An Impact Analysis of Microfinance in Bosnia and Herzegovina

Valentina Hartarska () and Denis Nadolnyak ()

No wp915, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: This paper applies the financing constraint approach to study whether microfinance institutions improved access to credit for microenterprises in Bosnia and Herzegovina. According to this approach, microenterprises with improved assess to credit rely less on internal funds for their investments. Thus, we compare investment sensitivity to internal funds of micorenterprises in municipalities with significant presence of MFIs to that of micorenterprises in municipalities with no (or limited) presence of MFIs using Living Standards Measurement Survey and MFI branch location data. Results indicate that MFIs alleviated microbusinesses’ financing constraint. This approach is applicable to evaluating microfinance impact in other countries.

Keywords: microfinance; impact study; Microfinance Institutions; financing constraints; Eastern Europe; Bosnia and Herzegovina (search for similar items in EconPapers)
JEL-codes: G11 G21 O16 P20 (search for similar items in EconPapers)
Pages: pages
Date: 2007-12-01
New Economics Papers: this item is included in nep-mfd and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.wdi.umich.edu/files/Publications/WorkingPapers/wp915.pdf
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.wdi.umich.edu/files/Publications/WorkingPapers/wp915.pdf [302 Found]--> https://wdi.umich.edu/files/Publications/WorkingPapers/wp915.pdf)

Related works:
Journal Article: An Impact Analysis of Microfinance in Bosnia and Herzegovina (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wdi:papers:2008-915

Access Statistics for this paper

More papers in William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan 724 E. University Ave, Wyly Hall 1st Flr, Ann Arbor MI 48109. Contact information at EDIRC.
Bibliographic data for series maintained by WDI ().