IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Is Combined Microfinance an Instrument to enhance Sustainable Pro-Poor Public Policy Outcomes?

  • Koen Rossel-Cambier

Product diversification involving simultaneously microcredit, savings or insurance services –also called combined microfinance (CMF)- can both leverage and challenge policy outcomes. This paper reviews two complementary questions in this regard: Which are the possible effects of CMF on public policy? and; How can public policy influence CMF outcomes? A literature review, findings from qualitative assessments and a case study in Barbados highlight the increased challenging environment when supervising, regulating and promoting CMF. When preparing regulation, one has to ensure that the necessary technical and organisational capacity is in place to ensure proper monitoring and oversight. When supporting CMF, policy makers should strive at enhancing smart ways of subsidizing. CMF may stimulate economic and outreach policy outcomes. Still, as it can have adverse effects on the depth of poverty outreach, pro-poor and gender specific policy measures need to be put in place to accompany MFIs engaging in CMF. This paper calls for a more ambitious research agenda to accompany the increasingly complex demand and supply side elements relating to CMF public policy oversight.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/81986/1/wp11013.pdf
Download Restriction: no

Paper provided by ULB -- Universite Libre de Bruxelles in its series Working Papers CEB with number 11-013.

as
in new window

Length: 34 p.
Date of creation: Mar 2011
Date of revision:
Publication status: Published by:
Handle: RePEc:sol:wpaper:2013/81986
Contact details of provider: Postal: CP114/03, 42 avenue F.D. Roosevelt, 1050 Bruxelles
Phone: +32 (0)2 650.48.64
Fax: +32 (0)2 650.41.88
Web page: http://difusion.ulb.ac.be
Email:


