Microfinance and Diversification
Bibliographic Data
| ID | 9727254 |
|---|---|
| Authors | Oriana Bandiera (LSE), Robin Burgess (LSE), Erika Deserranno (Northwestern), Ricardo Morel (0000-0002-9297-021X, IPA), Izaz Rasul (0000-0001-7652-0705, University College Lahore, corresponding author), Imran Rasul (UCL), Munshi Sulaiman (0000-0001-6061-933X, BRAC/BIGD), Jack Thiemel (LSE) |
| Year | 2022 |
| Volume | 89 |
| Issue | S1 |
| Publication date | 2022-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ecca.12424 |
| OpenAlex | W4224144437 |
| Language | EN |
| Citations received | 4 |
| References cited | 54 |
The bulk of the world's extreme poor work in subsistence agriculture. Diversification out of this activity is often seen as the sine qua non of economic development. We evaluate whether the roll‐out of a mainstay development intervention—microfinance—into poor, agricultural and largely unbanked populations in rural Uganda helps borrowers to diversify into non‐agricultural labour activities. The new microfinance product is targeted to women, and differs from existing sources of formal and informal credit in that it allows them to borrow larger amounts but has inflexible repayment dates and the use of funds is monitored. We find that the arrival of microfinance enables women to diversify out of agriculture and into service‐based activities such as small‐scale trading. This low‐level structural change, however, is not transformative in that it does not lead—at least after two years—to significant uplifts in earnings, consumption, savings, investment and overall wealth
Agriculture · Business · Consumption (sociology) · Development economics · Diversification (marketing strategy) · Earnings · Economic growth · Economics · Financial inclusion · Financial services · Financial system · Geography · Leverage (statistics) · Microfinance · Poverty · Sine qua non · Subsistence agriculture · Unbanked · Finance · Innovation and Socioeconomic Development · Microfinance and Financial Inclusion · Poverty, Education, and Child Welfare
Repayment under flexible loan contracts
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Does women's economic empowerment promote human development in low- and middle-income countries? A meta-analysis
Is participation in the target poverty alleviation program associated with early childhood development? Evidence from Southwest China
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Returns to microcredit, cash grants and training for male and female microentrepreneurs in Uganda
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| Unique citing works | 4 |
|---|---|
| Citations per year | 2 |
| Citation span | 2024 - 2026 (3) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 3 |