Kasat, Puja (2010): Innovative Approaches to Developmental Microfinance in India.
Download (780kB) | Preview
Though microfinance in India has grown phenomenally in the last decade, there has been a problem with increasing the geographical reach and impact of the same. The reasons for less reach are multifold but primarily, lack of continuous capital and little state & regulatory support to the sector. To address the problem of capital, the first part of this study focuses on which funding source suits the industry the most given its mission to alleviate poverty, in order to create commercially sound and sustainable organizations. The second part of this study focuses on increasing the impact which microfinance can create on the lives of the poor, by innovatively using the channel of microfinance to provide increased access to education to the poor. Empowerment through education will be a key in any efforts to improve the quality of rural life and the welfare of the next generation in developing countries.
|Item Type:||MPRA Paper|
|Original Title:||Innovative Approaches to Developmental Microfinance in India|
|Keywords:||Microfinance, education, integrate, equity|
|Subjects:||G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages|
|Depositing User:||Puja Kasat|
|Date Deposited:||23. Apr 2010 08:57|
|Last Modified:||13. Feb 2013 02:11|
Ahmed, S. (2009), “Microfinance institutions in Bangladesh: achievements and challenges”, Managerial Finance Vol. 35 pp. 999-1010 Emerald Group Publishing Limited.
Bhatt, N. (1997), “Microenterprise development and the entrepreneurial poor: including the excluded?”, Public Administration and Development, Vol. 17 No. 4, pp. 371-86.
Bebczuk, Ricardo and Francisco Haimovich. 2007. “MDGs and Microcredit: An Empirical Evaluation for Latin American Countries.” Argentina: CEDLAS and Universidad Nacional de la Plata.
Cull, R., Asli Kunt, Jonathan Morduch (2008), “Microfinance Meets the Market”, Policy Research Working Paper of World Bank
Goldberg, Nathanael. December 2005. “Measuring the Impact of Microfinance: Taking Stock of What We Know.” Washington, DC.: Grameen Foundation USA.
Hazarika, Gautam and Sudipta Sarangi. 2007. “Household Access to Microcredit and Child Work in Rural Malawi.” 36, No. 5. pp. 843-859.
Jayachandran, Usha. June 2002. “Socio-Economic Determinants of School Attendance in India.” Working Paper No. 103. Delhi, India.: Centre for Development Economics.
Karnani, A. (2007), “Microfinance Misses its Mark”, Stanford Social Innovation Review 2007
Khan, Rana Ejaz and Karamat Ali. 2004. “Bargaining Over Sons’ and Daughters’ Schooling: Probit Analysis of Household Behavior in Pakistain.” Working Paper No. 01-05. Bahawalpur, Pakistan.; Department of Economics, Islamia University.
Khandker, Shahidur, and Mark M. Pitt. 2003. "The Impact of Group-Based Credit on Poor Households: An Analysis of Panel Data from Bangladesh." Washington, D.C.: World Bank.
Maldonado, J.H. (2005), “The influence of microfinance on the education decisions of rural households”.
Meyer Robert. 2002. “Track Record of Financial Institutions Assisting the Poor in Asia.” ADB Institute Research Paper, No.49: Asian Development Bank.
Lillard, Lee and Robert Willis. 1994. “Intergenerational educational mobility: Effects of family and state in Malaysia.” Journal of Human Resources: Vol. 29. pp. 1126–1166.
Littlefield, Elizabeth, Jonathan Morduch, and Syed Hashemi. January 2003. “Is Microfinance an Effective Strategy to Reach the Millennium Goals?” CGAP Focus Note. Washington, D.C.: World Bank.
Maldonado, Jorge and Claudio Gonzales Vega. 2008. “Impact of Microfinance on Schooling: Evidence from Poor Rural Households in Bolivia.” World Development: Vol. 36. No. 11, pp. 2440-2445.
Quaegebeur, M and M Srivatsa. August 2005. “Linkages between Microfinance and Effective Education with a Focus on Parental Involvement: An Exploratory Study in Andhra Pradesh, India”, Centre for Micro Finance Research Working Paper Series. New York: Institute for Financial Management and Research.
Reddy, C.S. & S. Manak (2005), “Self-Help Groups: A Keystone of Microfinance in India- Women empowerment & social security”,
Rosenzweig, Mark and Robert Evenson. 1977. “Fertility, Schooling, and the Economic Contribution of Children of Rural India: An Econometric Analysis.” Econometrica: Vol. 45, No. 5. pp.1065-1079.
Shafiq, M. Najeeb. 2007. “Household Schooling and Child Labor Decisions in rural Bangladesh.” Journal of Asian Economics: Vol. 18. pp. 946-966.
Shylendra, H S (2006), “Microfinance Institutions in Andhra Pradesh Crisis and Diagnosis” Economic and Political Weekly May 20 1959-1963
Velasco, Carmen and Chiba Saiko. “Expanding Impact: Innovations in Cost-Effectively Integrating Microfinance with Education in Health.” La Paz, Bolivia: Promujer Publications.
World Bank Group, “Andhra Pradesh Rural Poverty Reduction Project.” World Bank Projects and Operations.2004. Washington, DC: The World Bank Group.