After their narrow escape from the Platters' attic in The Borrower Aloft, Pod, Homily, and Arrietty Clock return to their miniature village. But it is no longer a safe refuge, and so once again the Borrowers must go looking for another place to live. But finding a new home is hard when you're running for your life. The villainous Platters will not rest until they recapture the tiny family, and they hound the Clocks' every move. When the Borrowers finally do set up house under a window seat in an old rectory, it seems they have found safety at last -- until the Platters turn up in the church one night, forcing the Borrowers into a final desperate struggle for their freedom.
Micro finance has become a safety net for the poor in the Tamale Metropolis in Ghana to access credit for their businesses.The Potential Micro Entrepreneurial Borrowers in this Metropolis are faced with certain challenges and as such hidden opportunities available are not even harness to their advantage.This study therefore spelt out this linkage and how issues could be addressed.The study revealed that potential micro entrepreneurial borrowers do not have the knowledge about the amount of interest they paid on any form of credit they accessed from micro finance institutions.At the end of the day,the interest they pay on their loans are so high that, it defeats the purpose of poverty reduction and alleviation.In addition, little policy interventions are made to uplift and reduce the poverty status in the area of financing the activities of these potential micro entrepreneurial borrowers.
Micro-credit program provides financial capital to the rural poor in order to engage them in income generating activities to alleviate poverty. The main objective of this study is to assess the effectiveness of micro-credit program in alleviating poverty among rural borrowers in Bangladesh. Primary data were collected from eight hundred borrowers engaged in agricultural activities. Weighted Two Stage Least Square (WTSLS) technique was used to assess the impact of micro-credit program on borrowers' living-standard in terms of income, expenditure and saving. In this study, borrowers' perceptions towards their economic welfare under micro-credit program were assessed using logit model. This study showed that borrowers were economically benefited due to intervention of micro-credit program.
Microfinance loan is very important for every aspects of economic development in which repayment efficiency is one among many factors hindering efficient utilization of Loan. This study differentiates factors affecting loan repayment efficiency and assesses impact of efficient utilization of loan for the borrowers. Classical and Bayesian logistic regression were used for data analysis. Factor analysis was used to reduce data and to incorporate the major determinants that the efficient utilization of loan have to the borrowers, whereas logistic regression is used to obtained factors affecting loan repayment performance of borrowers and it was extended to the Bayesian frame. Results of the classical binary logistic regression indicate that better repayment efficiency is associated with borrowers: sex, education, number of dependent family member, monthly income, loan size, additional income, motivation of repayment and time. Also by using Bayesian logistic regression age, loan type, using loan for intended purpose and experience are significant in addition to significant predictors in classical one. Furthermore, some recommendations are suggested at final portion of the book.
Fighting against poverty is one of the core objectives of United Nation Development Programme (UNDP) under the project the Millennium Development Goals (MDGs). The potential to gain economic opportunities depends on the scale of access to monetary services. Micro finance made possible the access of the poor to the economic opportunities and enhanced their income in order to come out of the poverty cycle. The main objective of the study was to explore the impact of micro credit provided by NRSP on poverty alleviation in Rawalpindi, Pakistan. A survey with the help of purposive sampling was conducted and 100 borrowers of NRSP were selected as respondent from five villages. The result shows that Micro credit had made a significant difference in improving income levels of the borrowers. Micro credit is an effective tool which works as a mediator towards the improved livelihood of the loonies and also enhances their income. Borrowers were satisfied by the utilization of micro credit in a productive and purposeful way. People in rural areas have been benefiting from micro credit scheme.
The author researches women borrowers of Grameen Bank family space and public space development in patriarchal Bangladesh. He explores their familial decision-making practices around the management of income and expenditures like food, children’s education, dowry and teenage marriages and their engagement in community activities such as exploring the degree of freedom women are granted to visit public places like schools, local councils, banks and markets. Moreover, he examines the role the Grameen Bank’s Sixteen Decisions, an educational program designed to empower women in the family and community. Moreover, the author examines the role of the Grameen Bank’s Sixteen Decisions, an educational program designed to empower women in the family and community. Although the study finds the Grameen Bank program has had a positive impact upon the borrowers’ relations in the family and community, a revision of the Sixteen Decisions is suggested through the study that addresses gender inequality more directly.
