nep-mfd New Economics Papers
on Microfinance
Issue of 2026–03–16
three papers chosen by
Guadalupe Acra Ticona


  1. Risk aversion and credit access: Solving financial exclusion through contract innovation By Ambler, Kate; Bakhtiar, M. Mehrab; de Brauw, Alan; Uddin, Mohammad Riad
  2. The Effects of Financial Inclusion on Individuals’ Quality of Life in Morocco: A Study Conducted Using Multiple Correspondence Analysis (MCA) By Mouzoun Zakarya; Ammi Anouar
  3. A Picture of Banking Access and Financial Inclusion in the U.S. By Nicholas Ledden

  1. By: Ambler, Kate; Bakhtiar, M. Mehrab; de Brauw, Alan; Uddin, Mohammad Riad
    Abstract: Credit market failures may reflect voluntary withdrawal by risk-averse borrowers in addition to supply-side constraints. We conduct a randomized trial with 1, 517 Bangladeshi households, offering cattle financing through conventional loans or profit-sharing contracts that spread risk between the farmer and the financial partner. Overall, interest in and take-up of the profit-sharing contracts were modestly higher than the conventional loans. However, conventional loan take-up was much lower among risk-averse farmers, and profit-sharing eliminated the take-up gap between risk-averse and non-risk-averse farmers. We find that it is male risk preferences that are associated with these decisions even when contracts explicitly target women. Livestock investment increases under both contracts with no evidence of moral hazard under profit-sharing.
    Keywords: gender; credit; financing; livestock; loans; smallholders; financial innovation; access to finance; risk; risk coping strategies; Bangladesh; Southern Asia; Asia
    Date: 2026–02–17
    URL: https://d.repec.org/n?u=RePEc:fpr:gsspwp:181679
  2. By: Mouzoun Zakarya (ENCG - UIT - ECOLE NATIONALE DE COMMERCE ET DE GESTION - KENITRA); Ammi Anouar (ENCG - UIT - ECOLE NATIONALE DE COMMERCE ET DE GESTION - KENITRA)
    Abstract: This article explores the link between financial inclusion and quality of life in Morocco using Multiple Correspondence Analysis (MCA) on a sample of 120 individuals. Financial inclusion is analyzed through its three dimensions: access, use, and perceived quality. Results show that the first factorial dimension, explaining nearly 78% of the variance, is shaped by effective use, service quality, and education/personal development, demonstrating that inclusion depends more on appropriation than on simple access. The second dimension, representing 45% of the variance, underlines the crucial role of trust in financial institutions, where transparency and institutional relationships determine the depth of inclusion. Variables related to poverty and inequality reduction are weakly discriminant, suggesting impacts are mostly macroeconomic and long-term. The study reinforces the multidimensional nature of financial inclusion, highlighting often neglected variables such as trust and financial literacy, while stressing the need for policies focused on quality and financial education to achieve meaningful and sustainable inclusion in Morocco.
    Abstract: Cet article explore les liens entre inclusion financière et qualité de vie des individus au Maroc à travers l'Analyse des Correspondances Multiples (ACM) menée sur un échantillon de 120 individus. L'inclusion est étudiée selon trois dimensions principales : accès, utilisation et qualité perçue des services financiers. Les résultats montrent que la première dimension factorielle, expliquant près de 78 % de la variance, est dominée par l'utilisation des services, la perception de leur qualité et l'éducation/développement personnel, confirmant que l'inclusion repose davantage sur l'appropriation des produits que sur le seul accès. La deuxième dimension, représentant 45 % de la variance, souligne le rôle central de la confiance envers les institutions financières, essentielle pour renforcer la transparence et la relation institutionnelle. Sur le plan théorique, cette étude confirme le caractère multidimensionnel de l'inclusion et met en lumière des variables souvent négligées comme la confiance et la littératie financière, tandis que sur le plan empirique, elle insiste sur la nécessité de politiques publiques axées sur la qualité et l'éducation financière pour améliorer durablement la vie des populations.
    Keywords: Confiance institutionnelle, Littératie financière Financial inclusion, Quality of life, Multiple Correspondence Analysis (MCA), Morocco, Institutional trust, Financial literacy, Maroc, Analyse des Correspondances Multiples (ACM), Qualité de vie, Inclusion financière
    Date: 2025–10–15
    URL: https://d.repec.org/n?u=RePEc:hal:journl:hal-05451263
  3. By: Nicholas Ledden
    Abstract: Data on unbanked and underbanked households, their demographics and the use of Bank On products offer insight into Americans' access to banking services.
    Date: 2024–12–11
    URL: https://d.repec.org/n?u=RePEc:fip:l00100:102748

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