SpringerBriefs in Economics

Seasonality and Microcredit

The Case of Northern Bangladesh

Editors: Shonchoy, Abu S. (Ed.)

  • 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
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eBook $39.99
price for USA (gross)
  • ISBN 978-4-431-55010-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $54.99
price for USA
  • ISBN 978-4-431-55009-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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.

About the authors

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.

Table of contents (8 chapters)

  • Introduction

    Shonchoy, Abu S.

    Pages 1-7

  • Microcredit Revisited: Towards More Flexible Loan Contracts

    Tsukada, Kazunari

    Pages 9-19

  • Seasonal Deprivation and Microcredit in Northern Bangladesh

    Yamagata, Tatsufumi

    Pages 21-40

  • Analysis of Socioeconomic Conditions and Seasonality in Northern Bangladesh: Based on Survey Data

    Shonchoy, Abu S.

    Pages 41-54

  • Experimental Design for Flexible Microcredit Trials

    Kurosaki, Takashi

    Pages 55-70

Buy this book

eBook $39.99
price for USA (gross)
  • ISBN 978-4-431-55010-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $54.99
price for USA
  • ISBN 978-4-431-55009-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Seasonality and Microcredit
Book Subtitle
The Case of Northern Bangladesh
Editors
  • Abu S. Shonchoy
Series Title
SpringerBriefs in Economics
Copyright
2014
Publisher
Springer Japan
Copyright Holder
IDE-JETRO
eBook ISBN
978-4-431-55010-5
DOI
10.1007/978-4-431-55010-5
Softcover ISBN
978-4-431-55009-9
Series ISSN
2191-5504
Edition Number
1
Number of Pages
XVII, 107
Number of Illustrations and Tables
27 b/w illustrations, 16 illustrations in colour
Topics