In this paper we analyse the effects of microfinance programs upon household welfare in Vietnam. Our analytical framework builds upon the rural household models of Singh et al. (1986) and Rosenzweig (1990). Data on 470 households across 25 villages was collected using a quasiexperiment survey approach to overcome self-selection bias. In our econometric analysis the welfare effects of microfinan...

Microfinance Institutions (hereinafter referred to as MFIs) are financial institutions that function intermediary aim not only seek profit, but have another goal, namely social goals whose activities more community development. MFIs in conducting business can be carried out conventionally or based on Sharia Principles. The by include trading activities, the service sector. In carrying Shariah M...

Microfinance institutions supply loans, savings and other financial services to the poor low income clients on a sustainable basis play role in alleviation of poverty. The objective this article is, therefore, examine impact Saving Micro-Credit Program (SMCP) improving livelihood its clients. SMCP is one two microfinance active Eritrea. data collected from (both old new) was analyzed through he...

This study compares the hazard of failure in Islamic and conventional commercial banks using survival models. The sample consists of 421 banks from 20 Middle and Far Eastern countries observed during the 1995 to 2010 period. The conditioning variables are of both bank-level and country-level type. The analysis suggests that Islamic banks have lower failure risk and are less interconnected which...

This note reviews the microfinance sector in Ghana within the context of its potential for growth and development. The paper argues that microfinance, when properly harnessed can make significant contributions through several channels. Microfinance can promote higher investment leading to economic empowerment, which in turn promotes confidence and self-esteem, particularly for the vulnerable. I...

Microfinance plays an important role in the improvement of the livelihood of people especially in developing countries. The provision of microfinance services (such as micro loans, insurance, savings and technical assistance, among others) are considered as good measures for the reduction of poverty and levels of unemployment. The expansion of microfinance services has been accompanied with unp...

Under the difficult access to finance of SMEs, they expect that its relationship with the banks shall constitute a real help to access appropriate financing, at reasonable costs and requirements, given the possibility of mutually beneficial and long lasting relation. The literature, but also the research we have carried on, is centered on such determinants as concentration and the length of the...

BACKGROUND Islam acknowledges that infertility is a significant hardship. Attempts to cure infertility are not only permissible, but also encouraged in Islam. Over the last three decades, a multitude of advances in assisted reproductive technologies (ARTs) have appeared. This review was carried out to inform readers, who are not familiar with Islamic doctrine, about the Sunni perspective on thi...

We provide a quantitative evaluation of the aggregate and distributional impact of microfinance or credit programs targeted toward small businesses. We find that the redistributive impact of microfinance is stronger in general equilibrium than in partial equilibrium, but the impact on aggregate output and capital is smaller in general equilibrium. Aggregate total factor productivity (TFP) incre...