Seasonal and Extreme Poverty in Bangladesh : Evaluating an Ultra-Poor Microfinance Project

Microfinance is often criticized for not adequately addressing seasonality and hard-core poverty. In Bangladesh, a program known as PRIME was introduced in 2006 to address both concerns. Unlike regular microfinance, PRIME introduces a microfinance scheme that offers a flexible repayment schedule and consumption smoothing, as well as production, loans. It targets the ultra-poor, many of whom are also seasonally poor, with a severe inability to smooth consumption during certain months of the year. Besides providing loans, PRIME offers extension and training services. This paper uses a quasi-experimental survey design to evaluate PRIME against regular microfinance programs. The results show that PRIME is more effective than regular microfinance in reaching the ultra-poor, as well as the seasonal poor. PRIME also helps reduce seasonal deprivation and extreme poverty. Although the program has demonstrated its promise, it is too early to conclude whether the accrued benefits are large enough to contain both seasonal and chronic poverty on a sustained basis.

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Bibliographic Details
Main Authors: Khalily, M.A. Baqui, Khandker, Shahidur R., Samad, Hussain A.
Language:English
Published: 2010-06-01
Subjects:ACCESS TO FOOD, AGRICULTURAL ACTIVITY, AGRICULTURAL LABORERS, AGRICULTURE, ANTI-POVERTY, ASYMMETRIC INFORMATION, BASIC FOODS, BENEFICIARIES, BETTER ACCESS TO MARKETS, BORROWERS, BUDGET, BUFFER STOCKS, CASH TRANSFERS, CHECK, CHRONIC POVERTY, COLLATERAL, CONSUMPTION DATA, CONSUMPTION INSURANCE, CONSUMPTION SMOOTHING, COUNTERFACTUAL, CREDIT CONSTRAINT, CREDIT MARKET, CREDIT MARKET CONSTRAINTS, CREDIT MARKETS, CREDIT PROGRAM, CREDIT PROVISION, DAILY WAGE, DEFAULT, DEFICITS, DIMENSIONS OF POVERTY, DISCOUNT, DISCOUNT RATE, DIVERSIFICATION, DURABLE, EMPLOYMENT OPPORTUNITIES, EXCHANGE, EXTREME POVERTY, EXTREME POVERTY LINE, FAMINE, FAMINES, FARM SECTOR, FARMERS, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FLEXIBLE REPAYMENT, FOOD BASKET, FOOD CONSUMPTION, FOOD COUPONS, FOOD EXPENDITURE, FOOD EXPENDITURES, FOOD INSECURITY, FOOD INTAKE, FOOD ITEMS, FOOD POVERTY, FOOD POVERTY LINE, FOOD PRICES, FOOD SECURITY, FRUITS, FUTURE, GOOD, GOODS, HAZARD, HOLDING, HOUSEHOLD CONSUMPTION, HOUSEHOLD CONSUMPTION PER CAPITA, HOUSEHOLD DISTRIBUTION, HOUSEHOLD HEAD, HOUSEHOLD INCOME, HOUSEHOLD NEEDS, HOUSEHOLD PARTICIPATION, HOUSEHOLD SURVEY, HOUSEHOLD WELFARE, HUMAN CAPITAL, INCIDENCE OF POVERTY, INCOME, INCOME FLOWS, INCOME-GENERATING ACTIVITIES, INFORMAL CREDIT, INFRASTRUCTURE DEVELOPMENT, INSURANCE, INTEREST, INTEREST RATE, INTERNATIONAL BANK, INTERNATIONAL DEVELOPMENT, LAGGING