{"id":42679,"date":"2016-01-21T19:38:57","date_gmt":"2016-01-22T00:38:57","guid":{"rendered":"https:\/\/staging21.finca.org\/uncategorized-en-ca\/understanding-the-impact-of-microfinance"},"modified":"2023-05-15T21:55:10","modified_gmt":"2023-05-16T01:55:10","slug":"understanding-the-impact-of-microfinance","status":"publish","type":"post","link":"https:\/\/finca.org\/en-ca\/understanding-the-impact-of-microfinance","title":{"rendered":"Understanding the Impact of Microfinance"},"content":{"rendered":"<p>What effects do microfinance programs have on the people they serve? This is a question the researchers of <a href=\"http:\/\/www.grameenfoundation.org\/resource\/measuring-impact-microfinance-looking-future\" target=\"_blank\" rel=\"noopener\"><em>Measuring the Impact of Microfinance: Looking to the Future<\/em><\/a> aimed to answer. Authored by Professor Kathleen Odell for the Grameen Foundation, the paper examined previous studies and current data on various microfinance initiatives effectiveness on impacting the poor.<\/p>\n<p>According to the World Bank, about 2 billion people in the world are \u201cunbanked,\u201d and do not have access to or use banks or other financial institutions. Over 200 million people of these \u201cunbanked\u201d are served by microfinance institutions.<\/p>\n<blockquote><p>\u201cWhat did she find? First, she found that the most widely circulated studies have discovered consistently positive, if modest, impacts on the welfare of the typical beneficiary of microfinance products and financial inclusion initiatives, and significantly positive impacts on 5 to 10 percent of clients (of whom there are an estimated 200 million globally). Second, despite some unsubstantiated claims to the contrary, she found no evidence of any pattern of negative effects,\u201d writes Alex Count, founder of the Grameen Foundation.<\/p><\/blockquote>\n<p>(Evidence of microcredit\u2019s and savings impacts on lives are detailed in the charts below.)<\/p>\n<p>The detailed results from the study allows microfinance institutions, like FINCA, to sharpen their focus on providing the most beneficial services and products to clients, by providing the services that are actually needed, at the right time, and that are relevant to their specific circumstances.<\/p>\n<p><a href=\"https:\/\/finca.org\/wp-content\/uploads\/grameen-report-chart-1.jpg\"><img decoding=\"async\" data-src=\"https:\/\/finca.org\/wp-content\/uploads\/grameen-report-chart-1.jpg\" class=\"alignnone size-full wp-image-12811 lazyload img-fluid\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" alt=\"grameen report chart 1\" width=\"975\" height=\"820\" \/><noscript><img decoding=\"async\" class=\"alignnone size-full wp-image-12811 img-fluid\" src=\"https:\/\/finca.org\/wp-content\/uploads\/grameen-report-chart-1.jpg\" alt=\"grameen report chart 1\" width=\"975\" height=\"820\" srcset=\"https:\/\/finca.org\/wp-content\/uploads\/grameen-report-chart-1.jpg 975w, https:\/\/finca.org\/wp-content\/uploads\/grameen-report-chart-1-300x252.jpg 300w, https:\/\/finca.org\/wp-content\/uploads\/grameen-report-chart-1-768x646.jpg 768w\" sizes=\"(max-width: 975px) 100vw, 975px\" \/><\/noscript><\/a><br \/>\nSource: <em>Measuring the Impact of Microfinance: Looking to the Future<\/em>, December 2015.<\/p>\n<p><a href=\"https:\/\/finca.org\/wp-content\/uploads\/grameen-report-chart-2.jpg.png\"><img decoding=\"async\" data-src=\"https:\/\/finca.org\/wp-content\/uploads\/grameen-report-chart-2.jpg.png\" class=\"alignnone size-full wp-image-12812 lazyload img-fluid\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" alt=\"grameen report chart 2.jpg\" width=\"1090\" height=\"646\" \/><noscript><img decoding=\"async\" class=\"alignnone size-full wp-image-12812 img-fluid\" src=\"https:\/\/finca.org\/wp-content\/uploads\/grameen-report-chart-2.jpg.png\" alt=\"grameen report chart 2.jpg\" width=\"1090\" height=\"646\" srcset=\"https:\/\/finca.org\/wp-content\/uploads\/grameen-report-chart-2.jpg.png 1090w, https:\/\/finca.org\/wp-content\/uploads\/grameen-report-chart-2.jpg-300x178.png 300w, https:\/\/finca.org\/wp-content\/uploads\/grameen-report-chart-2.jpg-1024x607.png 1024w, https:\/\/finca.org\/wp-content\/uploads\/grameen-report-chart-2.jpg-768x455.png 768w\" sizes=\"(max-width: 1090px) 100vw, 1090px\" \/><\/noscript><\/a><\/p>\n<p>Source: <em>Measuring the Impact of Microfinance: Looking to the Future<\/em>, December 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What effects do microfinance programs have on the people they serve? A recent study explored how microfinance initiatives affect the poor.<\/p>\n","protected":false},"author":392,"featured_media":2333,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[151],"tags":[95,160,96,100],"class_list":["post-42679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en-ca","tag-financial-inclusion-en-ca","tag-impact","tag-microfinance-en-ca","tag-research-en-ca"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Understanding the Impact of Microfinance<\/title>\n<meta name=\"description\" content=\"What effects do microfinance programs have on the people they serve? 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