2008 XXXII 3

Gandhi vs Gauss: ethical issues in micro and small business finance

J. D. Von Pischke
Savings and Development Vol. 32(2008), No. 3, pp. 127-152

Efforts to discern ethical behaviour can lead to quite different results. Gandhi uses the most wretched person as the guide, Gauss stresses central tendencies, and Hayek suggests that specialisation is essential for a productive society. Use of [...]

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What macro factors make microfinance institutions reach out?

Annabel Vanroose
Savings and Development Vol. 32(2008), No. 3, pp. 153-174

This paper identifies factors that explain why microfinance institutions are reaching more clients in some countries than in others. To that end, the paper applies a cross-country analysis on a unique dataset covering 115 countries. Results indicate [...]

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Le crédit scoring: une nouvelle voie pour réduire les problèmes de remboursement et améliorer la performance des IMFs

Ben Soltane Bassem
Savings and Development Vol. 32(2008), No. 3, pp. 175-204

The aim of this research is to develop a scoring model using logistic regression applied to 496 individuals loans from Tunisian MFIs. The results show that the gender, the credit rationing, the house property, other sources of wealth, a fixed wage, [...]

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New estimates of the effect of financial liberalisation on economic growth in Nigeria

Babajide Fowowe
Savings and Development Vol. 32(2008), No. 3, pp. 205-225

The theory of financial liberalisation advocates the freeing up of financial markets so as to ensure a more efficient allocation of investment and a consequent improvement in economic growth. Nigeria’s experience with financial liberalisation [...]

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Is there a difference in poverty outreach by type of microfinance institution? Country studies from Asia and Latin America

Manfred Zeller and Julia Johannsen
Savings and Development Vol. 32(2008), No. 3, pp. 227-269

Microfinance is often seen as an effective tool to reach the poor, yet there is a paucity of studies on the poverty level of microfinance clients, differentiated by type of microfinance institution. This paper seeks to make a contribution in closing [...]

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