More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Isabelle Agier & Ariane Szafarz, 2011. "Credit to Women Entrepreneurs: The Curse of the Trustworthier Sex," Working Papers CEB 11-005, ULB -- Universite Libre de Bruxelles.
  2. Beatriz Armendariz & Jonathan Morduch, 2007. "The Economics of Microfinance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262512017, June.
  3. Koen Rossel-Cambier, 2008. "Combined Micro-Finance: Selected Research Questions from a Stakeholder Point of View," Working Papers CEB 08-004.RS, ULB -- Universite Libre de Bruxelles.
  4. Gin, Xavier & Yang, Dean, 2009. "Insurance, credit, and technology adoption: Field experimental evidencefrom Malawi," Journal of Development Economics, Elsevier, vol. 89(1), pages 1-11, May.
  5. Marc Labie, 2004. "Microfinance : un état des lieux," Mondes en développement, De Boeck Université, vol. 126(2), pages 9-23.
  6. Armendáriz, Beatriz & Szafarz, Ariane, 2011. "On mission drift in microfinance institutions," MPRA Paper 31041, University Library of Munich, Germany, revised 2010.
  7. McIntosh, Craig & Wydick, Bruce, 2005. "Competition and microfinance," Journal of Development Economics, Elsevier, vol. 78(2), pages 271-298, December.
  8. Marek Hudon, 2008. "Norms and values of the various microfinance institutions," ULB Institutional Repository 2013/14208, ULB -- Universite Libre de Bruxelles.
  9. Jeremy Scott, 2004. "Ethics, Governance, Trust, Transparency and Customer Relations," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan, vol. 29(1), pages 45-51, January.
  10. Arun, Thankom, 2005. "Regulating for development: the case of microfinance," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(2-3), pages 346-357, May.
  11. Isabelle Agier & Ariane Szafarz, 2013. "Microfinance and Gender: Is There a Glass Ceiling on Loan Size?," ULB Institutional Repository 2013/149090, ULB -- Universite Libre de Bruxelles.
  12. repec:dgr:kubtil:2008022 is not listed on IDEAS
  13. Marc Labie, 2007. "Microfinance et gouvernance : réflexions pour une régulation articulée entre secteurs public et privé," Mondes en développement, De Boeck Université, vol. 0(2), pages 93-102.
  14. Marek Hudon, 2007. "Use of donor funds in the financing of MFIs," Working Papers CEB 07-020.RS, ULB -- Universite Libre de Bruxelles.
  15. Koen Rossel-Cambier, 2010. "Do Multiple Financial Services Enhance the Poverty Outreach of Microfinance Institutions?," Working Papers CEB 10-058, ULB -- Universite Libre de Bruxelles.
  16. Kolk, Ans & van Tulder, Rob & Kostwinder, Esther, 2008. "Business and partnerships for development," European Management Journal, Elsevier, vol. 26(4), pages 262-273, August.
  17. Dror, David Mark & Koren, Ruth & Ost, Alexander & Binnendijk, Erika & Vellakkal, Sukumar & Danis, Marion, 2007. "Health insurance benefit packages prioritized by low-income clients in India: Three criteria to estimate effectiveness of choice," Social Science & Medicine, Elsevier, vol. 64(4), pages 884-896, February.
  18. Henri de Castries, 2004. "Ethics, Governance, Trust, Transparency and Customer Relations," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan, vol. 29(1), pages 36-39, January.
  19. Sriram M S, . "Information Asymmetry and Trust: A Framework for Studying Micro-Finance in India," IIMA Working Papers WP2002-09-02, Indian Institute of Management Ahmedabad, Research and Publication Department.
  20. Abbey, Edward Mac, 2008. "Constructive regulation of non-government organizations," The Quarterly Review of Economics and Finance, Elsevier, vol. 48(2), pages 370-376, May.
  21. 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.
  22. Tesar, Linda L., 1991. "Savings, investment and international capital flows," Journal of International Economics, Elsevier, vol. 31(1-2), pages 55-78, August.
  23. Brian K. Atchinson, 2004. "Ethics, Governance, Trust, Transparency and Customer Relations," The Geneva Papers on Risk and Insurance, The International Association for the Study of Insurance Economics, vol. 29(1), pages 40-44, 01.
  24. Henri Castries, 2004. "Ethics, Governance, Trust, Transparency and Customer Relations," The Geneva Papers on Risk and Insurance, The International Association for the Study of Insurance Economics, vol. 29(1), pages 36-39, 01.
  25. Kumar Aniket, 2006. "Does Subsidising the Cost of Capital Help the Poorest? An Analysis of Saving Opportunities in Group Lending," ESE Discussion Papers 140, Edinburgh School of Economics, University of Edinburgh.
  26. Koen Rossel-Cambier & Leopoldo Romagnoli, 2009. "Status of Social Investment in Children in the Eastern Caribbean – An Overview," Working Papers CEB 10-022, ULB -- Universite Libre de Bruxelles.
  27. Brian K Atchinson, 2004. "Ethics, Governance, Trust, Transparency and Customer Relations," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan, vol. 29(1), pages 40-44, January.
  28. Dekker, Marleen & Wilms, Annegien, 2010. "Health Insurance and Other Risk-Coping Strategies in Uganda: The Case of Microcare Insurance Ltd," World Development, Elsevier, vol. 38(3), pages 369-378, March.
  29. Alexander Tedeschi, Gwendolyn, 2006. "Here today, gone tomorrow: Can dynamic incentives make microfinance more flexible?," Journal of Development Economics, Elsevier, vol. 80(1), pages 84-105, June.
  30. Jeremy Scott, 2004. "Ethics, Governance, Trust, Transparency and Customer Relations," The Geneva Papers on Risk and Insurance, The International Association for the Study of Insurance Economics, vol. 29(1), pages 45-51, 01.
  31. David Hulme & Karen Moore & Armando Barrientos, 2009. "Assessing the insurance role of microsavings," Working Papers 83, United Nations, Department of Economics and Social Affairs.
  32. Honohan, Patrick, 2008. "Cross-country variation in household access to financial services," Journal of Banking & Finance, Elsevier, vol. 32(11), pages 2493-2500, November.
  33. Ben Soltane Bassem, 2008. "Governance and performance of microfinance institutions in Mediterranean countries," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 10(1), pages 31-43, September.
  34. Marc Labie & Anaïs Périlleux, 2008. "Corporate governance in microfinance: credit unions," Working Papers CEB 08-003.RS, ULB -- Universite Libre de Bruxelles.
  35. Jain, Sanjay & Mansuri, Ghazala, 2003. "A little at a time: the use of regularly scheduled repayments in microfinance programs," Journal of Development Economics, Elsevier, vol. 72(1), pages 253-279, October.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:sol:wpaper:2013/81986. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Benoit Pauwels)

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.