REGIONS, LAND ASSETS, LANDHOLDINGS, LENDING, LENDING PORTFOLIO, LIQUIDITY, LIQUIDITY CONSTRAINTS, LOAN, LOAN CONTRACTS, LOANS, LOCAL ECONOMIES, LOCAL ECONOMY, LOCAL INFRASTRUCTURE, LONG-TERM INVESTMENTS, MARKET, MEAL, MEASURES, MEAT, MICRO-CREDIT, MICRO-FINANCE, MICROCREDIT, MICROCREDIT PROGRAMS, MICROFINANCE, MICROFINANCE INSTITUTIONS, MILK, MORAL HAZARD, NUTRITION, POLITICAL ECONOMY, POOR, POOR BORROWERS, POOR HOUSEHOLDS, POOR WOMEN, POVERTY INCIDENCE, POVERTY LINES, POVERTY MEASURES, POVERTY PROGRAMS, POVERTY REDUCTION, POVERTY STATUS, PRIVATE INVESTMENTS, PROPERTIES, PROTEIN, PROVISION OF CREDIT, PUBLIC WORKS, PULSES, REAL INTEREST, REAL INTEREST RATE, REGION, REGIONS, REMITTANCE, REMITTANCE SERVICES, REMITTANCES, REPAYMENT SCHEDULE, RETURNS, RICE, RISK POOLING, RURAL, RURAL AREAS, RURAL DEVELOPMENT, RURAL POOR, RURAL POVERTY, RURAL POVERTY RATE, SAFETY NET, SAFETY NETS, SAVINGS, SHARE, SHARES, SMALL FARMERS, STARVATION, STOCK, TARGETING, TRANSFERS, VEGETABLES, WAGE EMPLOYMENT, WELFARE INDICATORS, WFP, WORLD FOOD PROGRAMME,
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100603164741
https://hdl.handle.net/10986/3817
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spelling dig-okr-1098638172024-08-08T16:06:10Z Seasonal and Extreme Poverty in Bangladesh : Evaluating an Ultra-Poor Microfinance Project Khalily, M.A. Baqui Khandker, Shahidur R. Samad, Hussain A. ACCESS TO FOOD AGRICULTURAL ACTIVITY AGRICULTURAL LABORERS AGRICULTURE ANTI-POVERTY ASYMMETRIC INFORMATION BASIC FOODS BENEFICIARIES BETTER ACCESS TO MARKETS BORROWERS BUDGET BUFFER STOCKS CASH TRANSFERS CHECK CHRONIC POVERTY COLLATERAL CONSUMPTION DATA CONSUMPTION INSURANCE CONSUMPTION SMOOTHING COUNTERFACTUAL CREDIT CONSTRAINT CREDIT MARKET CREDIT MARKET CONSTRAINTS CREDIT MARKETS CREDIT PROGRAM CREDIT PROVISION DAILY WAGE DEFAULT DEFICITS DIMENSIONS OF POVERTY DISCOUNT DISCOUNT RATE DIVERSIFICATION DURABLE EMPLOYMENT OPPORTUNITIES EXCHANGE EXTREME POVERTY EXTREME POVERTY LINE FAMINE FAMINES FARM SECTOR FARMERS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FLEXIBLE REPAYMENT FOOD BASKET FOOD CONSUMPTION FOOD COUPONS FOOD EXPENDITURE FOOD EXPENDITURES FOOD INSECURITY FOOD INTAKE FOOD ITEMS FOOD POVERTY FOOD POVERTY LINE FOOD PRICES FOOD SECURITY FRUITS FUTURE GOOD GOODS HAZARD HOLDING HOUSEHOLD CONSUMPTION HOUSEHOLD CONSUMPTION PER CAPITA HOUSEHOLD DISTRIBUTION HOUSEHOLD HEAD HOUSEHOLD INCOME HOUSEHOLD NEEDS HOUSEHOLD PARTICIPATION HOUSEHOLD SURVEY HOUSEHOLD WELFARE HUMAN CAPITAL INCIDENCE OF POVERTY INCOME INCOME FLOWS INCOME-GENERATING ACTIVITIES INFORMAL CREDIT INFRASTRUCTURE DEVELOPMENT INSURANCE INTEREST INTEREST RATE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT LAGGING REGIONS LAND ASSETS