par Cozarenco, Anastasia;Hudon, Marek ;Szafarz, Ariane
Référence Economics letters
Publication Publié, 2016-03-01
Référence Economics letters
Publication Publié, 2016-03-01
Article révisé par les pairs
Résumé : | Recent evidence shows that the poor desperately need access to savings products. But despite this general consensus, microfinance institutions (MFIs) offering savings products are still under-studied. Using random-effect probit estimation on a dataset of 722 MFIs active over the 2005-2010 period, we try to identify the characteristics of those that collect voluntary savings. Our results suggest that these MFIs have received fewer subsidies than their credit-only counterparts. In other words, subsidies would crowd out micro-savings products, suggesting that donors generate negative externalities on product diversification. |