Editors:
- Pioneering study in the field of seasonality-adjusted flexible micro-credit
- Employs observational data and randomized control experiment techniques to address the key research questions
- Numerous potential policy implications, such as the designing of typical micro-credit schemes, of relevance to practitioners, think tanks and policy makers
- Includes supplementary material: sn.pub/extras
Part of the book series: SpringerBriefs in Economics (BRIEFSECONOMICS)
Buy it now
Buying options
Tax calculation will be finalised at checkout
Other ways to access
This is a preview of subscription content, log in via an institution to check for access.
Table of contents (8 chapters)
-
Front Matter
About this book
The mismatch between credit repayments and income seasonality can create serious distortions. However, typically Micro-Finance Institutes (MFIs) do not provide any adjustments due to the income seasonality. For instance in Northern Bangladesh, Income and consumption downfalls during the time of post-Aman rice plantation seasons are quite regular phenomenon which is locally known as “Monga”. Poor landless agricultural wage laborers suffer the most due to this seasonality and usually they face difficulty to smooth their consumptions. As a result, it is extremely difficult to arrange the regular weekly loan repayments of the micro-credit, which they have taken during the productive part of the year. Using field experiments through RCTs in Northern Bangladesh, we randomly assigned seasonality adjusted flexible micro-credits and traditional rigid micro-credit to different borrowing groups. Examining the repayment behavior of the borrowers in the context of geographical classifications and loan designs; employing both survey and experimental methods, this study allows us to see the consequences of flexible loan repayment rules during the lean periods, and how they affect both MFIs and participating borrowers. The findings of this study have important policy implications for MFIs and policy-makers of the developing countries.
Editors and Affiliations
-
IDE-JETRO, Chiba, Japan
Abu S. Shonchoy
About the editor
Editor
Dr. Abu S. Shonchoy is working as a research fellow at the Institute of Developing Economies (IDE) JETRO, Japan and as an adjunct assistant professor at the Graduate School of Public Policy (GraSPP) at The University of Tokyo. He also holds a visiting fellowship position at the South Asian Network of Economic Modeling (SANEM). Prior to joining IDE-JETRO, he worked for BRAC University in Bangladesh and in ANU, UNSW and UTS in Australia as a lecturer. He also worked for the International Monetary Fund (IMF), in Washington DC, USA, during the period of 2007–2008. Dr. Shonchoy is a development economist with interests in impact evaluation and micro econometrics. He has several on going field research projects in Bangladesh and in India. His current research interests include projects on microfinance, migration, electrification and education. Dr. Shonchoy graduated from the University of Dhaka, Bangladesh, with a B.Sc. (Honors) in economics, a master’s degree in economic policy from the Australian National University (ANU) and a Ph.D. in economics from the University of New South Wales (UNSW), Australia.
Bibliographic Information
Book Title: Seasonality and Microcredit
Book Subtitle: The Case of Northern Bangladesh
Editors: Abu S. Shonchoy
Series Title: SpringerBriefs in Economics
DOI: https://doi.org/10.1007/978-4-431-55010-5
Publisher: Springer Tokyo
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: IDE-JETRO 2014
Softcover ISBN: 978-4-431-55009-9Published: 24 June 2014
eBook ISBN: 978-4-431-55010-5Published: 02 June 2014
Series ISSN: 2191-5504
Series E-ISSN: 2191-5512
Edition Number: 1
Number of Pages: XVII, 107
Number of Illustrations: 27 b/w illustrations, 16 illustrations in colour
Topics: Development Economics, Finance, general, Business Ethics