LANDHOLDINGS LENDING LENDING PORTFOLIO LIQUIDITY LIQUIDITY CONSTRAINTS LOAN LOAN CONTRACTS LOANS LOCAL ECONOMIES LOCAL ECONOMY LOCAL INFRASTRUCTURE LONG-TERM INVESTMENTS MARKET MEAL MEASURES MEAT MICRO-CREDIT MICRO-FINANCE MICROCREDIT MICROCREDIT PROGRAMS MICROFINANCE MICROFINANCE INSTITUTIONS MILK MORAL HAZARD NUTRITION POLITICAL ECONOMY POOR POOR BORROWERS POOR HOUSEHOLDS POOR WOMEN POVERTY INCIDENCE POVERTY LINES POVERTY MEASURES POVERTY PROGRAMS POVERTY REDUCTION POVERTY STATUS PRIVATE INVESTMENTS PROPERTIES PROTEIN PROVISION OF CREDIT PUBLIC WORKS PULSES REAL INTEREST REAL INTEREST RATE REGION REGIONS REMITTANCE REMITTANCE SERVICES REMITTANCES REPAYMENT SCHEDULE RETURNS RICE RISK POOLING RURAL RURAL AREAS RURAL DEVELOPMENT RURAL POOR RURAL POVERTY RURAL POVERTY RATE SAFETY NET SAFETY NETS SAVINGS SHARE SHARES SMALL FARMERS STARVATION STOCK TARGETING TRANSFERS VEGETABLES WAGE EMPLOYMENT WELFARE INDICATORS WFP WORLD FOOD PROGRAMME Microfinance is often criticized for not adequately addressing seasonality and hard-core poverty. In Bangladesh, a program known as PRIME was introduced in 2006 to address both concerns. Unlike regular microfinance, PRIME introduces a microfinance scheme that offers a flexible repayment schedule and consumption smoothing, as well as production, loans. It targets the ultra-poor, many of whom are also seasonally poor, with a severe inability to smooth consumption during certain months of the year. Besides providing loans, PRIME offers extension and training services. This paper uses a quasi-experimental survey design to evaluate PRIME against regular microfinance programs. The results show that PRIME is more effective than regular microfinance in reaching the ultra-poor, as well as the seasonal poor. PRIME also helps reduce seasonal deprivation and extreme poverty. Although the program has demonstrated its promise, it is too early to conclude whether the accrued benefits are large enough to contain both seasonal and chronic poverty on a sustained basis. 2012-03-19T18:40:21Z 2012-03-19T18:40:21Z 2010-06-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100603164741 https://hdl.handle.net/10986/3817 English Policy Research working paper ; no. WPS 5331 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain
institution Banco Mundial
collection DSpace
country Estados Unidos
countrycode US
component Bibliográfico
access En linea
databasecode dig-okr
tag biblioteca
region America del Norte
libraryname Biblioteca del Banco Mundial
language English
topic ACCESS TO FOOD
AGRICULTURAL ACTIVITY
AGRICULTURAL LABORERS
AGRICULTURE
ANTI-POVERTY
ASYMMETRIC INFORMATION
BASIC FOODS
BENEFICIARIES
BETTER ACCESS TO MARKETS
BORROWERS
BUDGET
BUFFER STOCKS
CASH TRANSFERS
CHECK
