Building Social Capital Through MicroFinance

Feigenberg, Benjamin; Field, Erica; Pande, Rohini

doi:10.3386/w16018

Cited by 83 publications

(49 citation statements)

References 50 publications

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“…Specifically, structural interventions are needed to address unequal gender relations (Zierler & Krieger, 1997), food insecurity (S. D. Weiser et al, 2010), social capital (Feigenberg, Field, & Pande, 2010; Pronyk, Harpham, Busza, Phetla, Morison, Hargreaves et al, 2008; Sanyal, 2009), and/or HIV-related stigma (Ehiri, Anyanwu, Donath, Kanu, & Jolly, 2005) in the context of ongoing HIV treatment. For example, microcredit and/or micro-irrigation interventions developed for PLWHA may address some of these levers simultaneously.…”

Section: Discussionmentioning

confidence: 99%

The social context of food insecurity among persons living with HIV/AIDS in rural Uganda

Tsai

Bangsberg

Emenyonu

et al. 2011

Social Science & Medicine

157

153

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HIV/AIDS and food insecurity are two of the leading causes of morbidity and mortality in sub-Saharan Africa, with each heightening the vulnerability to, and worsening the severity of, the other. Less research has focused on the social determinants of food insecurity in resource-limited settings, including social support and HIV-related stigma. In this study, we analyzed data from a cohort of 456 persons from the Uganda AIDS Rural Treatment Outcomes study, an ongoing prospective cohort of persons living with HIV/AIDS (PLWHA) initiating HIV antiretroviral therapy in Mbarara, Uganda. Quarterly data were collected by structured interviews. The primary outcome, food insecurity, was measured with the Household Food Insecurity Access Scale. Key covariates of interest included social support, internalized HIV-related stigma, HIV-related enacted stigma, and disclosure of HIV serostatus. Severe food insecurity was highly prevalent overall (38%) and more prevalent among women than among men. Social support, HIV disclosure, and internalized HIV-related stigma were associated with food insecurity; these associations persisted after adjusting for household wealth, employment status, and other previously identified correlates of food insecurity. The adverse effects of internalized stigma persisted in a lagged specification, and the beneficial effect of social support further persisted after the inclusion of fixed effects. International organizations have increasingly advocated for addressing food insecurity as part of HIV/AIDS programming to improve morbidity and mortality. This study provides quantitative evidence on social determinants of food insecurity among PLWHA in resource-limited settings and suggests points of intervention. These findings also indicate that structural interventions to improve social support and/or decrease HIV-related stigma may also improve the food security of PLWHA.

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Section: Discussionmentioning

confidence: 99%

The social context of food insecurity among persons living with HIV/AIDS in rural Uganda

Tsai

Bangsberg

Emenyonu

et al. 2011

Social Science & Medicine

157

153

View full text Add to dashboard Cite

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“…Traditionally, microcredit has been depicted as a very powerful tool to foster the build‐up of trust (Feigenberg et al, ) and to reduce informational asymmetries between lenders and borrowers, thanks to several devices ranging from group lending and peer monitoring to physical proximity and embeddedness in the local community (see the extensive and critical review by Armendáriz and Morduch, ). In particular, joint liability group lending should facilitate ‘screening, monitoring and enforcement of contracts among borrowers, reducing or erasing the agency costs of the lender’ (Hermes and Lensink, , p. F2).…”

Section: Introductionmentioning

confidence: 99%

Geographical Distance and Moral Hazard in Microcredit: Evidence From Colombia

Presbitero

Rabellotti

2013

J of Intl Development

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Recent years have seen an intense and critical debate about the impact of microcredit on entrepreneurial activities and poor households' welfare. This paper suggests that information asymmetries in the ex post loan arrangement between the microfinance institution and local borrowers could partially explain the limited impact of microcredit. The physical distance separating borrowers from the microfinance institution could be considered as a proxy of agency costs, increasing the costs of monitoring and easing moral hazard. The estimation of the effect of distance on the borrower's self‐assessed outcome of a microcredit project in Colombia confirms the presence of moral hazard in the microcredit market, with agency costs increasing with geographical distance. Copyright © 2013 John Wiley & Sons, Ltd.

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“…Though various studies have pointed to this fact, some of the findings have been contested and have pointed to the contrary (e.g. Banerjee et al, 2009;Karlan & Zinman, 2009;Feigenberg et al 2010).…”

Section: Introductionmentioning

confidence: 99%

Access to Microfinance by Rural Women: Implications for Poverty Reduction in Rural Households in Ghana

Annim

Alnaa

2013

RAE

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In view of the recent evidence that the impact of microfinance is being overstated, this study assesses the causal link between receiving credit from a microfinance institution and poverty reduction among rural households in the Upper East Region of Ghana. Using consumption expenditure as the outcome variable, we test the hypothesis that receiving credit has a poverty reducing effect. Treatment effect estimation technique is used to examine data on 250 beneficiaries and 250 non-beneficiaries from five Districts in the Region. Although the method of study is based on a quasi-experimental approach, the process of selecting the beneficiary and non-beneficiary sample cautiously made an attempt to minimize the potential problems that will arise from contamination, spill-over effects and programme and self-exclusion selection biases. The results support the hypothesis that microfinance has 0.12% poverty reducing effect. Premised on this, we conclude that even in very poor areas microfinance is capable of reducing poverty. Therefore microfinance investment is recommended to broaden the scale and scope of beneficiaries reached and improve delivery strategies to suite context specific characteristics.JEL Classification: C1, D13, D14, G21

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Building Social Capital Through MicroFinance

Cited by 83 publications

References 50 publications

The social context of food insecurity among persons living with HIV/AIDS in rural Uganda

The social context of food insecurity among persons living with HIV/AIDS in rural Uganda

Geographical Distance and Moral Hazard in Microcredit: Evidence From Colombia

Access to Microfinance by Rural Women: Implications for Poverty Reduction in Rural Households in Ghana

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