Group Versus Individual Liability

Group Versus Individual Liability
Author: Xavier Gine
Publisher: World Bank Publications
Total Pages: 38
Release: 2006
Genre: Bank Policy
ISBN: 0609181742

Group liability is often portrayed as the key innovation that led to the explosion of the microcredit movement, which started with the Grameen Bank in the 1970s and continues on today with hundreds of institutions around the world. Group lending claims to improve repayment rates and lower transaction costs when lending to the poor by providing incentives for peers to screen, monitor, and enforce each other's loans. However, some argue that group liability creates excessive pressure and discourages good clients from borrowing, jeopardizing both growth and sustainability. Therefore, it remains unclear whether group liability improves the lender's overall profitability and the poor's access to financial markets. The authors worked with a bank in the Philippines to conduct a field experiment to examine these issues. They randomly assigned half of the 169 pre-existing group liability 'centers' of approximately twenty women to individual-liability centers (treatment) and kept the other half as-is with group liability (control). We find that the conversion to individual liability does not affect the repayment rate, and leads to higher growth in center size by attracting new clients.

The Micro-politics of Microcredit

The Micro-politics of Microcredit
Author: Mohammad Jasim Uddin
Publisher: Routledge
Total Pages: 244
Release: 2015-05-01
Genre: Business & Economics
ISBN: 1317430867

Microcredit has been seen in recent decades as having great potential for aiding development in poor developing countries, with Bangladesh being one of the countries which has pioneered microcredit and implemented it most widely. This book, based on extensive original research, explores how microcredit works in practice, and assesses its effectiveness. It discusses how microcredit, usually channelled through women, is often passed to the men of the family, a practice disapproved of by some, but regarded as acceptable by borrowers who have a communal approach to debt, rather than viewing debt as something held by single individuals. The book demonstrates how the rules around microcredit are often seem as irksome by the borrowers, how lenders often charge high rates of interest and work primarily to preserve their institutions, thereby going against the spirit of the microcredit movement, and how borrowers often end up on a downward spiral, deeper and deeper in debt. Overall, the book argues that although microcredit does much good, it also has many drawbacks.

Microfinance in Africa

Microfinance in Africa
Author: S. Rajagopalan
Publisher:
Total Pages: 220
Release: 2009
Genre: Africa
ISBN:

Africa is home to some of the poorest and vulnerable populations in the world. The ten poorest countries in the world are in Africa. Sub-Saharan Africa is the region with the highest incidence and greatest depth of poverty in the world. Fewer than one in five adults in Africa has access to the services of a formal or semi-formal financial institution. Microfinance in Africa is growing, though. A broad range of diverse institutions offer financial services to the poor and low-income clients in Africa. These include non-governmental organizations, non-banking financial institutions, cooperatives, credit unions, rural banks, Rotating Savings and Credit Associations (ROSCAs), postal financial institutions and an increasing number of commercial banks. Increasingly, technology is being used to expand microfinance outreach mobile phone banking is one such example. This book provides an overview of the microfinance sector in Africa, reviews the performance and impact of microfinance institutions in the region, and outlines some of the opportunities and challenges that African microfinance has on hand.

Informality and Monetary Policy in Japan

Informality and Monetary Policy in Japan
Author: Adrian van Rixtel
Publisher: Cambridge University Press
Total Pages: 418
Release: 2002-10-31
Genre: Business & Economics
ISBN: 1139437488

The success (and misfortunes) of the post-war Japanese economy has been one of the most debated points in modern economics. Many explanations focus on cultural and institutional factors, and in particular the role of 'Informality' (networks organizing business activity and government policy). Adrian van Rixtel, an economist at the European Central Bank, provides a quantitative and qualitative assessment of Informality in the formation of Japanese monetary policy. Having been based in Japan for three years, two years of which were spent at the Institute for Monetary and Economic Studies at the Bank of Japan and the Japanese Ministry of Finance, he is able to bring a unique 'insider-outsider' perspective to the subject.

Career Women in Contemporary Japan

Career Women in Contemporary Japan
Author: Anne Stefanie Aronsson
Publisher: Routledge
Total Pages: 270
Release: 2014-10-24
Genre: Social Science
ISBN: 1317686985

Since Japan’s economic recession began in the 1990s, the female workforce has experienced revolutionary changes as greater numbers of women have sought to establish careers. Employment trends indicate that increasingly white-collar professional women are succeeding in breaking through the "glass ceiling", as digital technologies blur and redefine work in spatial, gendered, and ideological terms. This book examines what motivates Japanese women to pursue professional careers in the contemporary neoliberal economy, and how they reconfigure notions of selfhood while doing so. It analyses how professional women contest conventional notions of femininity in contemporary Japan and in turn, negotiate new gender roles and cultural assumptions about women, whilst reorganizing the Japanese workplace and wider socio-economic relationships. Further, the book explores how professional women create new social identities through the mutual conditioning of structure and self, and asks how women come to understand their experiences; how their actions change the gendering of the workforce; and how their lives shape the economic, political, social, and cultural landscapes of this post-industrial nation. Based on extensive fieldwork, Career Women in Contemporary Japan will have broad appeal across a range of disciplines including Japanese culture and society, gender and family studies, women’s studies, anthropology, ethnology and sociology.

Becoming a Farmer in Contemporary Japan

Becoming a Farmer in Contemporary Japan
Author: Niccolò Lollini
Publisher: Taylor & Francis
Total Pages: 163
Release: 2023-10-27
Genre: Business & Economics
ISBN: 1000993574

Based on ethnographic fieldwork conducted in an agricultural cooperative running a training programme for aspiring farmers, this book explores the possibilities of agrarian and land-based modes of livelihood in contemporary Japan. The book is organised around the four key hurdles faced by new agricultural entrants: the acquisition of land and housing, farming know-how, capital, and market outlets. New farmers look with fresh eyes at agricultural issues, and their experiences provide a vantage point over the institutions shaping rural and agricultural life. The book documents the mounting problem of land and house abandonment in regional Japan, the role of agriculture in the revitalisation of rural communities, and the transformation of Japan’s agrifood system. To avoid reinforcing Japan’s exceptionalism, agricultural policy, farming practices, and fresh food distribution are analysed from a comparative perspective, shedding new light on processes of agrarian change in developed market economies. Providing an in-depth insight into pro-rural migration in the face of Japan’s shrinking regions and its declining agricultural sector, this book will be a valuable resource for students and scholars of Japanese society, agrarian policy, and rural sociology.

Microcredit and Women's Empowerment

Microcredit and Women's Empowerment
Author: Aminul Faraizi
Publisher: Routledge
Total Pages: 161
Release: 2014-04-04
Genre: Business & Economics
ISBN: 1136868224

Using a case study of Bangladesh, and based on a long term participatory observation method, this book investigates claims of the success of microcredit, as well as the critiques of it, in the context of women’s empowerment. It confronts the distinction between women’s increasing wealth as a consequence of the success of microcredit programmes and their apparent non-commensurate empowerment, looking at two organisations (the Grameen Bank and the Bangladesh Rural Advancement Committee) as they operate in two localities in rural Bangladesh, in order to discover how enrichment and empowerment are often confused. The book goes on to establish that the well-publicised success stories of the microcredit programme are blown out of proportion, and that the dynamics of collective responsibility for repayment of loans by a group of women borrowers – usually seen to be a tool for the success of microcredit – is in fact no less repressive than traditional debt collectors. This book makes a contribution to development debates; challenging adherents to more closely specify those conditions under which microcredit does indeed have validity, as well as providing insights relevant to South Asian Studies and Development Studies.