Hardback
Handbook of Microfinance, Financial Inclusion and Development
This timely Handbook collates a range of evidence from top scholars in the field to help readers understand who microfinance reaches, how it helps, and why clients come back. It offers updated views on important concepts that enable a broader framework for understanding poverty and the corresponding financial needs of poor households.
More Information
Critical Acclaim
Contributors
Contents
More Information
This timely Handbook collates a range of evidence from top scholars in the field to help readers understand who microfinance reaches, how it helps, and why clients come back. It offers updated views on important concepts that enable a broader framework for understanding poverty and the corresponding financial needs of poor households.
Chapters cover recent findings on social impacts, the role of gender, fairness of interest rates, financial resilience in emergencies, and financial education, to provide a thorough coverage of key areas of the field. The Handbook focuses on delivery mechanisms for financial services including group liability lending, agent banking, and digital finance, as well as the special role of value chain finance and insurance for smallholder agriculture.
The case studies from both developed and developing countries and regions, illustrating the novel aspects of the link between microfinance, financial inclusion and development will make this a critical read for economics and development studies scholars. The practitioner views on the role of microfinance included in the Handbook will also make this a relevant and useful read for policy makers and practitioners in the area.
Chapters cover recent findings on social impacts, the role of gender, fairness of interest rates, financial resilience in emergencies, and financial education, to provide a thorough coverage of key areas of the field. The Handbook focuses on delivery mechanisms for financial services including group liability lending, agent banking, and digital finance, as well as the special role of value chain finance and insurance for smallholder agriculture.
The case studies from both developed and developing countries and regions, illustrating the novel aspects of the link between microfinance, financial inclusion and development will make this a critical read for economics and development studies scholars. The practitioner views on the role of microfinance included in the Handbook will also make this a relevant and useful read for policy makers and practitioners in the area.
Critical Acclaim
‘This is an outstanding collection of contributions from some of the most highly-respected researchers in the field of microfinance. It provides an excellent overview of the evidence on the success and limitations of microfinance and addresses important topics such as gender and finance, digital finance, and financial literacy. A must-read for anyone interested in microfinance.’
– Niels Hermes, University of Groningen, the Netherlands
‘An impressive collection of articles on many important aspects of microfinance; written by experts in the field and providing a unique and comprehensive overview of where microfinance stands in the 2020s.’
– Thorsten Beck, European University Institute, Italy
– Niels Hermes, University of Groningen, the Netherlands
‘An impressive collection of articles on many important aspects of microfinance; written by experts in the field and providing a unique and comprehensive overview of where microfinance stands in the 2020s.’
– Thorsten Beck, European University Institute, Italy
Contributors
Contributors: Christian Ahlin, Saniya Ansar, Knarik Ayvazyan, James R. Barth, Greta Bull, Sinja Buri, Anastasia Cozarenco, Robert Cull, Alan de Brauw, Godwin Debrah, Giovanni di Placido, Gregor Dorfleitner, Xavier Giné, Claudio Gonzalez-Vega, Aleksandr Grigoryan, Isabelle Guérin, Begoña Gutiérrez-Nieto, Valentina Hartarska, Wim Heijman, Jake Hess, Jitka Hilliard, Marek Hudon, Susan Johnson, Knar Khachatryan, Leora Klapper, Robert Lensink, Alejandro Javier Micco Aguayo, Laura Mo, Jonathan Morduch, Victor Motta, Pundarik Mukhopadhaya, Batkhuyag Myagmar, Denis Nadolnyak, Nguyen Nguyen, Dina Pons, Noémie Renier, Joakim Sandberg, Carlos Serrano-Cinca, Apurba Shee, Silvia Storchi, Johan Swinnen, Ariane Szafarz, Calum G. Turvey, Patricio Andrés Valenzuela Aros, Bilal Zia
Contents
Contents:
PART I INTRODUCTION
1 Overview of microfinance, financial inclusion, and development 2
Robert Cull and Valentina Hartarska
PART II CONCEPTUAL FRAMEWORKS FOR MICROFINANCE,
FINANCIAL INCLUSION, AND DEVELOPMENT
2 Rethinking poverty, household finance, and microfinance 21
Jonathan Morduch
3 Assessment of microfinance institutions and their impact: evidence from
a scientometric study 41
Begoña Gutiérrez-Nieto and Carlos Serrano-Cinca
4 Financial inclusion and gender 66
Isabelle Guérin
5 Toward a theory of fair interest rates on microcredit: balancing the needs
of clients and institutions 83
Marek Hudon and Joakim Sandberg
