IDEAS home Printed from https://ideas.repec.org/p/aly/journl/201701.html

The Occurance And Theoretical Aspects Of Microfinance

Author

Listed:
  • Srdjan Jankovic

    (University of Donja Gorica, Montenegro)

Abstract

Micro-lending is a financial instrument for providing small loans and other financial services (such as micro-savings and micro-insurance) for the poor segments of the population for the purpose of self-employment or to start-up their own businesses. This method enables them and their families to be employed and economically independent. To better understand the concept of micro-lending in a scientific sense, it is necessary to investigate the circumstances and factors that have created the occurrence of this form of financing. The research in this paper starts from Bangladesh which is considered to be the "cradle of microfinance" in the world. Although there are differences between the countries that have developed microfinance such as population, culture, history, geographical features, economic development etc., there are also significant similarities. The main objective of this study is to determine whether there is a common pattern and to define the corresponding moment of socio-economic development that affects the initiation and development of microfinance in the countries that are the subject of this research. The research question is: What are circumstances that caused the occurrence of micro-lending, with a focus on Bangladesh and other countries where micro-lending developed? The hypothesis proved in the paper is: Microfinance occurs in countries that have high levels of poverty and low level of economic development. The comparative method is used to prove the hypothesis.

Suggested Citation

  • Srdjan Jankovic, "undated". "The Occurance And Theoretical Aspects Of Microfinance," Review of Socio - Economic Perspectives 201701, Reviewsep.
    • Handle: RePEc:aly:journl:201701
    DOI: https://doi.org/10.19275/RSEP007
    as

    Download full text from publisher

    File URL: https://reviewsep.com/my_documents/my_files/7FB_1_Jankovic-Full_Paper.pdf
    Download Restriction: no
    File URL: https://reviewsep.com/?page_id=243
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.19275/RSEP007?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
    ---><---

    References listed on IDEAS

    as
    1. Seibel, Hans Dieter, 2003. "History matters in microfinance," Working Papers 2003,5, University of Cologne, Development Research Center.
    2. World Bank, 2013. "World Development Indicators 2013," World Bank Publications - Books, The World Bank Group, number 13191, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. J. Clark & Robert Lawson & Alex Nowrasteh & Benjamin Powell & Ryan Murphy, 2015. "Does immigration impact institutions?," Public Choice, Springer, vol. 163(3), pages 321-335, June.
    2. Juan Antonio Duro & Jordi Teixidó-Figueras & Emilio Padilla, 2014. "The causal factors of international inequality in co2 emissions per capita: a regression-based inequality decomposition analysis," Working Papers 2014/20, Institut d'Economia de Barcelona (IEB).
    3. World Bank, 2019. "Tanzania Economic Update, December 2019," World Bank Publications - Reports 36927, The World Bank Group.
    4. Chankseliani, Maia, 2014. "Are we using Friedman's roadmap? A comparative analysis of stimuli of private school enrolments in post-Soviet countries," International Journal of Educational Development, Elsevier, vol. 38(C), pages 13-21.
    5. Saule Baurzhan & Glenn P. Jenkins, 2017. "On-Grid Solar PV versus Diesel Electricity Generation in Sub-Saharan Africa: Economics and GHG Emissions," Sustainability, MDPI, vol. 9(3), pages 1-15, March.
    6. Simplice A. Asongu, 2019. "FDI in Selected Developing Countries: Evidence from Bundling and Unbundling Governance," Working Papers 19/057, European Xtramile Centre of African Studies (EXCAS).
    7. Muhammad Shafiullah & Ravinthirakumaran Navaratnam, 2016. "Do Bangladesh and Sri Lanka Enjoy Export-Led Growth? A Comparison of Two Small South Asian Economies," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 17(1), pages 114-132, March.
    8. Dany Bahar & Hillel Rapoport & Riccardo Turati, 2019. "Does Birthplace Diversity Affect Economic Complexity ? Cross-Country Evidence," LIDAM Discussion Papers IRES 2019020, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    9. Maria Iacovou, 2013. "The relationship between incomes and living arrangements: variation between countries, over the life course, and over time," ImPRovE Working Papers 13/15, Herman Deleeck Centre for Social Policy, University of Antwerp.
    10. Juan Antonio Duro & Jordi Teixidó-Figueras & Emilio Padilla, 2017. "The Causal Factors of International Inequality in $$\hbox {CO}_{2}$$ CO 2 Emissions Per Capita: A Regression-Based Inequality Decomposition Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(4), pages 683-700, August.
    11. Marijke Verpoorten, 2014. "Growth, poverty and inequality in Rwanda: a broad perspective," Working Papers of LICOS - Centre for Institutions and Economic Performance 490896, KU Leuven, Faculty of Economics and Business (FEB), LICOS - Centre for Institutions and Economic Performance.
    12. Rute M. Caeiro & Pedro C. Vicente, 2020. "Knowledge of vitamin A deficiency and crop adoption: Evidence from a field experiment in Mozambique," Agricultural Economics, International Association of Agricultural Economists, vol. 51(2), pages 175-190, March.
    13. Riccardo Pelizzo & Daulet Turganov & Nygmetzhan Kuzenbayev, 2023. "Modernization, Superstition, And Cultural Change," World Affairs, John Wiley & Sons, vol. 186(4), pages 869-895, December.
    14. Olukorede Abiona & Martin Foureaux Koppensteiner, 2022. "Financial Inclusion, Shocks, and Poverty: Evidence from the Expansion of Mobile Money in Tanzania," Journal of Human Resources, University of Wisconsin Press, vol. 57(2), pages 435-464.
    15. repec:ipg:wpaper:2014-467 is not listed on IDEAS
    16. Dixon, Jenna & Luginaah, Isaac & Mkandawire, Paul, 2014. "The National Health Insurance Scheme in Ghana's Upper West Region: A gendered perspective of insurance acquisition in a resource-poor setting," Social Science & Medicine, Elsevier, vol. 122(C), pages 103-112.
    17. Alice N. Sindzingre, 2015. "Whatever Inconsistencies and Effects? Explaining the Resilience of the Policy Reforms Applied to Developing Countries," Forum for Social Economics, Taylor & Francis Journals, vol. 44(2), pages 159-178, August.
    18. Tanu M Goyal & Arpita Mukherjee, 2017. "Trade Agreements and Services Value Chain: The Case of India and Thailand," Applied Finance and Accounting, Redfame publishing, vol. 3(1), pages 11-23, February.
    19. Böhme, Marcus H. & Persian, Ruth & Stöhr, Tobias, 2015. "Alone but better off? Adult child migration and health of elderly parents in Moldova," Journal of Health Economics, Elsevier, vol. 39(C), pages 211-227.
    20. Dorosh, Paul A. & Thurlow, James, 2014. "Beyond agriculture versus nonagriculture: Decomposing sectoral growth–poverty linkages in five African countries," IFPRI discussion papers 1391, International Food Policy Research Institute (IFPRI).
    21. Burhan, Nik Ahmad Sufian & Mohamad, Mohd Rosli & Kurniawan, Yohan & Sidek, Abdul Halim, 2014. "National Intelligence, Basic Human Needs, and Their Effect on Economic Growth," MPRA Paper 77267, University Library of Munich, Germany.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

    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:aly:journl:201701. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Veysel KAYA (email available below). General contact details of provider: https://edirc.repec.org/data/degraus.html .

    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.