Does Microfinance Cause or Reduce Suicides? Policy Recommendations for Reducing Borrower Stress

Ashta, Arvind; Khan, Saleh; Otto, Philipp E.

doi:10.1002/jsc.2004

Cited by 50 publications

(35 citation statements)

References 37 publications

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“…As a preliminary step, a univariate analysis of the sample and the SIs was conducted. This technique is commonly used in studies where the objective is to assess the overall status of the microfinance sector or assess it at a specific economic, social, environmental or governance level (Ashta, Khan, & Otto, 2015;Gertler, Levine, & Moretti, 2009;Mersland & Strøm, 2009;Morduch, 1999).…”

Section: Analytical Processmentioning

confidence: 99%

Microfinance institutions fostering sustainable development

García-Pérez

Torres

Izquierdo

2018

Sustainable Development

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The microfinance sector is considered an important contributor to the expansion of formal financial systems. It plays a significant role in sustainable development. Microfinance institutions (MFIs) as key actors in the microfinance sector require an organizational management framework that facilitates sustainable growth. The objective of this study is to define a balanced MFI sustainability approach that considers financial, environmental, social and governance dimensions as equally important. Through a clustering process, this research establishes the relationship between the various sustainability indicators provided by MixMarket, and it determines different MFI sustainability profiles. This research uses the Kruskal–Wallis method to characterize each group based on outreach, financial and risk indicators. The results show that there is no balance between the different sustainability areas, and lead to the conclusion that it is necessary to promote an integrative approach to foster sustainability management practices in the microfinance industry.

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Section: Analytical Processmentioning

confidence: 99%

Microfinance institutions fostering sustainable development

García-Pérez

Torres

Izquierdo

2018

Sustainable Development

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“…There is no reason to assume a priori that the impacts of financial inclusion will be positive or significant. Some past evidence has suggested more inclusive financial service provision may also have negative impacts such as worsened impoverishment (Mosley 2001), financial and emotional stress (Ashta et al 2015), debt traps and permanent indebtedness (Schicks 2010;Guérin et al 2013), gender-based violence and women's disempowerment (Rahman 1999), and undereconomic development and greater social inequality (Bateman 2010;Sandberg 2012). Our systematic review of reviews captures and accounts for any findings of negative impacts, including mixed ones.…”

Section: Figure 1: Financial Inclusion Impacts: Theory Of Change Flowmentioning

confidence: 99%

Parental, community and familial support for children’s literacy in developing countries

Spier¹,

Britto²,

Pigott³

et al. 2016

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About 3ieThe International Initiative for Impact Evaluation (3ie) is an international grant-making NGO promoting evidence-informed development policies and programmes. We are the global leader in funding, producing and synthesising high-quality evidence of what works, for whom, how, why and at what cost. We believe that using better and policy-relevant evidence helps to make development more effective and improve people's lives. 3ie systematic reviews 3ie systematic reviews appraise and synthesise the available high-quality evidence on the effectiveness of social and economic development interventions in low-and middleincome countries. These reviews follow scientifically recognised review methods, and are peer-reviewed and quality assured according to internationally accepted standards. 3ie is providing leadership in demonstrating rigorous and innovative review methodologies, such as using theory-based approaches suited to inform policy and programming in the dynamic contexts and challenges of low-and middle-income countries.

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“…This is because the public does not realize that this double‐bottom‐line sector is extremely profitable till it sees the initial public offerings (IPOs) being priced at many times the book value and being oversubscribed. In India, the IPO of SKS led to a lot of soul‐searching (Ashta and Hudon, ), attribution of blame to microfinance for borrower suicides (Ashta et al ., ), and the Andhra Pradesh legislator passing an ordinance which catalyzed a crisis in the sector (Mader, ). While much of the debate has been on the high profits of the MFIs, other practices such as high interest rates being charged to customers and coercive loan‐recovery practices are being brought to light.…”

Section: Challenges Of Financing a High‐growth Sectormentioning

confidence: 99%