9. Microfinance and farmers: Do they fit?

Harper, Malcolm

doi:10.3362/9781780440446.009

Cited by 12 publications

(8 citation statements)

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“…Health is an important tenet in our lives, going one step ahead; a good health is a key towards poverty eradication [36]. As presented by the data of this study, most of the microfinance beneficiaries did not have access to modern medical facilities as their income was insufficient.…”

Section: Health Nutrition and Sanitationmentioning

confidence: 69%

Microfinance Helps to Rural Women for Poverty Reduction in the District of Bogra, Bangladesh

Ali¹,

Islam²,

Hatta³

2015

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The primary objective of this study was to examine the role of microfinance programs in poverty reduction among the poor women in Bogra District. The study was based on data collected from a total of 400 microfinance beneficiaries, which was recruited using a simple random sampling in the year 2011. The study findings suggested that there was no significant relationship of microfinance on specific variables such as household income, education opportunities, employment, health, nutrition, sanitations facilities and women`s empowerment in the district of Bogra. Only housing status of microfinance beneficiaries had improved during their membership periods. This study proposed a poverty reduction model that includes various aspects including political and social policy reformulations; natural disaster management; employment opportunities;financial assistances; zakat and social safety nets; proper healthcare for the poor; education and knowledge institutions; technical or skills development training; vocational education; development infrastructure and shelter; women`s empowerment and capacity building; as well as women`s human rights and social justice in order to be more effective in understanding and finding solutions to mitigate poverty in general.

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Section: Health Nutrition and Sanitationmentioning

confidence: 69%

Microfinance Helps to Rural Women for Poverty Reduction in the District of Bogra, Bangladesh

Ali¹,

Islam²,

Hatta³

2015

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“…16 Some authors exclude animal husbandry of any kind from the definition of farming. See for instance Harper (2007), pp. 83-84.…”

Section: Launch Of Agro Loan Productmentioning

confidence: 99%

“…23 Often it is argued that micro-credit is not suitable for agricultural activities because return on investment is lower for agricultural investments than it is for investments in urban trading business and, thus, microcredit is less beneficial for farmers than it is for urban microentrepreneurs. See for instance Harper (2007), p. 91. AccessBank does not have comprehensive data on return on investment for the investments it finances, since credit analysis looks at household repayment capacity and not the specific return of single investments.…”

Section: Box 2: Return Of Investmentmentioning

confidence: 99%

Busting Agro-Lending Myths and Back to Banking Basics: A Case Study of AccessBank’s Agricultural Lending

Jainzik

Pospielovsky

2013

Finance for Food

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One third of AccessBank's micro-business loans are extended to farmers. The portfolio of this segment has grown quickly and performed well. Why is Access-Bank Azerbaijan successful in agricultural lending, a sector often disliked by other commercial banks? And why is the bank viewing farmers as a strategic core clientele? This case study aims to give some answers and explore some of the myths around agricultural lending. 1 Greenfield Small Business Bank in a Transitional Economy AccessBank was founded in 2002 by international development finance institutions together with a technical partner. 3 It was created to provide a broad range of financial services for micro and small enterprises, and low and middle-income households, sectors that were largely ignored by Azerbaijan's banking sector at the start of the decade. In the intervening years, the bank has grown rapidly into the leading microfinance provider in Azerbaijan, both in terms of numbers of credit and deposit customers, and in terms of credit volume, as well as in terms of range and quality of banking services. At the same time, AccessBank has also developed into one of the leading banks in the country: As of

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“…Despite this reality, rural agricultural finance (also refered to rural finance) remains a significant challenge for rural development. Only a small proportion of credit goes to small scale farming activities because of high risk and unusually repayment schedules which do not fit the financial requirements (Harper, 2007), especially from formal financial service providers. This scenario, globally, necessitates researchers and policymakers to focus on addressing suitable financial access sources and techniques that would promote rural development (Roberts et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

Rural Financial Inclusion: Prospects and Challenges of Collective Action in Extending Financial Services among Rural Smallholders Farmers in Tanzania

Uronu¹,

Ndiege²

2018

IJAE

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The paper presents prospects and challenges of the collective action in facilitating access to financial services among smallholder farmers in rural areas. It is based on data collected through Focus Group Discussions (FDGs) from 11 cases of Savings and Credit cooperatives (SACCOs), Primary Agricultural Marketing Cooperatives (AMCOS) and Farmers Associations (FA) in Dodoma and Morogoro regions in Tanzania. By using the content analysis, the paper presents three major findings. First, the groups are much relevant in strengthening the ability of the smallholder farmers to access financial services. Second, The majority of smallholder farmers rarely payback their loans obtained through wholesale borrowing. Thus, wholesale group lending results into ineptness which leads to debt frightening. Failure to repay their loans increases financial burden as interest and fine enlarge the loan size. Consequently, frightening cooperation and sustainability of groups and deepening poverty among smallholder farmers. It was further observed that, the main reason for poor repayment of the loans is poor group lending implementation arrangements. Thus, the paper proposes the implementation arrangement of the wholesale lending method that would reduce financial risks and ensure sustainability of the groups.

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9. Microfinance and farmers: Do they fit?

Cited by 12 publications

References 0 publications

Microfinance Helps to Rural Women for Poverty Reduction in the District of Bogra, Bangladesh

Microfinance Helps to Rural Women for Poverty Reduction in the District of Bogra, Bangladesh

Busting Agro-Lending Myths and Back to Banking Basics: A Case Study of AccessBank’s Agricultural Lending

Rural Financial Inclusion: Prospects and Challenges of Collective Action in Extending Financial Services among Rural Smallholders Farmers in Tanzania

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