u=RePEc:ukc:ukcedp:2103&r=all |