Microfinance Revolution: Controversies and Challenges
In: Politická ekonomie: teorie, modelování, aplikace, Band 63, Heft 1, S. 108-130
ISSN: 2336-8225
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In: Politická ekonomie: teorie, modelování, aplikace, Band 63, Heft 1, S. 108-130
ISSN: 2336-8225
N/A
In: Politická ekonomie: teorie, modelování, aplikace, Band 63, Heft 1
ISSN: 0032-3233
This article provides a brief but comprehensive overview of microfinance academic literature with emphasis on recent innovations, trends and efficiency. In particular, we focus on controversial issues of microfinance, such as commercialization, regulation, interest rate policy and the balance between outreach and performance of MFIs. In summary, the findings of the reviewed literature underline the great improvement in the microfinance field that, however, has not reached its full potential yet. At the same time, we outline potential risks and drawbacks which are being discovered along the way of microfinance development and maturing, many of which still waiting for more rigorous scholarly examination. Adapted from the source document.
In: Politická ekonomie: teorie, modelování, aplikace, Band 63, Heft 3, S. 363-381
ISSN: 2336-8225
N/A
In: Politická ekonomie: teorie, modelování, aplikace, Band 63, Heft 3, S. 363-381
ISSN: 0032-3233
This paper investigates the possible reasons why many microfinance institutions (MFIs) have gradually experienced a decrease in the share of female borrowers in their portfolios over the last few years. We confirm that the share of women may be decreasing due to the growing proportion of low-income inhabitants in the area and unpaid family workers. Our results further show that the share of women is also strongly dependent on employment policy that has a positive impact on the dependent variable. Unexpectedly, none of macroeconomic variables such as economic growth, wage and household consumption has an impact on the number of female borrowers. Adapted from the source document.