IDEAS home Printed from https://ideas.repec.org/a/wly/jintdv/v30y2018i4p584-614.html
   My bibliography  Save this article

Payday Lending and Microcredit: Two Faces of the Same Problem?

Author

Listed:
  • Khan Jahirul Islam
  • Wayne Simpson

Abstract

Despite large differences in socio†economic, geographical and political background, this study finds noteworthy similarities in the determinants of financial exclusion in Canada and Bangladesh. Household income, education, regional differences and respondent age are common significant determinants of payday loan borrowing in Canada and microcredit borrowing in Bangladesh. Financial knowledge has been identified as a significant determinant of payday loan borrowing in Canada. Our results suggest the need for paying more attention to the causes of financial exclusion and to improving financial literacy because the regulatory policies on interest rates in both countries do not seem to be effective. Copyright © 2017 John Wiley & Sons, Ltd.

Suggested Citation

  • Khan Jahirul Islam & Wayne Simpson, 2018. "Payday Lending and Microcredit: Two Faces of the Same Problem?," Journal of International Development, John Wiley & Sons, Ltd., vol. 30(4), pages 584-614, May.
    • Handle: RePEc:wly:jintdv:v:30:y:2018:i:4:p:584-614
    DOI: 10.1002/jid.3339
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/jid.3339
    Download Restriction: no
    File URL: https://libkey.io/10.1002/jid.3339?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shahid Manzoor Shah & Amjad Ali, 2022. "A Survey on Financial Inclusion: Theoretical and Empirical Literature Review," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(4), pages 310-330, December.
    2. Shymaa Bedaiwy & Dimity Peter, 2022. "An evaluation of Egyptian microfinance laws and regulations preventing overindebtedness of women," Journal of International Development, John Wiley & Sons, Ltd., vol. 34(7), pages 1318-1333, October.
    3. Zakir Morshed & Mohshin Habib & Christine Jubb, 2020. "Does Regulation Influence Microfinance Institutions to Be More Client-Responsive?," IJFS, MDPI, vol. 8(4), pages 1-24, October.
    4. Kara, Alper & Zhou, Haoyong & Zhou, Yifan, 2021. "Achieving the United Nations' sustainable development goals through financial inclusion: A systematic literature review of access to finance across the globe," International Review of Financial Analysis, Elsevier, vol. 77(C).
    5. Zhao Ding & Awudu Abdulai, 2020. "An Analysis of the Factors Influencing Choice of Microcredit Sources and Impact of Participation on Household Income," Journal of International Development, John Wiley & Sons, Ltd., vol. 32(4), pages 505-525, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:jintdv:v:30:y:2018:i:4:p:584-614. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/journal/5102/home .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.