The main objective of this paper is to study the effects of microfinance on poverty reduction in developing countries, using cross-sectional and panel data. We show that a country with higher microfinance institution (MFI) gross loan portfolio per capita tends to have lower levels of poverty headcount ratio and higher level of expenditure of consumption per capita, confirming the role of microfinance in poverty reduction at the macro level. We show also that microfinance loans per capita are negatively associated with poverty gap (which measures the depth of poverty) and squared poverty gap (which measures the severity of poverty), implying that MFIs benefit not just the poor but also the poorest.
Journal of the Knowledge Economy – Springer Journals
Published: Jan 25, 2016
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera