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Great expectations: microfinance and poverty reduction in Asia and Latin America

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  • Weiss, John
  • Montgomery, Heather

Abstract

Microfinance institutions (MFIs) are often seen by aid practitioners as a manifestly effective means of improving the position of the poor. Despite this widely held view, detailed research studies have been much more guarded about the impact of MFIs. In particular, several studies have raised doubts about the effectiveness of MFIs in reaching the “core poor”. This paper surveys the evidence from Asia and Latin America and contrasts experiences in the two regions. Studies on the former have been carried out more “rigorously”, but in both regions the evidence that microfinance is reaching the core poor is very limited.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 33142.

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Date of creation: Sep 2004
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Handle: RePEc:pra:mprapa:33142

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Keywords: microfinance; poverty; Asia; Latin America;

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  1. Amin, S. & Rai, A.S. & Topa, G., 1999. "Does Microcredit Reach the Poor and Vulnerable? Evidence from Northern Bangldesh," Working Papers 99-06, C.V. Starr Center for Applied Economics, New York University.
  2. Navajas, Sergio & Schreiner, Mark & Meyer, Richard L. & Gonzalez-Vega, Claudio & Rodriguez-Meza, Jorge, 1998. "Microcredit And The Poorest Of The Poor: Theory And Evidence From Bolivia," Economics and Sociology Occasional Papers 28334, Ohio State University, Department of Agricultural, Environmental and Development Economics.
  3. P. Mosley, 2001. "Microfinance and Poverty in Bolivia," Journal of Development Studies, Taylor & Francis Journals, vol. 37(4), pages 101-132.
  4. Coleman, Brett E., 1999. "The impact of group lending in Northeast Thailand," Journal of Development Economics, Elsevier, vol. 60(1), pages 105-141, October.
  5. Mark M. Pitt & Shahidur R. Khandker & Omar Haider Chowdhury & Daniel L. Millimet, 1998. "Credit Programs for the Poor and the Nutritional Status of Children in Rural Bangladesh," Working Papers 98-4, Brown University, Department of Economics, revised 16 Jan 1998.
  6. Lapenu, Cécile & Zeller, Manfred, 2001. "Distribution, growth, and performance of microfinance institutions in Africa, Asia, and Latin America," FCND briefs 114, International Food Policy Research Institute (IFPRI).
  7. Mark M. Pitt & Shahidur R. Khandker, 1998. "The Impact of Group-Based Credit Programs on Poor Households in Bangladesh: Does the Gender of Participants Matter?," Journal of Political Economy, University of Chicago Press, vol. 106(5), pages 958-996, October.
  8. Paul Gertler & David I. Levine & Enrico Moretti, 2003. "Do Microfinance Programs Help Families Insure Consumption Against Illness?," Development and Comp Systems 0303004, EconWPA.
  9. Mark Schreiner, 2003. "A Cost-Effectiveness Analysis of the Grameen Bank of Bangladesh," Development Policy Review, Overseas Development Institute, vol. 21, pages 357-382, 05.
  10. Joseph P. Kaboski & Robert M. Townsend, 2005. "Policies and Impact: An Analysis of Village-Level Microfinance Institutions," Journal of the European Economic Association, MIT Press, vol. 3(1), pages 1-50, 03.
  11. Park, Albert & Ren, Changqing, 2001. "Microfinance with Chinese Characteristics," World Development, Elsevier, vol. 29(1), pages 39-62, January.
  12. Mark M. Pitt & Shahidur R. Khandker & Omar Haider Chowdhury & Daniel L. Millimet, 2003. "Credit Programs for the Poor And the Health Status of Children in Rural Bangladesh," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(1), pages 87-118, February.
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Citations

