Overindebtedness In Microfinance
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Overindebtedness In Microfinance
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Author : Cosmin Olteanu
language : en
Publisher: GRIN Verlag
Release Date : 2011-09-14
Overindebtedness In Microfinance written by Cosmin Olteanu and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-09-14 with Political Science categories.
Master's Thesis from the year 2011 in the subject Politics - International Politics - Region: Middle- and South America, grade: 5.75/6.00, University of Geneva (GRADUATE INSTITUTE OF INTERNATIONAL AND DEVELOPMENT STUDIES ), course: Overindebtedness in microfinance, language: English, abstract: Originally celebrated as a poverty alleviation tool which is financially sustainable, microfinance is experiencing worrying developments, such as deterioration of loan portfolios, growing commercialization and increasing public criticism due to exaggerated profits. Overindebtedness is one of the most worrying trends, as it has negative effects on the loan beneficiaries and in the same time it threatens the very existence of the sector. This field research analyses from an empirical perspective the causes and effects of overindebtedness in the specific case of the clientele of Financiera CREAR Arequipa S.A. in Lima Norte, Peru. It was found that overindebtedness is generated by a mix of causes related to the increased competition between microfinance institutions and to the specific behaviours of clients confronted with an abundant credit offer. This produces a series of effects at institutional and client levels, which can be described as institutional cannibalization, client forced‐feeding, desperate borrowing and loan bicycling.
The Crises Of Microcredit
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Author : Isabelle Guérin
language : en
Publisher: Zed Books Ltd.
Release Date : 2015-10-15
The Crises Of Microcredit written by Isabelle Guérin and has been published by Zed Books Ltd. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-15 with Business & Economics categories.
Microcredit programmes, long considered efficient development tools, now face unprecedented crises in a number of countries. Is this the end of microcredit or rather an essential step in its expansion? Should we stop microcredit altogether or rethink the way it is implemented? Drawing on extensive empirical research conducted in various parts of the world - from Morocco to Senegal to India - this important volume examines the whole chain of microcredit to provide the answers to these questions. In doing so, the authors highlight the diversity of crises, both in intensity and in nature, while also shedding light on a diversity of causes, be it microcredit organizations unprepared for massive growth, saturated local economies or greedy investors and shareholders attracted by profits. Crucially, the authors demonstrate that microcredit is not a monolithic project, and the crises should also be analysed in the light of national histories and policies. An original and necessary intervention in what has become one of the most contentious topics within the development world.
Microfinance Debt And Over Indebtedness
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Author : Isabelle Guérin
language : en
Publisher: Routledge
Release Date : 2013-10-15
Microfinance Debt And Over Indebtedness written by Isabelle Guérin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-15 with Business & Economics categories.
Although microcredit programmes have long been considered efficient development tools, many forms of debt-induced distress have emerged in their wake. This has brought to light the problem of over-indebtedness, a topic which has been previously underexplored in the literature. This new book, from a group of leading scholars, explores the manifestations, scale, and economic and social implications of household over-indebtedness in areas conventionally considered as financially excluded. The book approaches debt not only as a financial transaction, but also as a form of social bond, and offers a socioeconomic analysis of over-indebtedness. The volume puts forward a broad definition of over-indebtedness, highlighting its situational and semantic complexity and diversity. It provides a close analysis of local conceptions of debt and over-indebtedness, highlighting frameworks of calculation and the constant renegotiation of their boundaries. On top of this, it looks far beyond microcredit to examine all the financial practices that individuals juggle. The volume argues that over-indebtedness has more to do with social inequalities than financial illiteracy, and should therefore be understood in the light of global trends of financialization. It also reveals the ambiguity of "financial inclusion" policies, and in many respects questions the actions of new credit providers. This book will be valuable reading for students, researchers and policy makers interested in microfinance and development issues.
The Oxford Handbook Of The Social Science Of Poverty
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Author : David Brady
language : en
Publisher: Oxford University Press
Release Date : 2016
The Oxford Handbook Of The Social Science Of Poverty written by David Brady and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Political Science categories.
The Oxford Handbook of the Social Science of Poverty builds a common scholarly ground in the study of poverty by bringing together an international, inter-disciplinary group of scholars to provide their perspectives on the issue. Contributors engage in discussions about the leading theories and conceptual debates regarding poverty, the most salient topics in poverty research, and the far-reaching consequences of poverty on the individual and societal level.
Financialisation And Poverty Alleviation In Ghana
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Author : Francis Boateng Frimpong
language : en
Publisher: BRILL
Release Date : 2021-11-22
Financialisation And Poverty Alleviation In Ghana written by Francis Boateng Frimpong and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-22 with Social Science categories.
The neoliberal policy response to the crisis in Ghana did not succeed in reversing the economic decline in both the medium and long term. In fact, quite the opposite, rather than undoing the economic decline, Frimpong argues that the policy prescriptions further weakened the country’s ability to develop. This is because the policies intentionally and unintentionally encouraged factors that destabilised the possibility of the real productive assets to earn commensurate returns to facilitate the flow of capital to the real sectors to ensure the survival of industrial enterprises. Rising profit in the financial sector incentivised financial capitalist to divert capital into financial assets at the expense of productive investment, further decelerating the pace of real capital accumulation in the country.