CHRONIC POVERTY
COLLATERAL
CONSUMPTION DATA
CONSUMPTION INSURANCE
CONSUMPTION SMOOTHING
COUNTERFACTUAL
CREDIT CONSTRAINT
CREDIT MARKET
CREDIT MARKET CONSTRAINTS
CREDIT MARKETS
CREDIT PROGRAM
CREDIT PROVISION
DAILY WAGE
DEFAULT
DEFICITS
DIMENSIONS OF POVERTY
DISCOUNT
DISCOUNT RATE
DIVERSIFICATION
DURABLE
EMPLOYMENT OPPORTUNITIES
EXCHANGE
EXTREME POVERTY
EXTREME POVERTY LINE
FAMINE
FAMINES
FARM SECTOR
FARMERS
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FLEXIBLE REPAYMENT
FOOD BASKET
FOOD CONSUMPTION
FOOD COUPONS
FOOD EXPENDITURE
FOOD EXPENDITURES
FOOD INSECURITY
FOOD INTAKE
FOOD ITEMS
FOOD POVERTY
FOOD POVERTY LINE
FOOD PRICES
FOOD SECURITY
FRUITS
FUTURE
GOOD
GOODS
HAZARD
HOLDING
HOUSEHOLD CONSUMPTION
HOUSEHOLD CONSUMPTION PER CAPITA
HOUSEHOLD DISTRIBUTION
HOUSEHOLD HEAD
HOUSEHOLD INCOME
HOUSEHOLD NEEDS
HOUSEHOLD PARTICIPATION
HOUSEHOLD SURVEY
HOUSEHOLD WELFARE
HUMAN CAPITAL
INCIDENCE OF POVERTY
INCOME
INCOME FLOWS
INCOME-GENERATING ACTIVITIES
INFORMAL CREDIT
INFRASTRUCTURE DEVELOPMENT
INSURANCE
INTEREST
INTEREST RATE
INTERNATIONAL BANK
INTERNATIONAL DEVELOPMENT
LAGGING REGIONS
LAND ASSETS
LANDHOLDINGS
LENDING
LENDING PORTFOLIO
LIQUIDITY
LIQUIDITY CONSTRAINTS
LOAN
LOAN CONTRACTS
LOANS
LOCAL ECONOMIES
LOCAL ECONOMY
LOCAL INFRASTRUCTURE
LONG-TERM INVESTMENTS
MARKET
MEAL
MEASURES
MEAT
MICRO-CREDIT
MICRO-FINANCE
MICROCREDIT
MICROCREDIT PROGRAMS
MICROFINANCE
MICROFINANCE INSTITUTIONS
MILK
MORAL HAZARD
NUTRITION
POLITICAL ECONOMY
POOR
POOR BORROWERS
POOR HOUSEHOLDS
POOR WOMEN
POVERTY INCIDENCE
POVERTY LINES
POVERTY MEASURES
POVERTY PROGRAMS
POVERTY REDUCTION
POVERTY STATUS
PRIVATE INVESTMENTS
PROPERTIES
PROTEIN
PROVISION OF CREDIT
PUBLIC WORKS
PULSES
REAL INTEREST
REAL INTEREST RATE
REGION
REGIONS
REMITTANCE
REMITTANCE SERVICES
REMITTANCES
REPAYMENT SCHEDULE
RETURNS
RICE
RISK POOLING
RURAL
RURAL AREAS
RURAL DEVELOPMENT
RURAL POOR
RURAL POVERTY
RURAL POVERTY RATE
SAFETY NET
SAFETY NETS
SAVINGS
SHARE
SHARES
SMALL FARMERS
STARVATION
STOCK
TARGETING
TRANSFERS
VEGETABLES
WAGE EMPLOYMENT
WELFARE INDICATORS
WFP
WORLD FOOD PROGRAMME
ACCESS TO FOOD
AGRICULTURAL ACTIVITY
AGRICULTURAL LABORERS
AGRICULTURE
ANTI-POVERTY
ASYMMETRIC INFORMATION
BASIC FOODS
BENEFICIARIES
BETTER ACCESS TO MARKETS
BORROWERS
BUDGET
BUFFER STOCKS
CASH TRANSFERS
CHECK
CHRONIC POVERTY
COLLATERAL
CONSUMPTION DATA
CONSUMPTION INSURANCE
CONSUMPTION SMOOTHING
COUNTERFACTUAL
CREDIT CONSTRAINT
CREDIT MARKET
CREDIT MARKET CONSTRAINTS
CREDIT MARKETS
CREDIT PROGRAM
CREDIT PROVISION
DAILY WAGE
DEFAULT
DEFICITS
DIMENSIONS OF POVERTY
DISCOUNT
DISCOUNT RATE
DIVERSIFICATION
DURABLE
EMPLOYMENT OPPORTUNITIES
EXCHANGE
EXTREME POVERTY
EXTREME POVERTY LINE
FAMINE
FAMINES
FARM SECTOR
FARMERS
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FLEXIBLE REPAYMENT
