An Impact Analysis of Microfinance in Bosnia and Herzegovina

Valentina Hartarska () and Denis Nadolnyak

World Development, 2008, vol. 36, issue 12, 2605-2619

Abstract: Summary This paper applies the financing constraints approach to study whether microfinance institutions improved access to credit for microenterprises in Bosnia and Herzegovina. According to this approach, microenterprises with improved access to credit rely less on internal funds for their investments. Thus, we compare investment sensitivity to internal funds of microenterprises in municipalities with significant presence of MFIs to that of microenterprises 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 constraints. 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)
Date: 2008
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Citations: View citations in EconPapers (26)

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Working Paper: An Impact Analysis of Microfinance in Bosnia and Herzegovina (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:36:y:2008:i:12:p:2605-2619

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