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What Happens When Microfinance Programmes Are Withdrawn? A Conceptual Framework for Analysing Causal Effects

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Emerging Challenges and Innovations in Microfinance and Financial Inclusion

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Abstract

Most microfinance impact studies have focused on measuring the causal impact of introducing a new microfinance institution (MFI) on business and household development indicators. However, over the last decade, the microfinance community has witnessed the unfortunate termination of a number of microfinance institutions in several developing countries. This paper develops a conceptual framework for measuring the causal impact, and obtaining a comprehensive analysis of the consequences, of withdrawing microfinance programmes. The conceptual framework is suitable for both academic research for robust impact evaluation and policy makers for comprehensive assessment of the overall impact of withdrawing microfinance programmes. A practical example of the application of this framework is provided for analysing the termination of non-bank MFIs in Uzbekistan.

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Notes

  1. 1.

    In this chapter, we do not present a detailed and extended econometric analysis of causal effects as this merits separate, stand-alone academic papers that are in progress.

  2. 2.

    Based on UN and Work Bank statistics as of 2018.

  3. 3.

    In this version, we present mainly generalised results. Detailed estimation procedures for each level are forthcoming in a separate paper.

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Author information

Authors and Affiliations

  1. CERGE-EI, Charles University and the Czech Academy of Sciences, Prague, Czech Republic

    Nargiza Alimukhamedova

  2. University of Economics in Prague, Prague, Czech Republic

    Nargiza Alimukhamedova

  3. Westminster International University, Tashkent, Uzbekistan

    Nargiza Alimukhamedova

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  1. Nargiza Alimukhamedova
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Correspondence to Nargiza Alimukhamedova .

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Editors and Affiliations

  1. Portsmouth Business School, University of Portsmouth, Portsmouth, UK

    Michael O'Connor

  2. Portsmouth Business School, University of Portsmouth, Portsmouth, UK

    Joana Silva Afonso

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Alimukhamedova, N. (2019). What Happens When Microfinance Programmes Are Withdrawn? A Conceptual Framework for Analysing Causal Effects. In: O'Connor, M., Silva Afonso, J. (eds) Emerging Challenges and Innovations in Microfinance and Financial Inclusion . Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-05261-4_6

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  • DOI: https://doi.org/10.1007/978-3-030-05261-4_6

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-05260-7

  • Online ISBN: 978-3-030-05261-4

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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