Seasonality and Microcredit PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Seasonality and Microcredit PDF full book. Access full book title Seasonality and Microcredit by Abu S. Shonchoy. Download full books in PDF and EPUB format.
Author: Abu S. Shonchoy
Publisher: Springer
ISBN: 4431550100
Category : Business & Economics
Languages : en
Pages : 116
Get Book Here
Book Description
The mismatch between credit repayments and income seasonality can create serious distortions. However, typically Micro-Finance Institutes (MFIs) do not provide any adjustments due to the income seasonality. For instance in Northern Bangladesh, Income and consumption downfalls during the time of post-Aman rice plantation seasons are quite regular phenomenon which is locally known as “Monga”. Poor landless agricultural wage laborers suffer the most due to this seasonality and usually they face difficulty to smooth their consumptions. As a result, it is extremely difficult to arrange the regular weekly loan repayments of the micro-credit, which they have taken during the productive part of the year. Using field experiments through RCTs in Northern Bangladesh, we randomly assigned seasonality adjusted flexible micro-credits and traditional rigid micro-credit to different borrowing groups. Examining the repayment behavior of the borrowers in the context of geographical classifications and loan designs; employing both survey and experimental methods, this study allows us to see the consequences of flexible loan repayment rules during the lean periods, and how they affect both MFIs and participating borrowers. The findings of this study have important policy implications for MFIs and policy-makers of the developing countries.
Author: Abu S. Shonchoy
Publisher: Springer
ISBN: 4431550100
Category : Business & Economics
Languages : en
Pages : 116
Get Book Here
Book Description
The mismatch between credit repayments and income seasonality can create serious distortions. However, typically Micro-Finance Institutes (MFIs) do not provide any adjustments due to the income seasonality. For instance in Northern Bangladesh, Income and consumption downfalls during the time of post-Aman rice plantation seasons are quite regular phenomenon which is locally known as “Monga”. Poor landless agricultural wage laborers suffer the most due to this seasonality and usually they face difficulty to smooth their consumptions. As a result, it is extremely difficult to arrange the regular weekly loan repayments of the micro-credit, which they have taken during the productive part of the year. Using field experiments through RCTs in Northern Bangladesh, we randomly assigned seasonality adjusted flexible micro-credits and traditional rigid micro-credit to different borrowing groups. Examining the repayment behavior of the borrowers in the context of geographical classifications and loan designs; employing both survey and experimental methods, this study allows us to see the consequences of flexible loan repayment rules during the lean periods, and how they affect both MFIs and participating borrowers. The findings of this study have important policy implications for MFIs and policy-makers of the developing countries.
Author: Shahidur R. Khandker
Publisher: World Bank Publications
ISBN: 0821395548
Category : Social Science
Languages : en
Pages : 220
Get Book Here
Book Description
The book provides an exhaustive inquiry of Bangladesh s seasonal hunger with special focus on the northwest region where it is more pronounced than in other areas. It also presents an evaluation of several policy interventions launched recently in mitigating seasonality.
Author: Wahiduddin Mahmud
Publisher: Taylor & Francis
ISBN: 1315413167
Category : Business & Economics
Languages : en
Pages : 287
Get Book Here
Book Description
The remarkable speed at which microcredit has expanded around the world in the last three decades has piqued the curiosity of practitioners and theorists alike. By developing innovative ways of making credit available to the poor, the idea of microcredit has challenged many traditional assumptions about both poverty reduction strategies and financial markets. While this has encouraged new theorising about how microcredit works, the practice of microcredit has itself evolved, often in unpredictable ways, outpacing the development of theory. The Theory and Practice of Microcredit aims to remedy this imbalance, arguing that a proper understanding of the evolution of practice is essential both for developing theories that are relevant for the real world and for adopting policies that can better realize the full potential of microcredit. By drawing upon their first-hand knowledge of the nature of this evolution in Bangladesh, the birthplace of microcredit, the authors have pushed the frontiers of current knowledge through a rich blend of theoretical and empirical analysis. The book breaks new grounds on a wide range of topics including: the habit-forming nature of credit repayment; the institutional strength and community-based role of microfinance institutions; the relationships between microcredit and informal credit markets; the pattern of long-term participation in microcredit programmes and the variety of loan use; the scaling up of microenterprises beyond subsistence; the "missing middle" in the credit market; and the prospects of linking micro-entrepreneurship with economic development. The book will be of interest to researchers, development practitioners and university students of Development Economics, Rural Development, or Rural Finance, as well as to public intellectuals.
Author: Tazul Islam
Publisher: Routledge
ISBN: 1317096797
Category : Business & Economics
Languages : en
Pages : 202
Get Book Here
Book Description
The attempt of the Grameen Bank to alleviate poverty and enhance the skills and productivity of its rural women clients provides the fascinating backdrop to this important study of micro-credit institutions. Tazul Islam examines the real extent to which the Grameen Bank's credit-alone policy has been successful in securing the Bank's financial sustainability; its practical role in alleviating poverty and its actual impact on the productivity of its clients. This book concludes by considering alternative policy options that hold out the possibility of increased poverty alleviation.
Author: Milford Bateman
Publisher: Zed Books Ltd.
