Student or educator? Sign up with your school email and get 6 months of Pro free.
CoChat
Sign Up
PreprintCited by 20

The DOI matches its Crossref record.

Microfinance: Does it Hold its Promises? A Survey of Recent Literature

Khawari, Aliya·2004
DOI 10.2139/ssrn.556213
Open this paper in CoChat — free account

Abstract

Poverty alleviation has been the main target of developmental projects world-wide. However, only a few ideas have stirred so much attention in the last two decades as that of the provision of microfinance through specialised institutions. This paper provides a survey of the vast literature that has developed in this field. Though most of the evidence and literature on the subject appears self-praising, nonetheless there is much more to the concept than one can imagine. The establishment of microfinance institutions (MFIs) world-wide for the provision of collateral free loans to the poor through mechanisms and instruments not known to normal commercial banks has set new milestones in the field of financial services. With 900 million households in the less developed countries left without any access to formal financial services, this might just be the key to address market failures in the financial landscape.

Overview

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Integrity signals

Registry

Crossref · 10.2139/ssrn.556213

Cites

Statistics

Verification

Claims the paper makes

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Claims other papers make about this one

Each is checked against this paper’s own text: does it say what the citing paper says it does?

Self-check

Percentages, sums and reported differences re-computed from the paper’s own numbers.

The self-check needs the paper’s full text.

Citations

Cites

No references could be resolved yet.