FOOD BASKET
FOOD CONSUMPTION
FOOD COUPONS
FOOD EXPENDITURE
FOOD EXPENDITURES
FOOD INSECURITY
FOOD INTAKE
FOOD ITEMS
FOOD POVERTY
FOOD POVERTY LINE
FOOD PRICES
FOOD SECURITY
FRUITS
FUTURE
GOOD
GOODS
HAZARD
HOLDING
HOUSEHOLD CONSUMPTION
HOUSEHOLD CONSUMPTION PER CAPITA
HOUSEHOLD DISTRIBUTION
HOUSEHOLD HEAD
HOUSEHOLD INCOME
HOUSEHOLD NEEDS
HOUSEHOLD PARTICIPATION
HOUSEHOLD SURVEY
HOUSEHOLD WELFARE
HUMAN CAPITAL
INCIDENCE OF POVERTY
INCOME
INCOME FLOWS
INCOME-GENERATING ACTIVITIES
INFORMAL CREDIT
INFRASTRUCTURE DEVELOPMENT
INSURANCE
INTEREST
INTEREST RATE
INTERNATIONAL BANK
INTERNATIONAL DEVELOPMENT
LAGGING REGIONS
LAND ASSETS
LANDHOLDINGS
LENDING
LENDING PORTFOLIO
LIQUIDITY
LIQUIDITY CONSTRAINTS
LOAN
LOAN CONTRACTS
LOANS
LOCAL ECONOMIES
LOCAL ECONOMY
LOCAL INFRASTRUCTURE
LONG-TERM INVESTMENTS
MARKET
MEAL
MEASURES
MEAT
MICRO-CREDIT
MICRO-FINANCE
MICROCREDIT
MICROCREDIT PROGRAMS
MICROFINANCE
MICROFINANCE INSTITUTIONS
MILK
MORAL HAZARD
NUTRITION
POLITICAL ECONOMY
POOR
POOR BORROWERS
POOR HOUSEHOLDS
POOR WOMEN
POVERTY INCIDENCE
POVERTY LINES
POVERTY MEASURES
POVERTY PROGRAMS
POVERTY REDUCTION
POVERTY STATUS
PRIVATE INVESTMENTS
PROPERTIES
PROTEIN
PROVISION OF CREDIT
PUBLIC WORKS
PULSES
REAL INTEREST
REAL INTEREST RATE
REGION
REGIONS
REMITTANCE
REMITTANCE SERVICES
REMITTANCES
REPAYMENT SCHEDULE
RETURNS
RICE
RISK POOLING
RURAL
RURAL AREAS
RURAL DEVELOPMENT
RURAL POOR
RURAL POVERTY
RURAL POVERTY RATE
SAFETY NET
SAFETY NETS
SAVINGS
SHARE
SHARES
SMALL FARMERS
STARVATION
STOCK
TARGETING
TRANSFERS
VEGETABLES
WAGE EMPLOYMENT
WELFARE INDICATORS
WFP
WORLD FOOD PROGRAMME
spellingShingle ACCESS TO FOOD
AGRICULTURAL ACTIVITY
AGRICULTURAL LABORERS
AGRICULTURE
ANTI-POVERTY
ASYMMETRIC INFORMATION
BASIC FOODS
BENEFICIARIES
BETTER ACCESS TO MARKETS
BORROWERS
BUDGET
BUFFER STOCKS
CASH TRANSFERS
CHECK
CHRONIC POVERTY
COLLATERAL
CONSUMPTION DATA
CONSUMPTION INSURANCE
CONSUMPTION SMOOTHING
COUNTERFACTUAL
CREDIT CONSTRAINT
CREDIT MARKET
CREDIT MARKET CONSTRAINTS
CREDIT MARKETS
CREDIT PROGRAM
CREDIT PROVISION
DAILY WAGE
DEFAULT
DEFICITS
DIMENSIONS OF POVERTY
DISCOUNT
DISCOUNT RATE
DIVERSIFICATION
DURABLE
EMPLOYMENT OPPORTUNITIES
EXCHANGE
EXTREME POVERTY
EXTREME POVERTY LINE
FAMINE
FAMINES
FARM SECTOR
FARMERS
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FLEXIBLE REPAYMENT
FOOD BASKET
FOOD CONSUMPTION
FOOD COUPONS
FOOD EXPENDITURE
FOOD EXPENDITURES
FOOD INSECURITY
FOOD INTAKE
FOOD ITEMS
FOOD POVERTY
FOOD POVERTY LINE
FOOD PRICES
FOOD SECURITY
FRUITS
FUTURE
GOOD
GOODS
HAZARD
HOLDING
HOUSEHOLD CONSUMPTION
HOUSEHOLD CONSUMPTION PER CAPITA
HOUSEHOLD DISTRIBUTION
HOUSEHOLD HEAD
HOUSEHOLD INCOME
HOUSEHOLD NEEDS
HOUSEHOLD PARTICIPATION
HOUSEHOLD SURVEY
HOUSEHOLD WELFARE
HUMAN CAPITAL
INCIDENCE OF POVERTY
