Financial Inclusion and Financial Systems in Latin America and the Caribbean: Data and trends

Trujillo, Veronica; Navajas, Sergio

doi:10.18235/0000608

Cited by 5 publications

(8 citation statements)

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“…We constructed the measure by estimating the specific market size for microfinance, dividing the country’s portfolio size by the number of people living in the country (PPP). Data stem from IDB Multilateral Investment Fund’s Financial Inclusion Report 2014 (Trujillo and Navajas, 2014) and the World Bank Development Research Group’s Poverty and Equity Database. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments.…”

Section: Methodsmentioning

confidence: 99%

“…In terms of the outcome measure for financial inclusion (INCLUSION), we focused on the rate of microcredit in the particular context of interest. Using data from IDB Multilateral Investment Fund’s Financial Inclusion Report 2014 (Trujillo and Navajas, 2014), we measured financial inclusion by estimating the rate of microcredit clients among micro-entrepreneurs. In order to capture financial inclusion within low-income segments, and not across all segments of micro-entrepreneurs, this estimation draws from two sources of relevant data.…”

Section: Methodsmentioning

confidence: 99%

“…Data stems from IDB Multilateral Investment Fund's Financial Inclusion Report 2014 (Trujillo and Navajas, 2014) we assessed the extent to which the microfinance portfolio, the number of microcredit clients and the number of MFI respond to the size of overall population and to the different segments of the population with income below the 5-, 4-and 2.5-dollar thresholds. Our correlation analysis found positive and significant correlations between all measures (see appendix A), increasing the reliability of our measure.…”

Section: Measurementmentioning

confidence: 99%

“…First, it captures the number of micro-entrepreneurs by looking at the categories Employees/Self-employed and Employers/Employer of Household Surveys within low income segments in each country, as reported by World Development Indicators (WDI, 2013). Second, it estimates the number of micro-credit clients by looking at publicly available information or provided directly by financial system authorities, cooperatives regulators in each country, networks or federations of cooperatives, networks of microfinance institutions, and non-regulated credit providers (Trujillo and Navajas, 2014). The fact that this measure draws on data from both regulated (i.e.…”

Section: Measurementmentioning

confidence: 99%

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Entrepreneurship and financial inclusion through the lens of instrumental freedoms

Kimmitt

Muñoz

2017

International Small Business Journal

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This paper investigates the interrelated nature of instrumental freedoms and how they combine to engender financial inclusion amongst low income entrepreneurs. Drawing from Sen's capabilities approach, we emphasize a need for understanding the freedoms associated with institutional arrangements and the complex causal processes that lead to financial inclusion amongst micro-entrepreneurs. We perform a Fuzzy Set Qualitative Comparative Analysis of 19 countries in Latin America and the Caribbean. The findings indicate four causal combinations for financial inclusion. Our findings indicate that no single instrumental freedom is necessary for financial inclusion; it does not necessarily depend on the provision of microfinance and that political freedom is an important peripheral condition for inclusion. This allows us to question some of the assumptions about how microfinance operates amidst a set of complex institutional instrumental freedoms.

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Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Section: Measurementmentioning

confidence: 99%

Section: Measurementmentioning

confidence: 99%

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Entrepreneurship and financial inclusion through the lens of instrumental freedoms

Kimmitt

Muñoz

2017

International Small Business Journal

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“…On top of this, other types of institutions, including nongovernmental organizations (NGOs), provide financial services. Microfinance institutions have grown considerably in several countries of the region, and some of them also offer deposit-like instruments (Trujillo and Navajas, 2014). Typically, these smaller institutions operate only in a particular locality or region, and may not be highly integrated into countries' financial systems.…”

Section: Formal Vs Informal Saving: Quality Countsmentioning

confidence: 99%

Ahorrar para desarrollarse: Cómo América Latina y el Caribe puede ahorrar más y mejor

Cavallo¹,

Serebrisky²,

Frisancho³

et al. 2016

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Inter-American Development BankThis book is distributed under the terms of the Creative Commons AttributionNonCommercial-NoDerivatives 3.0 IGO license (http://creativecommons.org/ licenses/by-nc-nd/3.0/igo/) and may be reproduced with attribution to the Inter-American Development Bank (IDB) and for any non-commercial purpose. No derivative work is allowed.Any dispute related to the use of the works of the IDB that cannot be settled amicably shall be submitted to arbitration pursuant to the UNCITRAL rules. The use of the IDB's name for any purpose other than for attribution, and the use of IDB's logo shall be subject to a separate written license agreement between the IDB and the user and is not authorized as part of this CC-IGO license. Note that the link provided above includes additional terms and conditions of the license.The images or other third party material in this book are included in the work's Creative Commons license, unless indicated otherwise in the credit line; if such material is not included in the work's Creative Commons license and the respective action is not permitted by statutory regulation, users will need to obtain permission from the license holder to duplicate, adapt or reproduce the material. Open Access This work is distributed under a Creative Commons AttributionNonCommercial-NoDerivatives 3.0 IGO license (http://creativecommons.org/ licenses/by-nc-nd/3.0/igo/) and may be reproduced with attribution to the InterAmerican Development Bank (IDB) and for any non-commercial purpose. No derivative work is allowed. Any dispute related to the use of the works of the IDB that cannot be settled amicably shall be submitted to arbitration pursuant to the UNCITRAL rules. The use of the IDB's name for any purpose other than for attribution, and the use of IDB's logo shall be subject to a separate written license agreement between the IDB and the user and is not authorized as part of this CC-IGO license. Note that the link provided above includes additional terms and conditions of the license. The images or other third party material in this book are included in the work's Creative Commons license, unless indicated otherwise in the credit line; if such material is not included in the work's Creative Commons license and the respective action is not permitted by statutory regulation, users will need to obtain permission from the license holder to duplicate, adapt or reproduce the material. This work is subject to copyright. All commercial rights are reserved by the Inter-American Development Bank, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, ev...

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The effects of pricing strategy on the efficiency and self-sustainability of microfinance institutions: a case study

et al. 2021

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Financial Inclusion and Financial Systems in Latin America and the Caribbean: Data and trends

Cited by 5 publications

References 0 publications

Entrepreneurship and financial inclusion through the lens of instrumental freedoms

Entrepreneurship and financial inclusion through the lens of instrumental freedoms

Ahorrar para desarrollarse: Cómo América Latina y el Caribe puede ahorrar más y mejor

The effects of pricing strategy on the efficiency and self-sustainability of microfinance institutions: a case study

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