Research works printed but not linked: 79

  1. M J E Winarno, 2004, The Experience of Bank Rakyat Indonesia in Microfinance, Alternative Finance
  2. Americans For, 2003, Other Nations, 10.18356/c50ddeb7-es · DOI
  3. B A Aghion, 1999, On the design of a credit agreement with peer monitoring, Journal of Development Economics, 60, 79, 10.1016/S0304-3878(99)00037-1 · DOI
  4. B A Aghion, 2000, Peer Group Formation in an Adverse Selection Model, Economic Journal, 110, 632, 10.1111/1468-0297.00557 · DOI
  5. B A Aghion, 2000, Microfinance beyond group lending, 8, 401
  6. 2000, Finance for the poor: Microfinance development strategy BKD units, 10.22617/2071-7202 · DOI
  7. Bancosol Homepage, 2004, 10.13188/2332-4139.s100001 · DOI · Paper page
  8. T Besley, 1995, Group lending, repayment incentives and social collateral, 46, 1, 10.1016/0304-3878(94)00045-e · DOI · Paper page
  9. L Blank, 1998, Client Monitoring Systems for Microfinance Institutions
  10. 1996, Financial sustainability, targeting the poorest and income impact: Are there trade offs for microfinance institutions ?, CGAP: Consultative Group to Assist the Poorest
  11. 2002, Notes on Microfinance, 10.1111/1477-7053.00094 · DOI
  12. R Chambers, 1995, Poverty and livelihoods: Whose reality counts?, 347, 173, 10.1177/095624789500700106 · DOI · Paper page
  13. S Cheston, 2002, Empowering women through microfinance
  14. I A Chaudhury, 2002, Dimensions and dynamics of microfinance membership overlap -a micro study from Bangladesh, Small Enterprise Development, 13, 46, 10.3362/0957-1329.2002.021 · DOI
  15. A M R Chowdhury, 1997, BRAC'S poverty alleviation programme: What it is and what it achieved, Who needs credit? Poverty and finance in, 171
  16. R P Christen, 1995, Maximising the Outreach of Microenterprise Finance: An Analysis of Successful Microfinance Programs
  17. R P Christen, 2003, Microfinance consensus guidelines: Guiding principles on regulation and supervision of microfinance (Consultative Group to Assist the Poor (CGAP)
  18. A Feroze, 2002, ?DocumentID=3109&TagID=24 (11.10.2003) Foundation for International Community Assistance (FINCA) homepage, 10.1037/e307212004-021 · DOI
  19. M Ghatak, 1999, Group lending, local information and peer selection, Journal of Development Economics, 60, 27, 10.1016/s0304-3878(99)00035-8 · DOI · Paper page
  20. M Ghatak, 1999, The economics of lending with joint liability : Theory and practice, 60, 195, 10.1016/s0304-3878(99)00041-3 · DOI · Paper page
  21. P Ghosh, 1996, Co-operation in community interaction without information flows, The Review of Economic Studies. -Oxford : Blackwell, 63, 491, 10.2307/2297892 · DOI · Paper page
  22. 2004, Global Development Research Centre (GDRC): ROSCAs: Whats in a Name, 10.1080/00220388.2017.1333107 · DOI
  23. Grameen Bank Homepage, 2004, 10.1007/springerreference_75847 · DOI
  24. 1998, Grameen Bank: Microfinance-Credit lending models, 10.1007/springerreference_75847 · DOI
  25. 1994, The measurement of poverty and the poverty of measurement, IDS Bulletin, 25, 50, 10.1111/j.1759-5436.1994.mp25002005.x · DOI
  26. S M Hashemi, 1997, Grameen Bank: A case study, Who needs credit? Poverty and finance in, 217
  27. J Hatch, 1998, A typology of poverty for microfinance
  28. D Holloh, 1998, Microfinance in Indonesia: between state, market and self-organisation
  29. D Hulme, 1996, Finance against poverty
  30. D Hulme, 1997, Finance for the poor or poorest? Financial innovation, poverty and vulnerability, Who needs credit? Poverty and finance in, 97
  31. D Hulme, 2001, Chronic Poverty Research Centre Working Paper 2 IDPM
  32. 1994, Final report of study 1: Alternative credit delivery systems, 10.22617/arm167936-2 · DOI
  33. S Jain, 2003, A little at a time: The use of regularly scheduled repayments in microfinance programs, Journal of Development Economics, 72, 253, 10.1016/s0304-3878(03)00076-2 · DOI
  34. Koo Che, 2002, Joint liability and peer monitoring under group lending, 10.2202/1534-5971.1016 · DOI
  35. E Littlefield, 2003, Is microfinance an effective strategy to reach the millennium development goals, CGAP
  36. I Matin, 2003, Programs for the poorest: Learning from the IGVGD program in Bangladesh, World Development, 31, 647, 10.1016/s0305-750x(02)00223-1 · DOI
  37. I Matin, 1999, Financial services for the poor and the poorest: Deepening understanding to improve provision
  38. K Maurer, 1999, Bank Rakyat Indonesia
  39. Indonesia, 1999, Consultative Group to Assist the Poorest (CGAP), working group on savings mobilisation, 10.1596/978-1-4648-0484-7_consultative_group_to · DOI
  40. L Mayoux, 2002, Women's empowerment or feminisation of debt?, One World Conference
  41. L Mayoux, 1995, From vicious to virtual circle?: Gender and micro-enterprise development, United Nations Research Institute for Social Development
  42. P Mcguire, 1998, The Asian financial crisis -some implications for microfinance, Microbanking Bulletin, 9
  43. K Michealowa, 2003, Microfinance als ein Geflecht von Anreizproblemen: Korreferat zum Beitrg von Schmidt und Tschach, 75, 10.3790/978-3-428-51222-5 · DOI
