The Microfinance Revolution: An Overview

Sengupta, Rajdeep; Aubuchon, Craig P.

doi:10.20955/r.90.9-30

Cited by 92 publications

(97 citation statements)

References 25 publications

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“…"Real estate value" is the dollar value, estimated by the credit officer at the loan grant date, of land and house owned by the household. Although real estates do not formally guarantee the loan, contrary to a common wisdom that microcredit is typically addressed to people who do not own any valuable assets (Pankaj, 1996;Sengupta & Aubuchon, 2008), we found an average asset value of 8,000 USD (e.g., more than ten times the national GDP per capita).…”

Section: Data Collectioncontrasting

confidence: 89%

Is Microcredit Targeted to Poor People? Evidences From a Cambodian Microfinance Institution

Lanzavecchia¹

2012

CBR

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This study extends research on the social performance of microfinance institutions. The research methodology is based on Grameen Progress out of Poverty Index™ (PPI™) for Cambodia applied to a sample of borrowers randomly extracted from a Cambodian microfinance institution's loan portfolio. Dataset has been directly collected through in-house interviews. Main questions discussed here are: (1) Is microcredit targeted to poor people? (2) Has the poverty rate of the sample changed in last six months? and (3) What percentage of male vs. female clients is poor? We found an average poverty likelihood of about 8.1%, estimated at the day of the interview, steady over a period of six months and not statistically different between male and female borrowers. This evidence might be related to business geographical location or targeting. Actually, PPI too much relies on asset ownership rather than on cash flows and saving capacity. Despite the general wisdom microcredit is targeted to the "poorest among the poor people", this is utterly consistent with a sound and safe (micro)banking activity, aimed at sustainable results.Here comes a call for a triple bottom line performance evaluation on microfinance institutions: economic, social and environmental effects of their activities.

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Section: Data Collectioncontrasting

confidence: 89%

Is Microcredit Targeted to Poor People? Evidences From a Cambodian Microfinance Institution

Lanzavecchia¹

2012

CBR

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“…They concluded that microfinance could only become an effective device to fight against poverty if it could reach the poorest user of microfinance. Opponents of microfinance argued that Microfinance institutes had to distinguish between "marginally poor" and "very poor" (Sengupta and Aubuchon, 2008). Because of gender disparities in distribution of earnings, access to credit, lack of control over property and earnings, gender preferences in labor markets, women encountered many more dimensions of poverty in their real life (Cagatay, 1998).…”

Section: Asian Economic and Financial Reviewmentioning

confidence: 99%

Gender Disparity in Functionality and Consequence of Microfinance: Does it Function Currently?

Ghosh

2017

Asian Economic and Financial Review

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“…This article exercise other financing scenario in which all stakeholders are entitled for profit sharing instead of purely fully paid parties. In terms of financing to smallholder farmers, Gupta & Aubuchon (2008) claimed that microfinance proved to improve the lives of the poor farmers. In line with Gupta & Aubuchon (2008), Latief et al (2011) stated that microcredit in Pakistan had positive impact in alleviating poverty in which farmers were able to borrow money at lower bank rates and start a small business.…”

Section: Research Frameworkmentioning

confidence: 99%

“…In terms of financing to smallholder farmers, Gupta & Aubuchon (2008) claimed that microfinance proved to improve the lives of the poor farmers. In line with Gupta & Aubuchon (2008), Latief et al (2011) stated that microcredit in Pakistan had positive impact in alleviating poverty in which farmers were able to borrow money at lower bank rates and start a small business. In contrast, Adams & Bartholomew (2010) stated that in Ghana, the impact of microfinance for farmers were socially and financially marginal.…”

Section: Research Frameworkmentioning

confidence: 99%

The Role of Sukuk Financing for Sustainable Development of Smallholder Farmers

Soeleman¹,

Lestari²

2015

AABFJ

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The greatest advance made by mankind was probably the agricultural revolution that has been developed into agricultural development along with population growth in the forms of agricultural expansion and agricultural intensification. The global land grab driven by the acquisition of land has caused radical changes in the use and ownership of land and has important implications for equitable and sustainable development in which local people have been moved to marginal locations. To ensure that the agricultural activities are sustained, a balance of three concepts of people, planet, and profit (3P) are critical to achieve long term social, environmental, and economic issues. One of recently popular instruments to fairly treat the people is an equity based Sukuk in which profit will be shared based on pre-agreed ratio between the investors and the people involved. In term of conservation of planet, strategy in selecting the agricultural commodities and the timing of harvesting are critical. An investment decision-making process by using agricultural appraisal process is established to ensure that the agricultural activities are financially profitable. Abstract:The greatest advance made by mankind was probably the agricultural revolution that has been developed into agricultural development along with population growth in the forms of agricultural expansion and agricultural intensification. The global land grab driven by the acquisition of land has caused radical changes in the use and ownership of land and has important implications for equitable and sustainable development in which local people have been moved to marginal locations. To ensure that the agricultural activities are sustained, a balance of three concepts of people, planet, and profit (3P) are critical to achieve long term social, environmental, and economic issues. One of recently popular instruments to fairly treat the people is an equity based Sukuk in which profit will be shared based on pre-agreed ratio between the investors and the people involved. In term of conservation of planet, strategy in selecting the agricultural commodities and the timing of harvesting are critical. An investment decision-making process by using agricultural appraisal process is established to ensure that the agricultural activities are financially profitable.

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The Microfinance Revolution: An Overview

Cited by 92 publications

References 25 publications

Is Microcredit Targeted to Poor People? Evidences From a Cambodian Microfinance Institution

Is Microcredit Targeted to Poor People? Evidences From a Cambodian Microfinance Institution

Gender Disparity in Functionality and Consequence of Microfinance: Does it Function Currently?

The Role of Sukuk Financing for Sustainable Development of Smallholder Farmers

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