Microfinance
Michelle Jin
Other Keywords
Subsidy
Private sector investment
Sustainability
Profitability
Key question:
the role of subsidy, compete with or complement private sector funds
Resource list
Review of: The Economics of Microfinance
GOOD PRACTICE GUIDELINES FOR FUNDERS OF MICROFINANCE
The role of subsidies in microfinance: Evidence from the Grameen Bank.
Review of: The Economics of Microfinance
Search strategy: 'microfinance'
Econlit
Bibliographical information :题名_Review of: The Economics of Microfinance 作者_BASU, KAUSHIK (Review of: Armendariz de Aghion, Beatriz; Morduch, Jonathan) 单位_Cornell University 来源_Journal of Economic Literature, vol. 44, no. 3, September 2006, pp. 741-43
Source evaluation: relevant, introducing
Summary: the book is worth reading, it discusses almost all aspects concerning microfinance.
'provides a comprehensive overview of the current state of the microfinance industry.'

Review of: The Economics of Microfinance
Use of source:
after reading the review, I feel essential to read this book, especially chapter 9--'subsidy and sustainability' if my article is to focus on 'subsidy'
The role of subsidies in microfinance: Evidence from the Grameen Bank
Search strategy: 'microfinance' 'Grameen Bank'
Science Direct
Bibliographical information :Authors:Morduch, Jonathan来源:Journal of Development Economics; Oct99, Vol. 60 Issue 1, p229, 17p, 4 charts, 2 graphs文献类型:Article
Source evaluation: critical, based on concrete facts
The role of subsidies in microfinance: Evidence from the Grameen Bank
Summary:
Grameen Bank's repayment rate is not impressively high (98.9%) if international accounting standard is used.
Its profitability is also doubtful as subsidies are counted as income.
With less subsidy, Grameen would have to increase average interest rate to 26% to make the ends meet.It is cross-subsidizing poorer clients by profits earned in better-off clients, yet the profits won't be sustained facing greater competition.

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