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Journal Article Methodology This study evaluates the early impacts of three microfinance systems in China. In terms of outcomes, it looks at programme targeting, financial and operational performance, and the impact of each programme. The three programmes under evaluation differ in the degree of local government involvement.
The NGO programme provides assistance in the flood plain, while the Microfinance with chinese characteristics two are in mountainous regions. The full sample consists of households from 18 villages with microfinance programme members and nonmembers randomly selected.
The authors quantified the impact of the programmes as changes in income and used household survey data from for the evaluation. The study uses probit models to estimate the targeting performance of the programme and ordinary least squares estimates to measure impact of the different programmes, controlling for observable household characteristics and eligibility criteria in treatment and control villages.
It uses an instrumental variables approach to limit selection bias. The instruments it uses are those that influenced programme participation but were not correlated with income.
The first instruments it uses are consumer durables and housing because these do not influence income but are predictors of wealth and eligibility. The second instrument it uses is eligibility itself to account for eligibility rules that are not based on income effects and to calculate the average programme effects on participants.
Policy Lessons In terms of overall targeting performance, the study excludes the very rich, but among those eligible, richer and poorer households are equally likely to participate.
For the NGO programme, owning a house, livestock or cultivated land predicts nonparticipation. Having fixed assets 0. Therefore, participants tend to be poorer households that engage in activities other than cropping.
In the government programme, participants are generally nonpoor and not engaged in cropping. Across almost all indicators of group performance—such as selection of group leaders, regular meetings, and so forth—the NGO group performed best, with the mixed organisation second and the government-run programme last.
For example, in the NGO programme, participants meet regularly 89 per cent of the time, while participants in the mixed programme meet regularly 67 per cent of the time and participants in the government programme meet regularly 42 per cent of the time. The study finds a positive programme effect of 0.
The study provides no data on programme effect for the government programme.
The authors also suggest that some of the country characteristics may indicate that microfinance will not be successful in all areas. They also state that microfinance movements in China should be partnered with an overall strategy to improve the rural financial sector by building up a diverse institutional framework.exam2 MAN study guide by baylie_robinson includes questions covering vocabulary, terms and more.
Quizlet flashcards, activities and games help you improve your grades. Analyzing household survey data from three microfinance program sites, we provide an early systematic assessment of Chinese microfinance programs, which have grown rapidly since , are based on the Grameen model, and include an unprecedented large-scale government initiative.
Microﬁnance with Chinese Characteristics Chinese Academy of Social Sciences, Beijing, People’s Republic of China Summary.
— Analyzing household survey data from three microﬁnance program sites, we provide MICROFINANCE WITH CHINESE CHARACTERISTICS we show that government-run microﬁnance has. Microfinance with Chinese characteristics Microfinance is a movement founded on the promise of institutional innovation.
Most but not all programs (including the earliest ones) in China are based on the Grameen Bank model. A Springtime for Microfinance in China? But microfinance in China has its own unique set of characteristics.
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