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Seasonal and Extreme Poverty in Bangladesh : Evaluating An Ultra-Poor Microfinance Project / Khalily, M. A. Baqui
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Khalily, M. A. Baqui
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Chronic poverty.
- Consumption smoothing.
- Debt Markets.
- Extreme poverty.
- Farmers.
- Finance and Financial Sector Development.
- Food & Beverage Industry.
- Household income.
- Household survey.
- Household welfare.
- Human capital.
- Incidence of poverty.
- Income.
- Industry.
- Insurance.
- Landholdings.
- Macroeconomics and Economic Growth.
- Microcredit programs.
- Poor.
- Poverty Reduction.
- Regional Economic Development.
- Rural.
- Rural areas.
- Rural development.
- Rural poverty.
- Rural Poverty Reduction.
- Targeting.
- Local Subjects:
- Chronic poverty.
- Consumption smoothing.
- Debt Markets.
- Extreme poverty.
- Farmers.
- Finance and Financial Sector Development.
- Food & Beverage Industry.
- Household income.
- Household survey.
- Household welfare.
- Human capital.
- Incidence of poverty.
- Income.
- Industry.
- Insurance.
- Landholdings.
- Macroeconomics and Economic Growth.
- Microcredit programs.
- Poor.
- Poverty Reduction.
- Regional Economic Development.
- Rural.
- Rural areas.
- Rural development.
- Rural poverty.
- Rural Poverty Reduction.
- Targeting.
- Physical Description:
- 1 online resource (54 pages)
- Other Title:
- Seasonal And Extreme Poverty In Bangladesh
- Place of Publication:
- Washington, D.C., The World Bank, 2010
- System Details:
- data file
- Summary:
- Microfinance is often criticized for not adequately addressing seasonality and hard-core poverty. In Bangladesh, a program known as PRIME was introduced in 2006 to address both concerns. Unlike regular microfinance, PRIME introduces a microfinance scheme that offers a flexible repayment schedule and consumption smoothing, as well as production, loans. It targets the ultra-poor, many of whom are also seasonally poor, with a severe inability to smooth consumption during certain months of the year. Besides providing loans, PRIME offers extension and training services. This paper uses a quasi-experimental survey design to evaluate PRIME against regular microfinance programs. The results show that PRIME is more effective than regular microfinance in reaching the ultra-poor, as well as the seasonal poor. PRIME also helps reduce seasonal deprivation and extreme poverty. Although the program has demonstrated its promise, it is too early to conclude whether the accrued benefits are large enough to contain both seasonal and chronic poverty on a sustained basis.
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