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Cited by:
  1. Imai, Katsushi S. & Arun, Thankom & Annim, Samuel Kobina, 2010. "Microfinance and Household Poverty Reduction: New Evidence from India," World Development, Elsevier, vol. 38(12), pages 1760-1774, December.
  2. Meesters, Aljar & Lensink, Robert & Hermes, Niels, 2008. "Outreach and Efficiency of Microfinance Institutions," Research Report 08002, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
  3. Gustavo Barboza & Sandra Trejos, 2009. "Micro Credit in Chiapas, México: Poverty Reduction Through Group Lending," Journal of Business Ethics, Springer, vol. 88(2), pages 283-299, September.
  4. Marc Labie & Michel Lelart & Thierry Montalieu, 2010. "Microfinance : le temps de la maturité ?," Mondes en développement, De Boeck Université, vol. 0(4), pages 7-11.
  5. Omar Azfar, 2006. "The New Institutional Economics Approach to Economic Development: A Discussion of Social, Political, Legal, and Economic Institutions," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(4), pages 965-980.
  6. Asalatha, B. P. & Vijayamohanan, Pillai N., 2010. "Raising the ‘Beatrice’s Goat’: The Indian Experience in Microcredit," MPRA Paper 29049, University Library of Munich, Germany.
  7. Byström, Hans, 2006. "The Microfinance Collateralized Debt Obligation: a Modern Robin Hood?," Working Papers 2006:14, Lund University, Department of Economics, revised 21 Aug 2006.
  8. Jing You & Samuel Annim, 2013. "The impact of microcredit on child education: quasi-experimental evidence from rural China," Brooks World Poverty Institute Working Paper Series 18313, BWPI, The University of Manchester.
  9. Quibria, M.G., 2012. "Microcredit and Poverty Alleviation: Can microcredit close the deal?," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  10. Angioloni, Simone & Kudabaev, Zarylbek & Ames, Glenn C.W. & Wetzstein, Michael E., 2013. "Micro-credit impact in Kyrgyzstan: A study case," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143074, Southern Agricultural Economics Association.
  11. Janda, Karel & Zetek, Pavel, 2013. "Macroeconomic factors influencing interest rates of microfinance institutions in Latin America," MPRA Paper 49973, University Library of Munich, Germany.
  12. Wilatluk Sinswat & Tientip Subhanij, 2010. "A Cross-Country Survey on SME Financial Access and implications for Thailand," Working Papers 2010-03, Economic Research Department, Bank of Thailand.
  13. Orbeta, Aniceto Jr. C. & Dingcong, Clarence G. & Kondo, Toshio & Infantado, Christine, 2008. "Impact of Microfinance on Rural Households in the Philippines," Discussion Papers DP 2008-05, Philippine Institute for Development Studies.
  14. Sophie Brana & Yves Jégourel, 2011. "Breadth and depth of french microfinance outreach : an evaluation," Working Papers hal-00637689, HAL.
  15. repec:ipg:wpaper:25 is not listed on IDEAS
  16. Montgomery, Heather, 2005. "Meeting the double bottom line: the impact of Khushhali bank's microfinance program in Pakistan," MPRA Paper 32595, University Library of Munich, Germany.
  17. Paul, Bénédique & Garrabé, Michel, 2011. "Le capital institutionnel dans l'analyse du développement : Prolongement théorique et premier test empirique
    [Institutional Capital in Economic Development Analysis: Theoretical Continuation and
    ," MPRA Paper 39016, University Library of Munich, Germany.
  18. Aubert, Cécile & de Janvry, Alain & Sadoulet, Elisabeth, 2009. "Designing credit agent incentives to prevent mission drift in pro-poor microfinance institutions," Journal of Development Economics, Elsevier, vol. 90(1), pages 153-162, September.
  19. Angioloni, Simone & Kudabaev, Zarylbek & Ames, Glenn C.W. & Wetzstein, Michael E., 2013. "Microcredit impact in Kyrgyzstan: A Case Study," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143838, Southern Agricultural Economics Association.
  20. Montgomery, Heather & Weiss, John, 2011. "Can Commercially-oriented Microfinance Help Meet the Millennium Development Goals? Evidence from Pakistan," World Development, Elsevier, vol. 39(1), pages 87-109, January.

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