Are Microcredit Participants in Bangladesh Trapped in Poverty and Debt?

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dc.creatorKhandker, Shahidur R.
dc.creatorSamad, Hussain A.
dc.date2013-04-10T18:16:42Z
dc.date2013-04-10T18:16:42Z
dc.date2013-04
dc.date.accessioned2026-07-01T01:00:40Z
dc.descriptionThis paper addresses whether microcredit participants in Bangladesh are trapped in poverty and debt, as many critics have argued in recent years. Analysis of data from a long panel survey over a 20-year period confirms this is not the case, although numerous participants have been with microcredit programs for many years. The results of the analysis suggest that participants derive a variety of benefits from microcredit: It helps them to earn income and consume more, accumulate assets, invest in children's schooling, and be lifted out of poverty. This is not to say that non-participants have failed to progress over the same period. Both participants and non-participants have gained as the economy has grown; however, the rates of poverty reduction have been higher for participants. Testing the net effect of microcredit programs requires applying an econometric method that controls for why some households participated and others did not, conditional on their initial characteristics. In addition, the method must control for time-varying, unobserved heterogeneity that affects everyone over time, albeit in possibly different ways. The paper's econometric estimates show significant welfare gains resulting from microcredit participation, especially for women. They also show that the accrued benefits of borrowing outweigh accumulated debt. As a result, households' net worth has increased, and both poverty and the debt-asset ratio have declined.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2013/04/17550228/microcredit-participants-bangladesh-trapped-poverty-debt
dc.identifierhttps://hdl.handle.net/10986/13125
dc.identifierhttps://doi.org/10.1596/1813-9450-6404
dc.identifier.urihttp://hdl.handle.net/123456789/414187
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research working paper;no. WPS 6404
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAMOUNT OF LOAN
dc.subjectASSET HOLDINGS
dc.subjectASSET RATIO
dc.subjectASSET RATIOS
dc.subjectASSET VALUE
dc.subjectAVERAGE DEBT
dc.subjectBANK LOANS
dc.subjectBANK POLICY
dc.subjectBANK RATE
dc.subjectBENEFICIARIES
dc.subjectBIDS
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCONSUMER GOODS
dc.subjectCONSUMPTION EXPENDITURE
dc.subjectCREDIT ACCESS
dc.subjectCREDIT SCORING
dc.subjectCROP PRODUCTION
dc.subjectDEBT
dc.subjectDEBT SERVICING
dc.subjectDEMAND FOR CREDIT
dc.subjectDEPOSITS
dc.subjectDUE DILIGENCE
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC POLICIES
dc.subjectEMPLOYMENT
dc.subjectEXPERIMENTAL DESIGN
dc.subjectEXTREME POVERTY
dc.subjectFARM ACTIVITIES
dc.subjectFARM SECTOR
dc.subjectFEMALE PARTICIPATION
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFOOD BASKET
dc.subjectFOOD CONSUMPTION
dc.subjectFOOD EXPENDITURE
dc.subjectFOOD EXPENDITURES
dc.subjectFOOD ITEMS
dc.subjectFOOD POLICY
dc.subjectFOOD POVERTY
dc.subjectFOOD POVERTY LINE
dc.subjectGENDER DISPARITY
dc.subjectGLOBAL POVERTY
dc.subjectGROUP LENDING
dc.subjectHOUSEHOLD HEAD
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD PARTICIPATION
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN CAPITAL INVESTMENT
dc.subjectHUMAN DEVELOPMENT
dc.subjectIMPACT EVALUATION
dc.subjectINCOME
dc.subjectINCOME GENERATION
dc.subjectINDEBTED HOUSEHOLDS
dc.subjectINDEBTEDNESS
dc.subjectINEQUALITY
dc.subjectINFORMAL LENDERS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERVENTION
dc.subjectLAND ASSET
dc.subjectLAND ASSETS
dc.subjectLAND VALUE
dc.subjectLANDHOLDINGS
dc.subjectLEARNING
dc.subjectLENDERS
dc.subjectLIABILITY
dc.subjectLIVING STANDARDS
dc.subjectLOAN
dc.subjectLOAN AMOUNTS
dc.subjectLOAN PORTFOLIO
dc.subjectLONGITUDINAL DATA
dc.subjectMEAT
dc.subjectMICROCREDIT
dc.subjectMICROCREDIT PROGRAMS
dc.subjectMICROENTERPRISE CREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMILK
dc.subjectNONFARM INCOME
dc.subjectNUTRITION
dc.subjectPENSIONS
dc.subjectPER CAPITA INCOME
dc.subjectPERFORMANCE INDICATORS
dc.subjectPOLITICAL ECONOMY
dc.subjectPOOR
dc.subjectPOOR HOUSEHOLDS
dc.subjectPOVERTY ALLEVIATION
dc.subjectPOVERTY DYNAMICS
dc.subjectPOVERTY LINE
dc.subjectPOVERTY RATES
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY STATUS
dc.subjectPROGRAM EFFECTS
dc.subjectRATES OF RETURN
dc.subjectREDUCTION IN POVERTY
dc.subjectREMITTANCES
dc.subjectREORGANIZATION
dc.subjectRETURNS
dc.subjectRURAL
dc.subjectRURAL AREAS
dc.subjectRURAL COMMUNITIES
dc.subjectRURAL CREDIT
dc.subjectRURAL DEVELOPMENT
dc.subjectRURAL HOUSEHOLDS
dc.subjectRURAL POVERTY
dc.subjectSAMPLE SIZE
dc.subjectSAVINGS
dc.subjectSAVINGS ACCOUNT
dc.subjectSCHOOL ATTENDANCE
dc.subjectSCHOOLING
dc.subjectSELECTION BIAS
dc.subjectSELF-EMPLOYMENT
dc.subjectSOLVENCY
dc.subjectSTOCKS
dc.subjectTOTAL DEBT
dc.subjectTRANSACTION
dc.subjectTRANSPORT
dc.subjectTREATMENT EFFECTS
dc.subjectVEGETABLES
dc.subjectVILLAGE FUND
dc.subjectVILLAGE LEVEL
dc.subjectVULNERABLE GROUPS
dc.subjectWAGE EMPLOYMENT
dc.subjectWAGES
dc.subjectWELFARE INDICATOR
dc.subjectWELFARE MEASURES
dc.titleAre Microcredit Participants in Bangladesh Trapped in Poverty and Debt?

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