O'Connor / Silva Afonso Emerging Challenges and Innovations in Microfinance and Financial Inclusion

1. Auflage 2019
ISBN: 978-3-030-05261-4
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 190 Seiten

Reihe: Progress in Mathematics

The book is a contemporary compilation of important research in the area of microfinance and financial inclusion. It explores a plurality of views and experiences from different parts of the world while linking a variety of international research backgrounds. Accordingly the book will ?ll a gap in providing a carefully curated cross-sectorial selection of topics relevant to the development ?nance research community primarily but also industry practitioners who are interested in keeping abreast of developing research. Bene?ts in this regard also include being able to provide a platform to less established researchers o?ering them a voice in published form.

Michael O'Connor is a senior lecturer in the accounting and financial management subject group at Portsmouth Business School. As a law graduate and finance professional he has worked with Andersen and KPMG in Ireland as well as the European Commission in Brussels. He has significant overseas experience in Russia and China, particularly in financial training. In this regard he has also worked as a contractor for international consultancy firms on behalf of public and private sector clients in Western Europe, West Africa, Central Asia. He is a graduate of the European Microfinance Programme at Université Libre de Bruxelles (Belgium) and was a co-organiser of the 5th European Research Conference on Microfinance.Joana Silva Afonso is a Senior Research Associate at the University of Portsmouth (Economics and Finance Department). She has experience both as practitioner and researcher in the microfinance sector. She first became involved with microfinance in Portugal where she was a microcredit officer at ANDC (NGO) between 2005 and 2012. In 2013, she completed the European Microfinance Programme at the Université Libre de Bruxelles (Belgium), which included field work in the Dominican Republic. Between 2015 and 2018, as part of her PhD at the University of Portsmouth, she conducted research on the challenges associated with impact evaluation in microfinance with field work in Pakistan and Zimbabwe. She was a co-organiser of the 5th European Research Conference on Microfinance which took place in June 2017.

Autoren/Hrsg.

