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Microfinance

Microfinance

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Published by Basti
Master Thesis of 2004. Still gives you a fairly good overview about what's microfinance is about (and some "German English").
Master Thesis of 2004. Still gives you a fairly good overview about what's microfinance is about (and some "German English").

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Published by: Basti on Jun 02, 2007
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06/18/2013

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The Impact and Outreach ofMicrofinance Institutions:The Effect of Interest Rates
bySebastian Schwiecker(sebastian.schwiecker {at} helpedia {dot} org)www.helpedia.orgRevised November 2004
This paper was originally submitted in part fulfilment of the requirements for the degree of Diplom-Volkswirt (German equivalent to Master in Economics) from the University of Tübingen in October 2004.
 
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ContentsContents........................................................................................................1Figures..........................................................................................................3Acronyms.....................................................................................................41. Introduction.............................................................................................52. The Development of Microfinance........................................................7
 2.1. What is Microfinance? ....................................................................................................................7  2.2. The Origin of Microfinance ............................................................................................................8 2.3. Microfinance after the Second World War.....................................................................................9 2.4. Microfinance Today.......................................................................................................................11
3. The Impact of Microcredit...................................................................13
 3.2. The Eradication of extreme Poverty and Hunger.........................................................................13 3.3. Achievement of universal primary Education ..............................................................................15 3.4. Promote gender Equality and empower Women...........................................................................16  3.5. Reduce Child Mortality and improve Maternal Health................................................................17  3.6. Combat HIV/AIDS, Malaria and other diseases ..........................................................................18 3.7. Ensure environmental Sustainability............................................................................................20 3.8. Develop a global Partnership for Development............................................................................21
4. Microcredit Outreach...........................................................................24
 4.1. The Demand for Microcredit.........................................................................................................24 4.2. The Supply of Microcredit.............................................................................................................25 4.3. Meeting the Demand......................................................................................................................26  4.4. Microfinance and the Capital Markets.........................................................................................29
5. Credit Rationing....................................................................................31
 5.1. The imperfect Information Paradigm...........................................................................................31 5.2. Adaptation to the Microfinance Sector.........................................................................................33 5.3. Overcoming Credit Rationing for the Microfinance Sector.........................................................35
6. Interest Rates.........................................................................................41
6.1. Setting the right Interest Rate........................................................................................................416.2. Can Micro-Entrepreneurs bear these Rates..................................................................................436.3. Should the Interest Rate be subsidized anyway ............................................................................44
7. Empirical verification...........................................................................46
7.1. Setting up a Sample.......................................................................................................................46 
 
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7.2. Examining the Sample...................................................................................................................47 
8. Conclusions............................................................................................52Appendix....................................................................................................54
 Appendix 1: Average loan balance.......................................................................................................54 Appendix 2: Portfolio at Risk...............................................................................................................56  Appendix 3: Transaction Costs ............................................................................................................58 Appendix 4: Portfolio Growth..............................................................................................................60 Appendix 5: Portfolio vs. Equity ..........................................................................................................60 Appendix 6: Internal Rate of Return ...................................................................................................61 Appendix 7: Subsidized Interest Rates and the Net Gains to Society..................................................62 Appendix 8: Interest Rate vs. Loan Size vs. FSS vs. PAR...................................................................63 Appendix 9: Inflation vs. GDP per Capita...........................................................................................65
References..................................................................................................67Internet References...................................................................................71Ratings........................................................................................................76Other Sources............................................................................................78

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This is useful tool for MFIs. Please send me the research papers related to micro finance
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