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Autor
Pluskota Przemysław (University of Szczecin)
Tytuł
The Use of Microfinance to Mitigate Financial Exclusion
Źródło
Argumenta Oeconomica Cracoviensia, 2020, no 2(23), s. 105-123, rys., tab., bibliogr. 22 poz.
Słowa kluczowe
Wykluczenie finansowe, Mikrofinanse, Ubóstwo
Financial exclusion, Microfinance, Poverty
Uwagi
Klasyfikacja JEL: C5, E5, H6.
summ.
Abstrakt
Objective: The problem of financial exclusion is closely correlated to the development of the financial market, also in the regional aspect. In less developed countries ignored by commercial financial institutions, the only chance for the community lies with local financial institutions focused on the implementation of social goals. These can be, for example, microfinance institutions focused on serving poor and socially excluded people. Currently, microfinance institutions run their operations all over the world, in the richest countries and in poor ones. The aim of this article is to define and present the problem of financial exclusion and to examine microfinance as a way of mitigating the problem. Microfinance helps to mitigate financial exclusion, enabling social inclusion for many people via financial products tailored to their needs.

Research Design & Methods: The research offers conclusions based on analysis of data and reports published by microfinance institutions and deductive and inductive reasoning.

Findings: The research results show that financial inclusion plays a vital role in economic development and poverty alleviation. In order to improve access and usage of banking products, it is also necessary to increase financial awareness and knowledge. MFIs should strive to achieve social goals.

Implications/Recommendations: Microfinance institutions all over the world should strive to achieve social goals through a wide range of microfinance products, and not only through microcredit. In order to increase the impact of microfinance institutions and achieve social goals, a scenario for the functioning of MFIs was proposed. This scenario assumes co-implementation of social and commercial goals, which is a condition of retaining the idea of microfinance.

Contribution: The article presents the proposed model of microfinance activity which takes into account social goals and the digitisation of activities. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Pełny tekst
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Bibliografia
Pokaż
  1. Adamek, J. (2010) Mikrofinanse islamskie - założenia, produkty, praktyka. Warszawa: CeDeWu.
  2. Alińska, A. (2008) Instytucje mikrofinansowe w lokalnym rozwoju społeczno-gospodarczym. Warszawa: Szkoła Główna Handlowa w Warszawie.
  3. Anderloni, L., Braga, M. and Carluccio, E. (2007) New Frontiers in Banking Services. Emerging Needs and Tailored Products for Untapped Markets. Berlin-Heidelberg-New York: Springer.
  4. Ardic, O. P., Imboden, K. and Latortue, A. (2013) Financial Access 2012. Getting to a More Comprehensive Picture. Washington: CGAP and International Finance Corporation.
  5. Armendariz de Aghion, B. and Morduch, J. (2009) Ekonomia mikrofinansów. Gdańsk: Wydawnictwo AnWero.
  6. Beck, T., Demirgüç-Kunt, A. and Levine, R. (2004) Finance, Inequality and Poverty: Cross Country Evidence. National Bureau of Economic Research Working Paper 10979, https://doi.org/10.3386/w10979.
  7. Beck, T., Demirgüç-Kunt, A. and Martinez Peria, M. S. (2008) "Banking Services for Everyone? Barriers to Bank Access and Use around the World". The World Bank Economic Review 22(3): 397-430, https://doi.org/10.1093/wber/lhn020.
  8. Chaia, A., Dalal, A., Goland, T., Gonzalez, M. J., Morduch, J. and Schiff, R. (2009) "Half the World is Unbanked". Financial Access Initiative, www. financialaccess.org (accessed: 26 January 2019).
  9. Diriker, D., Landoni, P., Benaglio, N. (2018) "Microfinance in Europe: Survey Report 2016-2017". European Microfinance Network, Microfinance Centre.
  10. Downward Trend in the Share of Persons at Risk of Poverty or Social Exclusion in the UE (2018), Eurostat.
  11. Fila, J. (2013) "Innowacyjność mikrofinansów - dylematy i wyzwania dla systemu finansowego". Studia Ekonomiczne 173: 26-35.
  12. Fila, J. (2018) "Microfinance Institutions in Poland - towards Preventing Social and Financial Exclusion". Economic and Environmental Studies, Vol. 18, No. 2(46), 531-49, https://doi.org/10.25167/ees.2018.46.4.
  13. Financial Inclusion (2013). Global Financial Development Report 2014. The World Bank.
  14. Financial Services Provision and Prevention of Financial Exclusion (2008). European Commission VC/2006/-183.
  15. From Exclusion to Inclusion through Microfinance (2007). Report 1 - Social and Financial Exclusion Map. Microfinance Centre, European Microfinance Network, Community Development Finance Association.
  16. Gostomski, E. (2009) "Znaczenie mikrofinansów w wybranych krajach" in E. Ostrowska, J. Ostrowski (eds) Rynki finansowe. Mikrofinanse. Sopot: Fundacja na rzecz polskich związków kredytowych - Instytut Stefczyka.
  17. Grazioli, R., Pizzo, G., Poletti, L., Tagliavini, G. and Timpano, F. (2020) The Social Return on Investment (SROI) of Four Microfinance Projects. European Investment Fund Working Paper 65.
  18. Iwanicz-Drozdowska, M., Matuszczyk, A., Nowak, A. and Kitala, R. (2009) Produkty finansowe i edukacja finansowa w Polsce na tle wybranych krajów wysoko rozwiniętych. Raport z badań, 04/S/0010/08. Warszawa: Szkoła Główna Handlowa w Warszawie.
  19. Maison, D. (2013) Polak w świecie finansów. Warszawa: Wydawnictwo Naukowe PWN.
  20. Microfinance Barometer (2018), 9th Edition, https://www.convergences.org/en/104906-2/ (accessed: 15 January 2019).
  21. Stewart, R., Van Rooyen, C., Dickson, K., Majoro, M. and De Wet, T. (2010) What Is the Impact of Microfinance on Poor People? A Systematic Review of Evidence from Sub-Saharan Africa 2010, Technical Report. London: EPPI-Centre, Social Science Research Unit, University of London.
  22. The Regulation of Microcredit in Europe. Expert Group Report (2007). European Commission, https://ec.europa.eu/docsroom/documents/3669/attachments/1/translations/ en/renditions/pdf (accessed: 15 December 2018).
Cytowane przez
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ISSN
1642-168X
Język
eng
URI / DOI
http://dx.doi.org/doi.org/10.15678/AOC.2020.2306
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