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Microfinance Institutions (MFIs) on the Remittances Market: Money Transfer Activity and Savings Mobilisation

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  • Ritha Sukadi Mata

Abstract

This paper is a first attempt to empirically measure the impact of a money transfer activity on MFIs’ savings mobilisation. After analysing the opportunities for MFIs to succeed in transforming remittances receivers into clients, the paper empirically tests whether MFIs operating on the remittances market have a significantly higher level of savings than others, thanks to their money transfer activity. After building our variable of interest (a dummy for the money transfer activity) based on the Mixmarket website (for the regions of Latin America and the Caribbean, East Asia and the Pacific, South Asia and Africa), we run a cross-section regression for the year 2006 between the “savings over assets” ratio as explained variable and a set of explaining variables, including our variable of interest. We find a positive and significant coefficient for the money transfer activity dummy. Latest version; August 2011 - http://www.solvay.edu/sites/upload/files/CEB_WorkingPapers/LastUpdate/wp09022.pdf

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Bibliographic Info

Paper provided by ULB -- Universite Libre de Bruxelles in its series Working Papers CEB with number 09-022.RS.

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Length: 32 p.
Date of creation: 2009
Date of revision:
Publication status: Published by:
Handle: RePEc:sol:wpaper:09-022

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Related research

Keywords: savings; migrants’ savings; remittances; microfinance institutions (MFIs); money transfer activity.;

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References

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  1. Giuliano, Paola & Ruiz-Arranz, Marta, 2009. "Remittances, financial development, and growth," Journal of Development Economics, Elsevier, vol. 90(1), pages 144-152, September.
  2. Freund, Caroline & Spatafora, Nikola, 2005. "Remittances : transaction costs, determinants, and informal flows," Policy Research Working Paper Series 3704, The World Bank.
  3. repec:idb:brikps:36818 is not listed on IDEAS
  4. Aggarwal, Reena & Demirguc-Kunt, Asli & Martinez Peria, Maria Soledad, 2006. "Do workers'remittances promote financial development ?," Policy Research Working Paper Series 3957, The World Bank.
  5. repec:idb:brikps:46838 is not listed on IDEAS
  6. Sanjeev Gupta & Catherine A. Pattillo & Smita Wagh, 2007. "Impact of Remittances on Poverty and Financial Development in Sub-Saharan Africa," IMF Working Papers 07/38, International Monetary Fund.
  7. Enrique Alberola & Rodrigo César Salvado, 2006. "Banks, remittances and financial deepening in receiving countries. A model," Banco de España Working Papers 0621, Banco de España.
  8. Banco Interamericano de Desarrollo (BID) & International Fund for Agricultural Development (IFAD), 2007. "Sending Money Home: Worldwide Remittance Flows to Developing Countries," IDB Publications 7298, Inter-American Development Bank.
  9. Toxopeus, Helen S. & Lensink, Robert, 2007. "Remittances and Financial Inclusion in Development," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
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Cited by:
  1. Ritha Sukadi Mata, 2011. "Do migrants’ deposits reduce microfinance institutions’ liquidity risk?," Working Papers CEB 11-017, ULB -- Universite Libre de Bruxelles.

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