Microfinance Institutions (MFIs) claim to use the tool of “microfinance” to eradicate poverty. They assure that the financial situation of each of the borrower will be financially improved. In this mechanism, a tiny amount of loan is given for a specific period of time and borrowers are required to repay the loan with interest on weekly basis in the form of installments. This study is designed to investigate whether or not borrowers’ financial conditions have improved through microfinance. The effect of microfinance on borrowers is examined by conducting a survey. Descriptive statistics and Binary Logistic Regression Model have been employed to validate the research. MFIs claim that they are successful in eradicating poverty but the result of this study has proven otherwise. The majority of the respondents have confirmed that their financial situation did not improve. On the contrary, their income level has reduced. Besides the income reduction, the result of this study shows that MFIs has a negative impact on the socio-economic welfare of the people.
This study was undertaken to investigate the relationships between lending policies, education of clients, loan usage, and business performance of small-scale enterprises owned by clients of Pride Microfinance Ltd, Buwenge and Jinja Districts. It is important to note that education of clients and loan usages have an important role to play in the business performance of small-scale businesses of borrowers. These are critical since lending policies are generally thought to be the biggest hindrance to the business performance of small-scale borrowers of loans from Micro Finance Institutions.
There is no denying the fact that microcredit has been playing an important role in the movement for poverty alleviation. But its serious limitations in terms of delivery system, rules of repayment, interest rate charges, etc are also undeniable. These limitations have made it unable to fully realize its goal and aspirations. A credible study like this was required to determine its economic and social productivity and actual interest paying capability. Applying the economic-profit counting method of analysis, it finds that for as many as 48% borrowers microcredit is not economically that productive to be able to pay so high interest. The study made three major contributions to literature: application of economic-profit counting method in economic productivity analysis, identification of the critically vulnerable group among the borrowers; and that borrowers regard microcredit more as a social than economic institution for facilitating and safeguarding their social and political empowerment. “…this is an important contribution and should enhance our understanding of the impact of microfinance on poverty.” – Prof. Anisuzzaman Chowdhury, Senior Economic Affairs Officer, United Nations
The establishment of sustainable Microfinance Institutions (MFI) that reach a large number of rural and urban poor who are not served by the conventional financial institutions, such as the commercial banks, has been a prime component of the new development strategy of Ethiopia. Healthy financial and operating performance of microfinance institutions is very important for their well functioning and to serve their clients properly. The motivating philosophy of this paper is that unless MFIs become viable and sustainable financial institutions, they can never fully realize their objective of reaching a greater number of poor people. In light of this, this paper has attempted to look at the Financial and Operating Performance of DECSI at firm level and compare against the Industry Average (I.A).The major finding of the study indicates that, the percent of women borrowers of DECSI is lower than the percent of women borrowers of the Industry Average. So DECSI should have to revise its client targeting criteria.From Financial Sustainability and Profitability angle, it is found that DECSI is going down the ladder of Sustainability and Profitability measures during the periods of the study
The study focused on the effect of agricultural credit programs on borrowers'' socio-economic conditions in An Giang Province of Vietnam. The research identified that the farmers got credit on both group guarantee and collateral basis. The credit mostly used for production purpose; however, some of the borrowers used some credit for consumption purpose as well. Overall, the credit positively made contribution to income, food security, employment opportunities, savings and capacity strengthening. Since household income increased, it helped to improve the quality of life of villagers. However, the amount of credit provided was inadequate. This constrained improved socio-economic status of poor villagers. Another significant finding was that some of villagers could not achieve more benefits from using credit in their production activities because of restricted loan size. They could not get adequate amount of loan because of insufficient or lack of collateral. Finally, a set of recommendation has been made suggestions for improvement of the effectiveness of credit schemes. This can help the poor people to improve their income and quality of life.
This is an empirical study undertaken using logistical model to evaluate the microeconomic impact of rural finance extended through Savings and Credit Cooperative Organizations and, Microfinance institutions on agribusiness development in rural farming communities of Hoima and Masindi Districts in Uganda. Besides building strong social capital among farmers, agro-processors and distributors, these institutions have positive and significant impacts on agricultural development through microcredit loans. Using micro-econometric tool of Propensity Score Matching, the study revealed a significant difference between borrowers and non borrowers in terms of realized output, intermediated input usage and land acreage devoted for farming. These are suggested parameters of improved agricultural productivity and technology, hence agriculture development. This book is a timely evaluation for prospective rural entrepreneurs, academics, policy practitioners, government and agencies interested in rural finance. Curious readers would also find this literature enriching.