The role of subsidies in microfinance: evidence from the Grameen Bank

被引：122

作者：

Morduch, J ^{[1
]}

机构：

[1] Princeton Univ, Princeton, NJ 08544 USA

来源：

JOURNAL OF DEVELOPMENT ECONOMICS | 1999年 / 60卷 / 01期

关键词：

microfinance; group lending; cost-benefit analysis;

D O I：

10.1016/S0304-3878(99)00042-5

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The Grameen Bank of Bangladesh has been in the vanguard of the microfinance movement, showing the potential to alleviate poverty by providing credit to poor households. Part of this success has been built on subsidies. In 1996, for example, total subsidies evaluated at the economic opportunity cost of capital amounted to about US$26-30 million. The evidence helps to explain why institutions like Grameen have not just sprung up on their own as private commercial ventures, and it underscores the value of openly addressing the costs and benefits of subsidization. The paper also describes recent difficulties in maintaining high repayment rates. (C) 1999 Elsevier Science B.V. All lights reserved.

引用

页码：229 / 248

页数：20