O'Connor, Michael

Silva Afonso, Joana

Inhaltsverzeichnis

1;Foreword;5
2;Acknowledgements;7
3;Contents;9
4;Notes on Contributors;11
5;List of Figures;17
6;List of Tables;18
7;1: The Microfinance Alphabet;19
8;2: Addressing Climate Change with Microfinance Plus: Experiences in Cattle and Coffee Regions of Nicaragua;30
8.1;2.1 Challenges of Climate Change Policies in Rural Territories;31
8.1.1;2.1.1 The Role of Rural Microfinance in a Climate Change Context;34
8.2;2.2 Climate Change in Coffee and Cattle in Nicaragua: Evolving Knowledge Frames and Emerging Actions;35
8.2.1;2.2.1 Climate Change Adaptation in Coffee;36
8.2.1.1;2.2.1.1 Climate Change and Coffee Production;36
8.2.1.2;2.2.1.2 The Microfinance Plus Approach to Support Coffee Farmers’ Adaptation to Climate Change;38
8.2.2;2.2.2 Mitigation in Cattle Raising in Nicaraguan Agricultural Frontier;43
8.2.2.1;2.2.2.1 The Environmental Pressure of Cattle Production;43
8.2.2.2;2.2.2.2 Microfinance Plus to Transform Extensive Cattle;45
8.3;2.3 Conclusions;48
8.4;References;50
9;3: Remittances: Loan Funds for a Rural Economy? Evidence from the Kayes District (Western Mali);55
9.1;3.1 Introduction;55
9.1.1;3.1.1 A Customized Financial Product: Savings;57
9.2;3.2 Microfinance;58
9.3;3.3 A Readiness to Save;63
9.3.1;3.3.1 The Kayes District;63
9.3.2;3.3.2 Migration and Productive Agricultural Investment;65
9.3.2.1;3.3.2.1 My Family, My Community, My Homecoming!;65
9.4;3.4 Conclusion;67
9.5;References;70
10;4: Islamic Microfinance: Exploring the Experience of Akhuwat in Promoting Qard Hasan in Pakistan;76
10.1;4.1 Introduction1;76
10.2;4.2 An Introduction to Islamic Microfinance;78
10.3;4.3 AIM and the Qard Hasan Model;81
10.3.1;4.3.1 The Institution;81
10.3.2;4.3.2 The Qard Hasan Microcredit Model;84
10.4;4.4 A Working Hypothesis and Four Essential Questions on Qard Hasan and Islamic Microfinance;85
10.4.1;4.4.1 Demand;86
10.4.2;4.4.2 Sustainability;87
10.4.3;4.4.3 Replicability;89
10.4.4;4.4.4 Impact;90
10.5;4.5 Conclusion;94
10.6;References;97
11;5: Relationship Lending in Microfinance: Do Women Benefit As Much As Men?;99
11.1;5.1 Introduction1;99
11.2;5.2 Progressive Lending in Practice and in the Literature;102
11.2.1;5.2.1 Progressive Lending in Microfinance;102
11.2.2;5.2.2 Progressive Lending in the Literature;103
11.3;5.3 Data;104
11.3.1;5.3.1 Data Preparation and Management;104
11.3.2;5.3.2 Descriptive Statistics;105
11.3.2.1;5.3.2.1 Evolution of Clients’ Projects;105
11.3.2.2;5.3.2.2 Evolution of Clients’ Financial Situations;108
11.3.2.3;5.3.2.3 Loan Amounts over Credit Cycles;111
11.4;5.4 Methods and Results;112
11.4.1;5.4.1 The Amounts Granted After the First Credit Cycle;114
11.4.2;5.4.2 The Evolution of Amounts from a Credit Cycle to the Next One;123
11.4.3;5.4.3 Discussion of Initial Hypotheses;131
11.5;5.5 Conclusion;133
11.6;References;134
12;6: What Happens When Microfinance Programmes Are Withdrawn? A Conceptual Framework for Analysing Causal Effects;137
12.1;6.1 Introduction and Motivation;137
12.2;6.2 Relevant Literature and Specific Contributions;140
12.3;6.3 Methodology: Analytical Framework for Measuring Withdrawal Effects;143
12.3.1;6.3.1 Level 1. Macro-Level Impact;144
12.3.1.1;6.3.1.1 Research Objectives;144
12.3.1.2;6.3.1.2 Methodology;144
12.3.1.3;6.3.1.3 Expected Results;146
12.3.2;6.3.2 Level 2. Meso-Level Impact;146
12.3.2.1;6.3.2.1 Research Objectives;147
12.3.2.2;6.3.2.2 Methodology;147
12.3.2.3;6.3.2.3 Expected Results;148
12.3.3;6.3.3 Level 3. Micro-Level Impact;149
12.3.3.1;6.3.3.1 Research Objectives;149
12.3.3.2;6.3.3.2 Methodology;149
12.4;6.4 Practical Example: The Case of Non-Bank MFIs in Uzbekistan;151
12.4.1;6.4.1 Microfinance Sector Evolution in Uzbekistan;152
12.4.2;6.4.2 Sector Closure;154
12.4.3;6.4.3 Impact Assessment;156
12.5;6.5 Conclusion;157
12.6;References;158
13;7: Good Customer Service Versus Bad Regulation;162
13.1;7.1 Introduction;162
13.2;7.2 Part I;164
13.3;7.3 Part II;168
13.4;7.4 Part III;171
13.5;References;173
14;8: Reframing Microfinance and Financial Inclusion Research: Case Studies and Synthesis;175
14.1;8.1 Introduction;175
14.2;8.2 Locating This Book in the Context of Wider Research into Microfinance;179
14.2.1;8.2.1 The Chapter Case Studies;179
14.2.2;8.2.2 Viewing the Case Studies Together;181
14.3;8.3 Conclusions;183
14.4;References;184
15;Index;186