INCOME
INCOME FLOWS
INCOME-GENERATING ACTIVITIES
INFORMAL CREDIT
INFRASTRUCTURE DEVELOPMENT
INSURANCE
INTEREST
INTEREST RATE
INTERNATIONAL BANK
INTERNATIONAL DEVELOPMENT
LAGGING REGIONS
LAND ASSETS
LANDHOLDINGS
LENDING
LENDING PORTFOLIO
LIQUIDITY
LIQUIDITY CONSTRAINTS
LOAN
LOAN CONTRACTS
LOANS
LOCAL ECONOMIES
LOCAL ECONOMY
LOCAL INFRASTRUCTURE
LONG-TERM INVESTMENTS
MARKET
MEAL
MEASURES
MEAT
MICRO-CREDIT
MICRO-FINANCE
MICROCREDIT
MICROCREDIT PROGRAMS
MICROFINANCE
MICROFINANCE INSTITUTIONS
MILK
MORAL HAZARD
NUTRITION
POLITICAL ECONOMY
POOR
POOR BORROWERS
POOR HOUSEHOLDS
POOR WOMEN
POVERTY INCIDENCE
POVERTY LINES
POVERTY MEASURES
POVERTY PROGRAMS
POVERTY REDUCTION
POVERTY STATUS
PRIVATE INVESTMENTS
PROPERTIES
PROTEIN
PROVISION OF CREDIT
PUBLIC WORKS
PULSES
REAL INTEREST
REAL INTEREST RATE
REGION
REGIONS
REMITTANCE
REMITTANCE SERVICES
REMITTANCES
REPAYMENT SCHEDULE
RETURNS
RICE
RISK POOLING
RURAL
RURAL AREAS
RURAL DEVELOPMENT
RURAL POOR
RURAL POVERTY
RURAL POVERTY RATE
SAFETY NET
SAFETY NETS
SAVINGS
SHARE
SHARES
SMALL FARMERS
STARVATION
STOCK
TARGETING
TRANSFERS
VEGETABLES
WAGE EMPLOYMENT
WELFARE INDICATORS
WFP
WORLD FOOD PROGRAMME
ACCESS TO FOOD
AGRICULTURAL ACTIVITY
AGRICULTURAL LABORERS
AGRICULTURE
ANTI-POVERTY
ASYMMETRIC INFORMATION
BASIC FOODS
BENEFICIARIES
BETTER ACCESS TO MARKETS
BORROWERS
BUDGET
BUFFER STOCKS
CASH TRANSFERS
CHECK
CHRONIC POVERTY
COLLATERAL
CONSUMPTION DATA
CONSUMPTION INSURANCE
CONSUMPTION SMOOTHING
COUNTERFACTUAL
CREDIT CONSTRAINT
CREDIT MARKET
CREDIT MARKET CONSTRAINTS
CREDIT MARKETS
CREDIT PROGRAM
CREDIT PROVISION
DAILY WAGE
DEFAULT
DEFICITS
DIMENSIONS OF POVERTY
DISCOUNT
DISCOUNT RATE
DIVERSIFICATION
DURABLE
EMPLOYMENT OPPORTUNITIES
EXCHANGE
EXTREME POVERTY
EXTREME POVERTY LINE
FAMINE
FAMINES
FARM SECTOR
FARMERS
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FLEXIBLE REPAYMENT
FOOD BASKET
FOOD CONSUMPTION
FOOD COUPONS
FOOD EXPENDITURE
FOOD EXPENDITURES
FOOD INSECURITY
FOOD INTAKE
FOOD ITEMS
FOOD POVERTY
FOOD POVERTY LINE
FOOD PRICES
FOOD SECURITY
FRUITS
FUTURE
GOOD
GOODS
HAZARD
HOLDING
HOUSEHOLD CONSUMPTION
HOUSEHOLD CONSUMPTION PER CAPITA
HOUSEHOLD DISTRIBUTION
HOUSEHOLD HEAD
HOUSEHOLD INCOME
HOUSEHOLD NEEDS
HOUSEHOLD PARTICIPATION
HOUSEHOLD SURVEY
HOUSEHOLD WELFARE
HUMAN CAPITAL
INCIDENCE OF POVERTY
INCOME
INCOME FLOWS
INCOME-GENERATING ACTIVITIES
INFORMAL CREDIT
INFRASTRUCTURE DEVELOPMENT
INSURANCE
INTEREST
INTEREST RATE
INTERNATIONAL BANK
INTERNATIONAL DEVELOPMENT
LAGGING REGIONS
LAND ASSETS
LANDHOLDINGS
LENDING
LENDING PORTFOLIO
LIQUIDITY
LIQUIDITY CONSTRAINTS
LOAN
LOAN CONTRACTS
LOANS
LOCAL ECONOMIES
LOCAL ECONOMY
LOCAL INFRASTRUCTURE
LONG-TERM INVESTMENTS
MARKET
MEAL
MEASURES
MEAT
MICRO-CREDIT
MICRO-FINANCE
MICROCREDIT
MICROCREDIT PROGRAMS
MICROFINANCE
