Evolution of Developing Country Microfinance and Financial Inclusion

Ashta, Arvind

doi:10.1007/978-3-030-32142-0_4

Cited by 1 publication

(2 citation statements)

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“…The majority of microfinance institutions (MFIs) state their main objective for offering microfinance to poor people is to assist them to develop micro‐enterprises and other income‐generating projects, since they are unable to reach formal financial institutions (Rahman & Ley, 2020; Wajdi Dusuki, 2008). Microfinance providers offer a wide range of services to accommodate poor clients who wish to develop their small‐scale businesses (Ashta, 2020; Tanima et al, 2020). The MFIs also offer a range of nonfinancial facilities to suit poor needs and capacity with certain characteristics typical of microfinance.…”

Section: Introductionmentioning

confidence: 99%

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Elements of microfinance on spatial poverty alleviation in Sri Lanka: Structural equation modeling

Kumari

2022

Poverty & Public Policy

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Sri Lanka being a developing country, its poverty can be identified as a serious issue for the development of the country. Poverty can be identified as a spatial characteristic in Sri Lanka which can be seen in the high poverty rates in several areas as the result of disparities of natural and physical resources distribution and, geographical disadvantages. Microfinance has been identified as a significant tool for eradicating poverty in many Asian countries after the 1990s. Sri Lanka also launched several microfinance programs to reduce poverty in the country.Despite the availability of microfinance in Sri Lanka, very few studies have been carried out; therefore, only limited knowledge of the empirical and theoretical impacts of the various microfinance elements on poverty alleviation is available. This study is an attempt to remedy this paucity of knowledge. Primary data were gathered through a Likert scale questionnaire that was distributed among 497 borrowers of the Samurdhi microfinance program. This sample was chosen from five districts of Sri Lanka.Structural Equation Modeling was used for testing the hypotheses. The findings of the study revealed that microcredit was the most significant element of microfinance for alleviating spatial poverty in Sri Lanka. Nonfinancial Services and Insurance Services also had a positive impact on spatial poverty alleviation. Micro Savings and Social Intermediation Services did not have a notable positive impact on spatial poverty alleviation in

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Section: Introductionmentioning

confidence: 99%

“…Microfinance has been recognized as a significant way of alleviating poverty in Asian countries since 1990 (Otero, 1999; Ashta, 2020; Chatterjee, 2005; Donaghue, 2004). Sri Lanka too used the microfinance mechanism for alleviating poverty based on regional experiences.…”

Section: Introductionmentioning

confidence: 99%

Elements of microfinance on spatial poverty alleviation in Sri Lanka: Structural equation modeling

Kumari

2022

Poverty & Public Policy

View full text Add to dashboard Cite

show abstract

Evolution of Developing Country Microfinance and Financial Inclusion

Cited by 1 publication

References 66 publications

Elements of microfinance on spatial poverty alleviation in Sri Lanka: Structural equation modeling

Elements of microfinance on spatial poverty alleviation in Sri Lanka: Structural equation modeling

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