6 Resilience in emergencies, savings, and credit 99
Saniya Ansar, Jake Hess, and Leora Klapper
7 When is financial education successful? Taking stock of the new wave
of field evidence 119
Bilal Zia
PART III DELIVERING FINANCIAL SERVICES TO CLIENTS
8 Group lending in theory and practice 135
Christian Ahlin and Godwin Debrah
9 Alternative delivery channels and impacts: agent banking 150
Sinja Buri, Robert Cull, and Xavier Giné
10 Digital financial inclusion and development 164
Greta Bull and Leora Klapper
11 Building inclusive value chains for smallholders: the role of finance 181
Alan de Brauw and Johan Swinnen
12 Index insurance for developing countries: a primer 194
Mario J. Miranda and Denis Nadolnyak
PART IV VIEW FROM PRACTITIONERS AND FUNDERS
13 Measuring the evolution of client vulnerability: innovation at
the BBVA Microfinance Foundation 212
Claudio Gonzalez-Vega, Laura Mo, and Giovanni di Placido
14 An investor’s perspective on measuring and managing social
performance and impact 248
Gregor Dorfleitner, Dina Pons, and Noémie Renier
PART V EVIDENCE FROM REGIONS AND COUNTRIES
15 Financial inclusion in high-income countries: gender gap or poverty trap? 272
Anastasia Cozarenco and Ariane Szafarz
16 Financial literacy and the use of financial services by US households 297
James R. Barth, Valentina Hartarska, Jitka Hilliard, and Nguyen Nguyen
17 Financial inclusion, microfinance, and financial education in Latin America 316
Alejandro Javier Micco Aguayo and Patricio Andrés Valenzuela Aros
18 Gender and financial inclusion in Latin America and the Caribbean 339
Victor Motta
19 Inclusive finance and agricultural development in Africa 357
Calum G. Turvey and Apurba Shee
20 Evaluating digital financial inclusion: a Kenyan perspective on morality
and finance 383
Susan Johnson and Silvia Storchi
21 Inclusive finance and inclusive rural transformation in China 402
Calum G. Turvey
22 Does microfinance cause banking sector development and economic
growth? An application to Mongolia 425
Batkhuyag Myagmar, Robert Lensink, and Wim Heijman
23 Financial inclusion and poverty: evidence from Armenia 449
Aleksandr Grigoryan, Knar Khachatryan, Knarik Ayvazyan, and
Pundarik Mukhopadhaya
Index 467
PART I INTRODUCTION
1 Overview of microfinance, financial inclusion, and development 2
Robert Cull and Valentina Hartarska
PART II CONCEPTUAL FRAMEWORKS FOR MICROFINANCE,
FINANCIAL INCLUSION, AND DEVELOPMENT
2 Rethinking poverty, household finance, and microfinance 21
Jonathan Morduch
3 Assessment of microfinance institutions and their impact: evidence from
a scientometric study 41
Begoña Gutiérrez-Nieto and Carlos Serrano-Cinca
4 Financial inclusion and gender 66
Isabelle Guérin
5 Toward a theory of fair interest rates on microcredit: balancing the needs
of clients and institutions 83
Marek Hudon and Joakim Sandberg
6 Resilience in emergencies, savings, and credit 99
Saniya Ansar, Jake Hess, and Leora Klapper
7 When is financial education successful? Taking stock of the new wave
of field evidence 119
Bilal Zia
PART III DELIVERING FINANCIAL SERVICES TO CLIENTS
8 Group lending in theory and practice 135
Christian Ahlin and Godwin Debrah
9 Alternative delivery channels and impacts: agent banking 150
Sinja Buri, Robert Cull, and Xavier Giné
10 Digital financial inclusion and development 164
Greta Bull and Leora Klapper
11 Building inclusive value chains for smallholders: the role of finance 181
Alan de Brauw and Johan Swinnen
12 Index insurance for developing countries: a primer 194
Mario J. Miranda and Denis Nadolnyak
PART IV VIEW FROM PRACTITIONERS AND FUNDERS
13 Measuring the evolution of client vulnerability: innovation at
the BBVA Microfinance Foundation 212
Claudio Gonzalez-Vega, Laura Mo, and Giovanni di Placido
14 An investor’s perspective on measuring and managing social
performance and impact 248
Gregor Dorfleitner, Dina Pons, and Noémie Renier
PART V EVIDENCE FROM REGIONS AND COUNTRIES
15 Financial inclusion in high-income countries: gender gap or poverty trap? 272
Anastasia Cozarenco and Ariane Szafarz
16 Financial literacy and the use of financial services by US households 297
James R. Barth, Valentina Hartarska, Jitka Hilliard, and Nguyen Nguyen
17 Financial inclusion, microfinance, and financial education in Latin America 316
Alejandro Javier Micco Aguayo and Patricio Andrés Valenzuela Aros
18 Gender and financial inclusion in Latin America and the Caribbean 339
Victor Motta
19 Inclusive finance and agricultural development in Africa 357
Calum G. Turvey and Apurba Shee
20 Evaluating digital financial inclusion: a Kenyan perspective on morality
and finance 383
Susan Johnson and Silvia Storchi
21 Inclusive finance and inclusive rural transformation in China 402
Calum G. Turvey
22 Does microfinance cause banking sector development and economic
growth? An application to Mongolia 425
Batkhuyag Myagmar, Robert Lensink, and Wim Heijman
23 Financial inclusion and poverty: evidence from Armenia 449
Aleksandr Grigoryan, Knar Khachatryan, Knarik Ayvazyan, and
Pundarik Mukhopadhaya
Index 467