MICROFINANCE INSTITUTIONS
MILK
MORAL HAZARD
NUTRITION
POLITICAL ECONOMY
POOR
POOR BORROWERS
POOR HOUSEHOLDS
POOR WOMEN
POVERTY INCIDENCE
POVERTY LINES
POVERTY MEASURES
POVERTY PROGRAMS
POVERTY REDUCTION
POVERTY STATUS
PRIVATE INVESTMENTS
PROPERTIES
PROTEIN
PROVISION OF CREDIT
PUBLIC WORKS
PULSES
REAL INTEREST
REAL INTEREST RATE
REGION
REGIONS
REMITTANCE
REMITTANCE SERVICES
REMITTANCES
REPAYMENT SCHEDULE
RETURNS
RICE
RISK POOLING
RURAL
RURAL AREAS
RURAL DEVELOPMENT
RURAL POOR
RURAL POVERTY
RURAL POVERTY RATE
SAFETY NET
SAFETY NETS
SAVINGS
SHARE
SHARES
SMALL FARMERS
STARVATION
STOCK
TARGETING
TRANSFERS
VEGETABLES
WAGE EMPLOYMENT
WELFARE INDICATORS
WFP
WORLD FOOD PROGRAMME
Khalily, M.A. Baqui
Khandker, Shahidur R.
Samad, Hussain A.
Seasonal and Extreme Poverty in Bangladesh : Evaluating an Ultra-Poor Microfinance Project
description Microfinance is often criticized for not adequately addressing seasonality and hard-core poverty. In Bangladesh, a program known as PRIME was introduced in 2006 to address both concerns. Unlike regular microfinance, PRIME introduces a microfinance scheme that offers a flexible repayment schedule and consumption smoothing, as well as production, loans. It targets the ultra-poor, many of whom are also seasonally poor, with a severe inability to smooth consumption during certain months of the year. Besides providing loans, PRIME offers extension and training services. This paper uses a quasi-experimental survey design to evaluate PRIME against regular microfinance programs. The results show that PRIME is more effective than regular microfinance in reaching the ultra-poor, as well as the seasonal poor. PRIME also helps reduce seasonal deprivation and extreme poverty. Although the program has demonstrated its promise, it is too early to conclude whether the accrued benefits are large enough to contain both seasonal and chronic poverty on a sustained basis.
topic_facet ACCESS TO FOOD
AGRICULTURAL ACTIVITY
AGRICULTURAL LABORERS
AGRICULTURE
ANTI-POVERTY
ASYMMETRIC INFORMATION
BASIC FOODS
BENEFICIARIES
BETTER ACCESS TO MARKETS
BORROWERS
BUDGET
BUFFER STOCKS
CASH TRANSFERS
CHECK
CHRONIC POVERTY
COLLATERAL
CONSUMPTION DATA
CONSUMPTION INSURANCE
CONSUMPTION SMOOTHING
COUNTERFACTUAL
CREDIT CONSTRAINT
CREDIT MARKET
CREDIT MARKET CONSTRAINTS
CREDIT MARKETS
CREDIT PROGRAM
CREDIT PROVISION
DAILY WAGE
DEFAULT
DEFICITS
DIMENSIONS OF POVERTY
DISCOUNT
DISCOUNT RATE
DIVERSIFICATION
DURABLE
EMPLOYMENT OPPORTUNITIES
EXCHANGE
EXTREME POVERTY
EXTREME POVERTY LINE
FAMINE
FAMINES
FARM SECTOR
FARMERS
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FLEXIBLE REPAYMENT
FOOD BASKET
FOOD CONSUMPTION
FOOD COUPONS
FOOD EXPENDITURE
FOOD EXPENDITURES
FOOD INSECURITY
FOOD INTAKE
FOOD ITEMS