Determinants Of Over Indebtedness In Microfinance
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Author : Sunil Puliyakot
language : en
Publisher:
Release Date : 2017
Determinants Of Over Indebtedness In Microfinance written by Sunil Puliyakot and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
In this paper we have analyzed borrower over-indebtedness in microfinance, using multiple financial ratio based measures representing different facets of borrower-over-indebtedness namely, liquidity, debt absorption capacity and solvency of the borrowing household. Our data shows that the incidence of borrower over-indebtedness in microfinance is fairly wide spread. We perform the analysis by categorizing the determinants of over-indebtedness broadly into external, lender related, borrower related and demographic factors using logistic regression framework. We find that external, lender related and demographic factors exert relatively stronger influence in comparison to borrower related factors, highlighting the role of environmental and institutional forces in causing over-indebtedness. Our findings point to the strong need for access regulation and the need for prioritizing income generation over credit distribution on the policy front. Operationally, our findings show that inclusion of demographic features of the borrower households in the credit appraisal process can lead to better assessment of repayment capacity, rather than wholly relying on the strengths of group lending mechanism.
The International Bank Of Bob
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Author : Bob Harris
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 2013-03-05
The International Bank Of Bob written by Bob Harris and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-05 with Biography & Autobiography categories.
Hired by ForbesTraveler.com to review some of the most luxurious accommodations on Earth, and then inspired by a chance encounter in Dubai with the impoverished workers whose backbreaking jobs create such opulence, Bob Harris had an epiphany: He would turn his own good fortune into an effort to make lives like theirs better. Bob found his way to Kiva.org, the leading portal through which individuals make microloans all over the world: for as little as $25-50, businesses are financed and people are uplifted. Astonishingly, the repayment rate was nearly 99%, so he re-loaned the money to others over and over again. ?After making hundreds of microloans online, Bob wanted to see the results first-hand, and in The International Bank of Bob he travels from Peru and Bosnia to Rwanda and Cambodia, introducing us to some of the most inspiring and enterprising people we've ever met, while illuminating day-to-day life-political and emotional-in much of the world that Americans never see. Told with humor and compassion, The International Bank of Bob brings the world to our doorstep, and makes clear that each of us can, actually, make it better.
The Apledge
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Author : Stuart Rutherford
language : en
Publisher: Oxford University Press
Release Date : 2009-02-02
The Apledge written by Stuart Rutherford and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-02-02 with Business & Economics categories.
The Association for Social Advancement (ASA) of Bangladesh recently topped Forbes magazine's first-ever list of the world's best microfinance banks. This is an extraordinary achievement for an organization that started life as a revolutionary movement aiming to bring a peasant-led government to the newly created and desperately poor South Asian nation of Bangladesh. This book tells the story of how ASA's determined but practical-minded founder and leader, Shafiqual Haque Choudhury, steered his organization through the maze of competing ideas about how best to develop poor countries.
The Commercialization Of Microfinance
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Author : Deborah Drake
language : en
Publisher:
Release Date : 2002
The Commercialization Of Microfinance written by Deborah Drake and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
* Addresses key issues related to bringing microfinance into the commercial realm * Written by prominent practitioners and scholars from a variety of organizations While many microfinance organizations started as NGOs, there is now a growing movement for them to transform into regulated, for-profit entities. Concurrently, commercial banks, credit unions, and specialized investors are also entering the market. The Commercialization of Microfinance synthesizes case studies from Latin America and beyond, delving into the trends and challenges of converting microfinance institutions into commercial entities. Prepared by ACCION, this book will be essential reading for anyone interested in understanding how the world of microfinance is changing, and how that world affects the broader processes of development.
Microfinance Incentives To Repay And Overindebtedness
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Author : Adrian Gonzalez
language : en
Publisher:
Release Date : 2008
Microfinance Incentives To Repay And Overindebtedness written by Adrian Gonzalez and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Financial institutions categories.
Abstract: The superior repayment performance of the clients of microfinance institutions - when contrasted with banks - and the robustness of this repayment behavior during periods of severe systemic shocks have attracted much speculation. This dissertation formally addresses these issues, by exploring the relationships between overindebtedness and alternative lending technologies and contract designs. Data for 1997-2001, from a household survey taken during the overindebtedness episode of the Bolivian financial sector, are used to test the hypotheses. Overindebtedness is an outcome of a loan contract that does not correspond to the original expectations of the borrower, the lender, or both. Repayment difficulties may result from unwillingness to repay, inability to repay, or actual repayment only after extraordinary capacity is generated through costly actions. Costly actions reflect efforts or outcomes beyond what the borrower had planned at the time of contract. Any credit relationship characterized by willingness and ability to repay without exceptional cost implies the absence of overindebtedness. Overindebtedness may result from the opportunistic behavior of lenders, the opportunistic behavior of borrowers, unexpected adverse systemic shocks, or limitations of the lending technologies in forecasting ordinary repayment capacity. The dissertation builds a conceptual framework for the analysis of overindebtedness among microfinance borrowers. The model considers the intertemporal choices of different types of borrowers - when faced with unexpected adverse shocks and the need to reassess their repayment options - guided by the value of relationships characterized by different contract terms and the opportunity costs of the extra efforts required. The dissertation establishes a previously unidentified link between a high degree of extraordinary repayment capacity (both extraordinary willingness and extraordinary ability to repay) and the high repayment rates observed among MFIs. These rates are explained both by the ability to elicit strong incentives to repay and the opportunities these households have to generate extraordinary ability to repay. Thus, given similar ability across lenders to induce ordinary repayment capacity, the strength of microfinance lending technologies comes from their ability to create incentives for the borrower to engage in extraordinary costly actions and their capacity to identify households with a high probability of success at generating extraordinary ability to repay.