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Microfinance and Poverty: Evidence Using Panel Data from Bangladesh
Ist Teil von
The World Bank economic review, 2005-01, Vol.19 (2), p.263-286
Ort / Verlag
Oxford: Oxford University Press
Erscheinungsjahr
2005
Link zum Volltext
Quelle
PAIS Index
Beschreibungen/Notizen
Microfinance supports mainly informal activities that often have a low return and low market demand. It may therefore be hypothesized that the aggregate poverty impact of microfinance is modest or even nonexistent. If true, the poverty impact of microfinance observed at the participant level represents either income redistribution or short-run income generation from the microfinance intervention. This article examines the effects of microfinance on poverty reduction at both the participant and the aggregate levels using panel data from Bangladesh. The results suggest that access to microfinance contributes to poverty reduction, especially for female participants, and to overall poverty reduction at the village level. Microfinance thus helps not only poor participants but also the local economy.