Microfinance

Remittances and financial sector development. Lessons from the Salvadoran case

Christian Ambrosius
Savings and Development Vol. 35(2011), No. 1, pp. 1-27

The paper takes a closer look at the benefits and limitations of “banking” remittances in the case of El Salvador, where state-owned banks followed an active policy of reaching out to the diaspora. The first part analyzes the role of different [...]

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Combined microfinance: a conceptual approach revealing relevant knowledge gaps

Koen Rossel-Cambier
Savings and Development Vol. 34(2010), No. 1, pp. 73-95

Globally, many microfinance schemes (MFIs) are gradually shifting their focus from loans-only to multiple financial products, including insurance and savings. This phenomenon, which could be described as combined microfinance (CMF), has received [...]

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Microfinance and poverty reduction in rural Nigeria

Osaore Aideyan
Savings and Development Vol. 33(2009), No. 3, pp. 293-317

There is extensive experience in microfinance provision in Africa, but relatively few empirical studies on the social and economic benefits to clients. This paper draws on original surveys of 281 rural households in Southern Nigeria, some of which [...]

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Asset building and poverty reduction in Ghana: the case of microfinance

Joseph Adjei, Thankom Arun and Farhad Hossain
Savings and Development Vol. 33(2009), No. 3, pp. 265-291

This paper examines the extent to which microfinance has contributed to poverty reduction in Ghana by supporting their clients with both financial and non-financial services to build up their asset base. The study found that participation in the [...]

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Successes in expanding microfinance opportunities in rural Ethiopia: can the entrepreneurship challenge be overcome?

Getaneh Gobezie
African Review of Money Finance and Banking 2008, pp. 117-131

Microfinance opportunities have been successfully expanding in Ethiopia during the past fifteen years, including in remote villages, where the majority of people are engaged in smallscale agriculture, which is little supported by modern technology. [...]

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The transaction costs of lenders and borrowers in a Brazilian microcredit organization

Cristina Fachini, Denise Benetti Ramirez and Roberto Arruda De Souza Lima
Savings and Development Vol. 32(2008), No. 4, pp. 381-407

One of the main obstacles for the expansion of microcredit availability is the high transaction costs of credit operations for both lenders and borrowers. In order to decrease transaction costs; institutions adopt the solidarity groups lending [...]

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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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The demand for microcredit as a determinant for microfinance outreach: evidence from China

Enjiang Cheng
Savings and Development Vol. 31(2007), No. 3, pp. 307-334

The studies on the outreach of microfinance programmes have so far focused on the supply side: the higher transactional costs incur when a microfinance institution (MFI) reaches out to the poor. Using a large household survey dataset from China, [...]

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