Microcredit
In: Toward freedom: a progressive perspective on world events ; TF, Band 50, Heft 8, S. 25-28
ISSN: 1063-4134
In: Toward freedom: a progressive perspective on world events ; TF, Band 50, Heft 8, S. 25-28
ISSN: 1063-4134
In: Policy studies journal: an international journal of public policy, Band 29, Heft 2, S. 296-307
ISSN: 0190-292X
SSRN
Working paper
SSRN
Working paper
SSRN
Working paper
In: Revista CIDOB d'afers internacionals, Heft 45-46, S. 169-178
ISSN: 1133-6595
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Microcredit and poverty alleviation : pluses and minuses -- The Bangladesh economy and poverty in Bangladesh -- The rural financial structure and the Grameen Bank -- -- Economic impact of Grameen microcredit -- Poverty alleviation impact of Grameen microcredit
In this paper we develop a banking model to study the traditional credit and the microcredit markets. We suppose a monopolistic traditional bank that specializes in screening potential debtors based in their risk profile and a microcredit bank that focus on monitoring the riskier profile customers. The model is calibrated with Colombian financial data. The results show when banking provisioning depend only on the screening level, a significant portion of the risky debtors are left out of the financial system and the microcredit bank would not operate in certain market conditions. Nonetheless, when we consider provisions that include monitoring considerations, the microcredit bank would be profitable for the different debtor risk profiles, and its optimal monitoring level is higher in comparison with the ones chosen by the traditional bank. Keywords: Bank Provisioning, Microcredit banking model, Regulation and risk profiles, debtor screening, debtor monitoring.
BASE
In: Regulation & governance, Band 5, Heft 4, S. 465-479
ISSN: 1748-5991
AbstractThis article explains how microcredit as a policy idea has been institutionalized at the transnational level, and what role strategic actors play in the institutional change and governance of microcredit. Special attention is given to three dominant actors, the Grameen Bank, the World Bank, and SKS Microfinance. To explain the emergence of microcredit as a transnational policy idea this article explores the relations between theories of institutional change and Rosenau's concept of spheres of authority.
In: Scientific research in the XXI Century: Proceedings of the I International Scientific Conference on Eurasian scientific cooperation, S. 127-129
The authors analyze international experience of microcredit development and made appropriate conclusions about the advantages and disadvantages of microcredit organization. Microcredit organizations are self-sufficient and stable institutions which are regulated by bank and state legislation.
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.
In: Eradicating poverty studies series 12