Microfinance in post-disaster and post-conflict situations: Turning victims into shareholders

Marek Hudon and Hans Dieter Seibel

No 07-002.RS, Working Papers CEB from ULB -- Universite Libre de Bruxelles

Abstract: In recent years, large numbers of developing and transitional countries have ex¬peri¬enced situations of crisis, following political, economic or natural disasters, or total crisis, triggered by war or totalitarian oppression. The goal of this article is to study the role of member-owned institutions (MOIs) in the provision of the reparations for victims of human rights abuses or reconstruction in post-conflict and post-disaster situations. We argue that grants usually awarded for reconstruction in post-conflict areas or for reparations payments in post-disaster areas could be best turned into equity and deposits to foster MOIs. MOIs are found to be an appropriate institutional framework, to make the benefits of one-off payments more sustainable and also reinforce the financial sector.

Keywords: microfinance; conflict; disaster; repayment; human right. (search for similar items in EconPapers)
JEL-codes: L31 M54 O16 Q14 (search for similar items in EconPapers)
Pages: 21 p.
Date: 2007
New Economics Papers: this item is included in nep-afr, nep-dev and nep-mfd
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