ISBN: 1848138954
Category : Business & Economics
Languages : en
Pages : 384
Get Book Here
Book Description
Since its emergence in the 1970s, microfinance has risen to become one of the most high-profile policies to address poverty in developing and transition countries. It is beloved of rock stars, movie stars, royalty, high-profile politicians and ‘troubleshooting’ economists. In this provocative and controversial analysis, Milford Bateman reveals that microfinance doesn’t actually work. In fact, the case for it has been largely built on hype, on egregious half-truths and – latterly – on the Wall Street-style greed of those promoting and working in microfinance. Using a multitude of case studies, from India to Cambodia, Bolivia to Uganda, Serbia to Mexico, Bateman demonstrates that microfi nance actually constitutes a major barrier to sustainable economic and social development, and thus also to sustainable poverty reduction. As developing and transition countries attempt to repair the devastation wrought by the global financial crisis, Why Doesn’t Microfinance Work? argues forcefully that the role of microfinance in development policy urgently needs to be reconsidered.
Author:
Publisher:
ISBN:
Category : Bangladesh
Languages : en
Pages : 632
Get Book Here
Book Description
Author: Mohammad Jasim Uddin
Publisher: Routledge
ISBN: 1317430867
Category : Business & Economics
Languages : en
Pages : 244
Get Book Here
Book Description
Microcredit has been seen in recent decades as having great potential for aiding development in poor developing countries, with Bangladesh being one of the countries which has pioneered microcredit and implemented it most widely. This book, based on extensive original research, explores how microcredit works in practice, and assesses its effectiveness. It discusses how microcredit, usually channelled through women, is often passed to the men of the family, a practice disapproved of by some, but regarded as acceptable by borrowers who have a communal approach to debt, rather than viewing debt as something held by single individuals. The book demonstrates how the rules around microcredit are often seem as irksome by the borrowers, how lenders often charge high rates of interest and work primarily to preserve their institutions, thereby going against the spirit of the microcredit movement, and how borrowers often end up on a downward spiral, deeper and deeper in debt. Overall, the book argues that although microcredit does much good, it also has many drawbacks.
Author: Shahidur R. Khandker
Publisher: World Bank Publications
ISBN: 1464808953
Category : Business & Economics
Languages : en
Pages : 336
Get Book Here
Book Description
The recent past has witnessed phenomenal growth in MFIs around the world. Today as many as 200 million people are beneficiaries of microfinance. Given its worldwide attention, microfinance has received serious criticism, including the argument that it is a fad with less-than-expected benefits for the poor. Surely, microfinance is not without any pitfalls. Yet the premise of improving access to financial services for consumption smoothing by the poor has never been a subject of controversy. What has been controversial is whether microfinance can alleviate poverty. That the poor lack an effective and affordable alternative financing mechanism to support income generation does not necessarily mean microfinance is a panacea since it involves entrepreneurial skills, which many poor lack. It is little wonder that studies evaluating the benefits of microfinance have produced conflicting results. Of course, study findings are contextual: They are positive in conducive environments and less so in unfavorable ones. Microfinance must be distinguished from anti-poverty schemes (e.g., conditional cash transfers) because benefits from microfinance-supported activities, which involve participants’ entrepreneurial skills and ability, take time to realize. This book using household long panel survey of 1991/92-2010/11 from Bangladesh addresses some of criticisms—including whether pushing microfinance has made it redundant as a tool for poverty reduction—while investigating whether it still matters for the poor after two decades of extensive growth. The book’s findings confirm the positive effects of continued borrowing from a microfinance program. Despite a manifold increase in microfinance borrowing, loan recovery has not declined and long-term borrowers are not trapped in poverty or debt. Interest rates charged by MFIs are not too high for realizing returns on investment, although the MFIs have scope for lowering them. The book is expected to contribute to the ongoing debate on the cost-effectiveness of microfinance as a tool for inclusive growth and development. It is expected to fill knowledge gaps in understanding the various virtues of microfinance against its portrayal as having drifted from its original poverty-reduction mission.
Author: Hugh Sinclair
Publisher: Berrett-Koehler Publishers
ISBN: 1609945182
Category : Business & Economics
Languages : en
Pages : 290
Get Book Here
Book Description
Microfinance insider Hugh Sinclair weaves a shocking tale of an industry focused on maximizing profits and plagued by predatory lending practices, scandals, cover-ups and corruption.
Author: Stephen Devereux
Publisher: Routledge
ISBN: 1136494391
Category : Business & Economics
Languages : en
Pages : 382
Get Book Here
Book Description
Seasonality is a severe constraint to sustainable rural livelihoods and a driver of poverty and hunger, particularly in the tropics. Many poor people in developing countries are ill equipped to cope with seasonal variations which can lead to drought or flood and consequences for agriculture, employment, food supply and the spread of disease. The subject has assumed increasing importance as climate change and other forms of development disrupt established seasonal patterns and variations. This book is the first systematic study of seasonality for over twenty years, and it aims to revive academic interest and policy awareness of this crucial but neglected issue. Thematic chapters explore recent shifts with profound implications for seasonality, including climate change, HIV/AIDS, and social protection. Case study chapters explore seasonal dimensions of livelihoods in Africa (Ethiopia, Kenya, Malawi), Asia (Bangladesh, China, India), and Latin America (Peru). Others assess policy responses to adverse seasonality, for example through irrigation, migration and seasonally-sensitive education. The book also includes innovative tools for monitoring seasonality, which should enable more appropriate responses.
