Journal ArticleDOI
The role of subsidies in microfinance: evidence from the Grameen Bank
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TLDR
The Grameen Bank of Bangladesh has been in the vanguard of the micro-finance movement, showing the potential to alleviate poverty by providing credit to poor house-holds.About:
This article is published in Journal of Development Economics.The article was published on 1999-10-01. It has received 413 citations till now. The article focuses on the topics: Microfinance & Subsidy.read more
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Journal ArticleDOI
The microfinance promise
TL;DR: In this article, the authors highlight the diversity of innovative mechanisms beyond group-lending contracts, the measurement of financial sustainability, the estimation of economic and social impacts, the costs and benefits of subsidization, and the potential to reduce poverty through savings programs rather than just credit.
Posted Content
Microfinance and poverty - evidence using panel data from Bangladesh
TL;DR: In this paper, the authors used household level panel data from Bangladesh and found that micro-finance benefits the poorest and has sustained impact in reducing poverty among program participants, but the effect is more pronounced in reducing extreme rather than moderate poverty.
Journal ArticleDOI
Microfinance and poverty : evidence using panel data from Bangladesh
TL;DR: In this article, the authors used household level panel data from Bangladesh and found that micro-finance benefits the poorest and has sustained impact in reducing poverty among program participants, but the effect is more pronounced in reducing extreme rather than moderate poverty.
Micro-credit initiatives for equitable and sustainable development : who pays?; a case study of the Grameen Bank Program in rural Bangladesh
TL;DR: In this paper, anthropological research on the micro-credit program of the Grameen Bank shows that bank workers are expected to increase disbursement of loans among their members and press for high recovery rates to earn profit necessary for economic viability of the institution.
Posted Content
Microfinance Meets the Market
TL;DR: This paper analyzed the tensions and opportunities of micro finance as it embraces the market, drawing on a data set that includes 346 of the world's leading micro-finance institutions and covers nearly 18 million active borrowers, finding that profit-maximizing investors would have limited interest in most of the institutions that are focusing on the poorest customers and women.
References
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Posted ContentDOI
Credit Rationing in Markets with Imperfect Information.
Joseph E. Stiglitz,Andrew Weiss +1 more
TL;DR: In this paper, a model is developed to provide the first theoretical justification for true credit rationing in a loan market, where the amount of the loan and amount of collateral demanded affect the behavior and distribution of borrowers, and interest rates serve as screening devices for evaluating risk.
Journal ArticleDOI
The microfinance promise
TL;DR: In this article, the authors highlight the diversity of innovative mechanisms beyond group-lending contracts, the measurement of financial sustainability, the estimation of economic and social impacts, the costs and benefits of subsidization, and the potential to reduce poverty through savings programs rather than just credit.
Book
The microfinance schism
TL;DR: In this article, the authors recognize the limits of the win-win proposition for micro-finance and reach a more constructive dialogue between microfinance advocates that privilege financial development and those that privilege social impacts.
Micro-credit initiatives for equitable and sustainable development : who pays?; a case study of the Grameen Bank Program in rural Bangladesh
TL;DR: In this paper, anthropological research on the micro-credit program of the Grameen Bank shows that bank workers are expected to increase disbursement of loans among their members and press for high recovery rates to earn profit necessary for economic viability of the institution.
Book
Fighting poverty with microcredit : experience in Bangladesh
TL;DR: In this article, the authors examined the cost effectiveness of micro-credit programs vis-�vis other antipoverty programs, such as Food-for-Work, and used extensive household survey data to address how the gender of participants affects the impact of micro credit programs.