Handbook of Microfinance, Financial Inclusion and Development

Edited by Valentina Hartarska, Department of Agricultural Economics and Rural Sociology, and Department of Finance, Auburn University, US and Robert Cull, Development Research Group, The World Bank, US

Contents:

PART I INTRODUCTION
1 Overview of microfinance, financial inclusion, and development 2
Robert Cull and Valentina Hartarska

PART II CONCEPTUAL FRAMEWORKS FOR MICROFINANCE,
FINANCIAL INCLUSION, AND DEVELOPMENT
2 Rethinking poverty, household finance, and microfinance 21
Jonathan Morduch
3 Assessment of microfinance institutions and their impact: evidence from
a scientometric study 41
Begoña Gutiérrez-Nieto and Carlos Serrano-Cinca
4 Financial inclusion and gender 66
Isabelle Guérin
5 Toward a theory of fair interest rates on microcredit: balancing the needs
of clients and institutions 83
Marek Hudon and Joakim Sandberg
6 Resilience in emergencies, savings, and credit 99
Saniya Ansar, Jake Hess, and Leora Klapper
7 When is financial education successful? Taking stock of the new wave
of field evidence 119
Bilal Zia

PART III DELIVERING FINANCIAL SERVICES TO CLIENTS
8 Group lending in theory and practice 135
Christian Ahlin and Godwin Debrah
9 Alternative delivery channels and impacts: agent banking 150
Sinja Buri, Robert Cull, and Xavier Giné
10 Digital financial inclusion and development 164
Greta Bull and Leora Klapper
11 Building inclusive value chains for smallholders: the role of finance 181
Alan de Brauw and Johan Swinnen
12 Index insurance for developing countries: a primer 194
Mario J. Miranda and Denis Nadolnyak

PART IV VIEW FROM PRACTITIONERS AND FUNDERS
13 Measuring the evolution of client vulnerability: innovation at
the BBVA Microfinance Foundation 212
Claudio Gonzalez-Vega, Laura Mo, and Giovanni di Placido
14 An investor’s perspective on measuring and managing social
performance and impact 248
Gregor Dorfleitner, Dina Pons, and Noémie Renier

PART V EVIDENCE FROM REGIONS AND COUNTRIES
15 Financial inclusion in high-income countries: gender gap or poverty trap? 272
Anastasia Cozarenco and Ariane Szafarz
16 Financial literacy and the use of financial services by US households 297
James R. Barth, Valentina Hartarska, Jitka Hilliard, and Nguyen Nguyen
17 Financial inclusion, microfinance, and financial education in Latin America 316
Alejandro Javier Micco Aguayo and Patricio Andrés Valenzuela Aros
18 Gender and financial inclusion in Latin America and the Caribbean 339
Victor Motta
19 Inclusive finance and agricultural development in Africa 357
Calum G. Turvey and Apurba Shee
20 Evaluating digital financial inclusion: a Kenyan perspective on morality
and finance 383
Susan Johnson and Silvia Storchi
21 Inclusive finance and inclusive rural transformation in China 402
Calum G. Turvey
22 Does microfinance cause banking sector development and economic
growth? An application to Mongolia 425
Batkhuyag Myagmar, Robert Lensink, and Wim Heijman
23 Financial inclusion and poverty: evidence from Armenia 449
Aleksandr Grigoryan, Knar Khachatryan, Knarik Ayvazyan, and
Pundarik Mukhopadhaya

Index 467