The contrasts of microcredit and some unresolved institutional challenges of microfinance: evidence from México

Autores/as

  • Mauricio Cervantes Tecnológico de Monterrey
  • Miguel A. Montoya Tecnológico de Monterrey
  • L. Arturo Bernal Ponce Tecnológico de Monterrey

DOI:

https://doi.org/10.18381/eq.v14i2.7104

Palabras clave:

Microfinance, regulation, women.

Resumen

This study analyzes the impact of microcredit on women’s life. Until now, microfinance literature has described the benefits microcredits and how it helps women to improve their micro-firms. In this study we found that there is a contrast side of microcredit that needs to be addressed. This is, there is a negative side that includes women to be forced by their family to take credit, issues surrounding financial education, complaints about the Grameen model, marital disharmony, problems with children, etc. Additionally, benefits are kept mainly in the microfinance institutions due to the high interest rates they charge. To avoid this, we suggest to involve microfinance institutions in the community, or to commit the father or legal guardian of the children to act as bank guarantee, inter alia. We tested these ideas on a micro-entrepreneur’s women sample of women, in Mexico.

Descargas

Los datos de descargas todavía no están disponibles.

Citas

Cull, R., Demirgüc-Kunt, A. & Morduch, J. (2009). Microfinance meets the market. Journal of Economic Perspective, 23(1), 167-192.

De Mei, S., MacKenzie, D. & Woodruf, C. (2009). Are women more credit constrained? Experimental evidence on gender and microenterprise returns. American Economic Journal: Applied Economics. 1(3) 1-32.

Duflo, E. (2012) Women empowerment and economic development. Journal of Economic Literature, 50(4), 1051-1079.

Garikipati, S. (2008). The impact of lending to women on family vulnerability and women’s empowerment: Evidence from India. World Development, 36(12), 2620- 2642.

Garikipati, S. (2012). Microcredit and women’s empowerment: Have we been looking at the wrong indicators?. Oxford Development Studies (forthcoming).

Goetz, A. M. & Gupta, R. S. (1996). Who takes the credit? Gender, power and control over microcredit use in rural credit programs in Bangladesh. World Development, 24(1), 45-63.

Hashemi, S. M., Schuler, S. R. & Riley, A. P. (1996). Rural credit programs and women’s empowerment in Bangladesh. World Development, 24(4), 635-653.

Hulme, D. & Mosley, P. (1996). Finance against poverty. Vol. 1 & 2. London: Routledge.

Kabeer, N. (2001). Conflicts over credit: Revaluating the empowerment potential of microcredits to women in rural Bangladesh. World Development, 29(1), 63-84.

Khandker, S. (1998). Fighting poverty with microcredit: Experience in Bangladesh. New York: Oxford University Press for the World Bank.

Morduch, J. & Haley, B. (2002). Analysis of the effects of microcredit on poverty reduction. New York University Wagner Working Paper. No. 1014. Hull: Canadian International Development Agency.

Pitt, M. M. & Khandker, S. R. (1998). The impact of group-based credit programs on poor families in Bangladesh: Does the gender of participants matter?. Journal of Political Economy, 106(5), 958-996.

Pitt, M. M., Khandker, S. R. & Cartwright, J. (2006). Empowering women with micro finance: Evidence from Bangladesh. Economic Development and Cultural Change, 54(4), 791-831.

Rahman, A. (1999). Microcredit initiatives for equitable and sustainable development: Who pays?. World Development, 27(1), 67-82.

The Economist. (2011). Global microscope on the microfinance business environment. Economist Intelligence Unit Limited 2011.

Todd, H. (1996). Women at the centre: Grameen Bank borrowers after one decade. Colorado: Westview Press.

Yunus, M. (2007). Remarks by Muhammad Yunus, managing director, Grameen Bank. Microcredit Summit E-News, July, vol. 5, no. 1.

Zaman, H. (2004). The scaling-up of microfinance in Bangladesh: Determinants, impacts and lessons. World Bank Policy Research Working Paper, No. 3398. Washington DC: World Bank.

Publicado

2017-07-01

Cómo citar

Cervantes, M., Montoya, M. A., & Bernal Ponce, L. A. (2017). The contrasts of microcredit and some unresolved institutional challenges of microfinance: evidence from México. EconoQuantum, 14(2), 105–124. https://doi.org/10.18381/eq.v14i2.7104