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Microfinance and Human Development in Kerala

Author

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  • Kuriakose, Francis
  • Joseph, Janssen

Abstract

This paper examines how microfinance institutions impact human development indicators using the case of Kerala in southern India. The study uses an institutional approach to understand microfinance institutions with the help of three variables - core activities, total loan portfolio and approach to microfinance. The impact of microfinance institutions on four human development variables namely education, health, income and participation are analyzed. The main conclusion of the study is that microfinance institutions that follow an integrated approach impact human development more than those that follow a minimalist approach. Furthermore, this impact of microfinance institution is due to production functions that generate income and protective function that defends against vulnerability. Therefore, an integrated approach to microfinance has income generating and risk mitigating effects that translate into better human development indicators.

Suggested Citation

  • Kuriakose, Francis & Joseph, Janssen, 2020. "Microfinance and Human Development in Kerala," MPRA Paper 98393, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:98393
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    File URL: https://mpra.ub.uni-muenchen.de/98393/1/MPRA_paper_98393.pdf
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    Keywords

    Microfinance; Human development; Financial inclusion; Social welfare; Kerala;

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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