Microfinance : A Critical Literature Survey

Microfinance : A Critical Literature Survey

This paper offers a critical survey of the microfinance literature of the past 10 years. It reviews studies on the effectiveness of different microfinance techniques and offers a critical assessment of the impact literature of microfinance. The lit...

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Main Author: Beck, Thorsten
Format: Working Paper
Language:English
en_US
Published: Washington, DC: Independent Evaluation Group 2016
Subjects:
FINANCIAL DEVELOPMENT
MICROCREDIT
MICROFINANCE
MICROFINANCE LITERATURE
MICROFINANCE METHODOLOGY
MICRO-SAVINGS
PAYMENT SERVICES
REGULATORY CHALLENGES
Online Access:http://documents.worldbank.org/curated/en/2015/12/25715445/microfinance-critical-literature-survey
http://hdl.handle.net/10986/23546
id okr-10986-23546
recordtype oai_dc
spelling okr-10986-235462021-04-23T14:04:16Z Microfinance : A Critical Literature Survey Beck, Thorsten FINANCIAL DEVELOPMENT MICROCREDIT MICROFINANCE MICROFINANCE LITERATURE MICROFINANCE METHODOLOGY MICRO-SAVINGS PAYMENT SERVICES REGULATORY CHALLENGES This paper offers a critical survey of the microfinance literature of the past 10 years. It reviews studies on the effectiveness of different microfinance techniques and offers a critical assessment of the impact literature of microfinance. The literature so far suggests moderate but not transformative effects of microcredit, with effects being conditional on individuals’ characteristics. The effects of micro-savings interventions seem more promising, while micro-insurance interventions suffer mostly from limited take-up. The biggest impact seems to come from expanding payment services. The paper discusses these findings in the broader context of the financial development literature and touches on methodological issues and regulatory challenges. 2016-01-04T15:41:37Z 2016-01-04T15:41:37Z 2015-11-22 Working Paper http://documents.worldbank.org/curated/en/2015/12/25715445/microfinance-critical-literature-survey 978-1-60244-261-0 http://hdl.handle.net/10986/23546 English en_US IEG working paper,2015/No.4; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Independent Evaluation Group, World Bank Group Washington, DC: Independent Evaluation Group Publication Publications & Research :: Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic FINANCIAL DEVELOPMENT
MICROCREDIT
MICROFINANCE
MICROFINANCE LITERATURE
MICROFINANCE METHODOLOGY
MICRO-SAVINGS
PAYMENT SERVICES
REGULATORY CHALLENGES
spellingShingle FINANCIAL DEVELOPMENT
MICROCREDIT
MICROFINANCE
MICROFINANCE LITERATURE
MICROFINANCE METHODOLOGY
MICRO-SAVINGS
PAYMENT SERVICES
REGULATORY CHALLENGES
Beck, Thorsten
Microfinance : A Critical Literature Survey
relation IEG working paper,2015/No.4;
description This paper offers a critical survey of the microfinance literature of the past 10 years. It reviews studies on the effectiveness of different microfinance techniques and offers a critical assessment of the impact literature of microfinance. The literature so far suggests moderate but not transformative effects of microcredit, with effects being conditional on individuals’ characteristics. The effects of micro-savings interventions seem more promising, while micro-insurance interventions suffer mostly from limited take-up. The biggest impact seems to come from expanding payment services. The paper discusses these findings in the broader context of the financial development literature and touches on methodological issues and regulatory challenges.
format Working Paper
author Beck, Thorsten
author_facet Beck, Thorsten
author_sort Beck, Thorsten
title Microfinance : A Critical Literature Survey
title_short Microfinance : A Critical Literature Survey
title_full Microfinance : A Critical Literature Survey
title_fullStr Microfinance : A Critical Literature Survey
title_full_unstemmed Microfinance : A Critical Literature Survey
title_sort microfinance : a critical literature survey
publisher Washington, DC: Independent Evaluation Group
publishDate 2016
url http://documents.worldbank.org/curated/en/2015/12/25715445/microfinance-critical-literature-survey
http://hdl.handle.net/10986/23546
_version_ 1764454251763859456

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