  44. Microbanking Bulletin, 1998, Microfinance Network Financial Statistics, 10.1007/978-3-642-28036-8_101052 · DOI
  45. J Morduch, 1998, Does microfinance really help the poor? New evidence from flagship programs in Bangladesh, Harvard Institute of International Development and Hoover Institution
  46. J Morduch, 1999, The microfinance promise, Journal of Economic Literature, 37, 1569, 10.1257/jel.37.4.1569 · DOI · Paper page
  47. J Morduch, 2000, The microfinance schism, World Development, 28, 617, 10.1016/s0305-750x(99)00151-5 · DOI · Paper page
  48. M Mule, 2001, The Managed ASCA Model: Innovation in Kenya's Microfinance Industry, Kenyan -Republic Advisory Services Ltd
  49. S Navajas, 2003, Lending technologies, competition and consolidation in the market for microfinance in Bolivia, Journal of International Development, 15, 747, 10.1002/jid.1024 · DOI
  50. S Navajas, 2002, Microcredit and the poorest of the poor: Theory and evidence from Bolivia, 152, 10.1016/s0305-750x(99)00121-7 · DOI · Paper page
  51. M Pitt, 1998, The impact of group-based credit programs on poor households in Bangladesh : does the gender of participants matter?, The journal of political economy, 106, 10.1086/250037 · DOI · Paper page
  52. A Rahman, 1999, Micro-credit initiatives for equitable and sustainable development: Who pays?, World Development, 27, 67, 10.1016/s0305-750x(98)00105-3 · DOI · Paper page
  53. R M Ravicz, 1998, Searching for Sustainable Microfinance: A Review of Five Indonesian Initiatives, Policy Research Papers, 10.1596/1813-9450-1878 · DOI
  54. E Rhyne, 1998, The yin and yang of microfinance: Reaching the poor and sustainability, The Microbanking Bulletin, 6
  55. M S Robinson, 2001, The microfinance revolution: Sustainable finance for the poor. International Bank for Reconstruction and Development/ World Bank, 10.1596/0-8213-4524-9 · DOI · Paper page
  56. M S Robinson, 1992, Rural financial intermediation: Lessons from Indonesia, part one
  57. S Rutherford, 1997, Informal financial services in Dhaka's slums, Who needs credit? Poverty and finance in, 351
  58. R H Schmidt, 1997, Critical issues in microbusiness finance and the role of donors
  59. R H Schmidt, 2001, Building new development finance institutions instead of remodelling existing ones, Small Enterprise Development, 12, 32, 10.3362/0957-1329.2001.019 · DOI
  60. M Schreiner, 2002, Aspects of outreach: A framework for discussion of the social benefits of microfinance, Journal of International Development, 14, 591, 10.1002/jid.908 · DOI · Paper page
  61. H D Seibel, 1987, Dual financial markets in Africa
  62. A Sen, 1995, Morality as an indicator of economic success and failure
  63. I Sharif, 1997, Poverty and finance in Bangladesh: A new policy agenda, 61
  64. A Sharma, 2001, Developing sustainable microfinance systems
  65. M Sharma, 2002, Impact of microfinance on food security and poverty alleviation : A review and synthesis of empirical evidence, 221
  66. M S Sriram, 2002, The transformation of microfinance in India: Experiences, options and future. Working paper series of Indian Institute of Management Ahmedabad (IIMA)
  67. J Stiglitz, 1990, Peermonitoring and credit markets, World Bank Economic Review, 4, 351, 10.1093/wber/4.3.351 · DOI · Paper page
  68. N Sumar, 2002, Poverty alleviation through credit: Catapulting microfinance to Wallstreet
  69. A Tankha, 2002, Self-help Groups as Financial Intermediaries in India: Cost of promotion
  70. The Microfinance Gateway Homepage, 2003, 10.1016/b978-0-08-044163-4.50037-1 · DOI
  71. 1999, The World Bank: World development indicators, The Virtual Library of Microcredit: On FINCA, 2
  72. 2002, Supporting Women's LivelihoodsMicrofinance that Works for the Majority
  73. H Varian, 1990, Monitoring agents with other agents, Journal of Institutional and Theoretical Economics, 146, 153
  74. J D Von Pischke, 1996, Measuring the trade-off Between Outreach and Sustainability of Microenterprise Lenders, Journal of International Development, 8, 225, 10.1002/(sici)1099-1328(199603)8:2<225::aid-jid370>3.0.co;2-6 · DOI
  75. J D Von Pischke, 1995, Managing the trade-off between outreach and sustainability by measuring the financial performance of microenterprise lenders, paper prepared for Conference on Finance Against Poverty: Challenges and Advances in Banking with the Poor
  76. World Bank, 1995, Credit programs for the poor : Household and intrahousehold impacts and program sustainability
  77. G D Wood, 1997, Who needs credit? Poverty and finance in Bangladesh
  78. M Yunus, 2004, Grameen Bank, 10.1093/ww/9780199540884.013.u250035 · DOI
  79. M Zeller, 2002, Improving the performance of microfinance: Financial sustainability, outreach and impact, The triangle of microfinance, 1

Cited by

Metadata

Authors
Khawari, A.
Publisher
Elsevier BV
Published
2004
DOI
10.2139/ssrn.556213
Cited by
20
References
0
Type
Preprint

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.