FOOD POVERTY
FOOD POVERTY LINE
FOOD PRICES
FOOD SECURITY
FRUITS
FUTURE
GOOD
GOODS
HAZARD
HOLDING
HOUSEHOLD CONSUMPTION
HOUSEHOLD CONSUMPTION PER CAPITA
HOUSEHOLD DISTRIBUTION
HOUSEHOLD HEAD
HOUSEHOLD INCOME
HOUSEHOLD NEEDS
HOUSEHOLD PARTICIPATION
HOUSEHOLD SURVEY
HOUSEHOLD WELFARE
HUMAN CAPITAL
INCIDENCE OF POVERTY
INCOME
INCOME FLOWS
INCOME-GENERATING ACTIVITIES
INFORMAL CREDIT
INFRASTRUCTURE DEVELOPMENT
INSURANCE
INTEREST
INTEREST RATE
INTERNATIONAL BANK
INTERNATIONAL DEVELOPMENT
LAGGING REGIONS
LAND ASSETS
LANDHOLDINGS
LENDING
LENDING PORTFOLIO
LIQUIDITY
LIQUIDITY CONSTRAINTS
LOAN
LOAN CONTRACTS
LOANS
LOCAL ECONOMIES
LOCAL ECONOMY
LOCAL INFRASTRUCTURE
LONG-TERM INVESTMENTS
MARKET
MEAL
MEASURES
MEAT
MICRO-CREDIT
MICRO-FINANCE
MICROCREDIT
MICROCREDIT PROGRAMS
MICROFINANCE
MICROFINANCE INSTITUTIONS
MILK
MORAL HAZARD
NUTRITION
POLITICAL ECONOMY
POOR
POOR BORROWERS
POOR HOUSEHOLDS
POOR WOMEN
POVERTY INCIDENCE
POVERTY LINES
POVERTY MEASURES
POVERTY PROGRAMS
POVERTY REDUCTION
POVERTY STATUS
PRIVATE INVESTMENTS
PROPERTIES
PROTEIN
PROVISION OF CREDIT
PUBLIC WORKS
PULSES
REAL INTEREST
REAL INTEREST RATE
REGION
REGIONS
REMITTANCE
REMITTANCE SERVICES
REMITTANCES
REPAYMENT SCHEDULE
RETURNS
RICE
RISK POOLING
RURAL
RURAL AREAS
RURAL DEVELOPMENT
RURAL POOR
RURAL POVERTY
RURAL POVERTY RATE
SAFETY NET
SAFETY NETS
SAVINGS
SHARE
SHARES
SMALL FARMERS
STARVATION
STOCK
TARGETING
TRANSFERS
VEGETABLES
WAGE EMPLOYMENT
WELFARE INDICATORS
WFP
WORLD FOOD PROGRAMME
author Khalily, M.A. Baqui
Khandker, Shahidur R.
Samad, Hussain A.
author_facet Khalily, M.A. Baqui
Khandker, Shahidur R.
Samad, Hussain A.
author_sort Khalily, M.A. Baqui
title Seasonal and Extreme Poverty in Bangladesh : Evaluating an Ultra-Poor Microfinance Project
title_short Seasonal and Extreme Poverty in Bangladesh : Evaluating an Ultra-Poor Microfinance Project
title_full Seasonal and Extreme Poverty in Bangladesh : Evaluating an Ultra-Poor Microfinance Project
title_fullStr Seasonal and Extreme Poverty in Bangladesh : Evaluating an Ultra-Poor Microfinance Project
title_full_unstemmed Seasonal and Extreme Poverty in Bangladesh : Evaluating an Ultra-Poor Microfinance Project
title_sort seasonal and extreme poverty in bangladesh : evaluating an ultra-poor microfinance project
publishDate 2010-06-01
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100603164741
https://hdl.handle.net/10986/3817
work_keys_str_mv AT khalilymabaqui seasonalandextremepovertyinbangladeshevaluatinganultrapoormicrofinanceproject
AT khandkershahidurr seasonalandextremepovertyinbangladeshevaluatinganultrapoormicrofinanceproject
AT samadhussaina seasonalandextremepovertyinbangladeshevaluatinganultrapoormicrofinanceproject
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