Microfinance Research Paper

Microfinance Research Paper-13
It covered more than 3,000 households in 87 villages across Bangladesh, and lasted more than 20 years.Ultimately, the study showed that “group-based credit programs have significant positive effects in raising household welfare including per capita consumption, household non-land assets and net worth.” The study also showed significant positive effects from individual lending on household income and expenditure.

It covered more than 3,000 households in 87 villages across Bangladesh, and lasted more than 20 years.

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For example, a growing number of people who have transcended the national poverty line and stayed above it for some years implies real and lasting impact.

The recent World Bank study, by Shahidur Khandker and Hussain Samad, attempts to generate such broad evidence to assess impact.

Everyone by now knows that , but it bears repeating because the study implies causation.

“Microcredit programs have continued to benefit the poor by raising household welfare,” it says.

For example, how would a 0.04 percent increase in spending translate to changes in quality of life?

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Or, does a 0.08 percent rise in girls’ school enrollment motivate donors, socially responsible investors, NGOs, or public policy officials to further support the industry? Handling of correlation is another area where the study is lacking.So, as the microfinance industry continues to grow, responding to rising demand and huge unbanked markets, there will undoubtedly be many more reports showing positive impact.But the final word—evidence that any responsibly-provided microloan will impact any or at least most poor borrowers in a real and lasting way—continues to be elusive. Reading Through the Microfinance Syllabus Impact Study Needed: Do Microfinance Conferences Help the Poor?Indeed, loans targeted to specific borrowers—high-potential entrepreneurs—show some promise for increasing incomes.Furthermore, many borrowers use loans for consumption rather than investments, suggesting that there are other, non-entrepreneurial returns to these products.The Holy Grail of research for the global microfinance sector is incontrovertible proof that the provision of small loans generates real and lasting impact for borrowers.While Holy Grails are never found, new research from the World Bank offers more than two decades worth of evidence examining the impact of microfinance on households in Bangladesh.The question of whether it provides this incontestable proof of effectiveness warrants more than a answer. Proof of positive impact encompasses a host of definitions, from general ones such as rising levels of GDP per capita or other measures of progress out of poverty, to narrower ones such as growing investment in education or certain health outcomes.Regardless, to those who practice microfinance or study the sector, there is consensus that impact means real and lasting benefits to people, society, and economy.However, microcredit did not lead to widespread harmful effects, and it did help households better manage financial choices [5] [6] [7] [8] [9] [10] [11] [12] [19].Donors with the goal of supporting poverty reduction should not finance or subsidize traditional microcredit lending, but should instead support innovations in targeting, product design, and consumer protection.


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