Microfinance et dynamiques économiques : quels effets après dix ans d'innovations financières ?

Abstract

[eng] François Doligez — Micro-finance and economic dynamics : What effects after ten years of financial innovations ? . This article examines some questions related to the impact of micro-finance on the « real sphere » : who has access to credit ? Does it improve revenues and investments and therefore the local economy or, on the contrary, does it induce negative effects on the consumption and the living levels of the borrowers ? The article is based on fieldwork concerning three rural micro-credit networks in Benin, in Guinea and in Nicaragua. The comparative analysis of more than 3 000 surveys brings to light the ambivalent development of access to credits and illustrates, beyond standardised methods that are frequently used, the importance of socioeconomic effects.

The Gender of Finance and Lessons for Microfinance

“…These are both a question of good governance and a means to convey norms which are expected to facilitate self-management and selforganization (Doligez, 2002 ;Baumann, 2002 ). Indian SHGs are eligible for external loans if their notebooks are correctly managed, for instance.…”

The impact of microfinance services on the efficiency of family farms in Sub-Saharan Africa: the case of Cameroon

“…Farmers, for reasons related to short-term cash in interest in meeting the needs of their farms, borrow from MFIs. This agricultural credit of MFIs make possible, in this way, previously unrealistic purchases and transactions, by providing additional cash flow for production activities (Doligez, 2002). To this credit, which must be reimbursed, the farmer combines his skills.…”

Randomized Control Trials in the Field of Development

“…Convincing and useful impact studies in rural areas have shown the key role of financial innovations anchored in local territories-capable of developing specific products designed locally (bridge loans, guarantee funds and leasing) and combining with other measures (cropping contracts, harvest warehouse, tech nical assistance, etc. )-in enabling small farmers to upgrade their participation in various value chains (Bastiaensen and Marchetti 2011;Bouquet et al 2007), while often encountering threshold effects (Doligez 2002). Effects are sometimes questionable, such as when microcredit accelerates migration processes, as migration is necessary to repay microcredits (Bylander 2014;Morvant-Roux 2013).…”