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Can commercially-oriented microfinance help meet the Millennium Development Goals? Evidence from Pakistan.
Montgomery, H. Weiss, John A.
Montgomery, H.
Weiss, John A.
Publication Date
2011
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© 2010 Elsevier. Reproduced in accordance with the publisher's self-archiving policy.
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Abstract
The current emphasis in the microfinance industry is a shift from donor-funded to commercially sustainable operations. This article evaluates the impact of access to microloans from the Khushhali Bank - Pakistan's first and largest microfinance bank which operates on commercial principles. Using primary data from a detailed household survey of nearly 3000 borrower and non-borrower households, a difference in difference approach is used to test for the impact of access to loans. Once the results are disaggregated between rural and urban areas there is a positive impact in rural areas on food expenditure and on some social indicators.
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final draft paper
Citation
Montgomery, H. and Weiss, J. (2011). Can commercially-oriented microfinance help meet the Millennium Development Goals? Evidence from Pakistan. World Development. Vol. 39, No. 1, pp. 87¿109.
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