Financing businesses in Africa : the role of microfinance, Vol. 1 of 1

About

Countries

Data & Research

Learning

News

Projects & Operations

Publications

Topics

Home > Data & Research > Research > Author Profile > Report Details

Financing businesses in Africa : the role of microfinance

Author:	Aggarwal, Shilpa; Klapper, Leora; Singer, Dorothe;	Collection Title:	Policy Research working paper ; no. WPS 5975
Country:	Africa;	Date Stored:	2012/02/22
Document Date:	2012/02/01	Document Type:	Policy Research Working Paper
Language:	English	Region:	Africa
Report Number:	WPS5975	SubTopics:	Access to Finance; Emerging Markets; Banks & Banking Reform; Debt Markets; Financial Intermediation
Volume No:	1 of 1

Summary: This paper evaluates how microfinance performed in providing business financing in 27 Sub-Saharan African countries. It uses data from the 2009 and 2010 Gallup World Poll, a nationally-representative survey of at least 1,000 individuals per country, conducted in up to 157 countries per year. The data, supported by rigorous statistical evidence in related literature on the use of microcredit around the world, demonstrate that economic gains from microcredit have been more modest than what was once believed. On the other hand, the analysis suggests that the poor save in order to start new businesses and that the introduction of formal products for small savings can be a key financial innovation. The authors also analyze the challenges the poor face in setting money aside to save, and discuss what policymakers can do to promote savings.


Official Documents Official, scanned versions of documents (may include signatures, etc.)
File Type		Description	File Size (mb)

	PDF 30 pages	Official version*	2.1 (approx.)
	Text	Text version**

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.

** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.

Permanent URL for this page: http://go.worldbank.org/8TU5I2F2E0