contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
A Modified Househol...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
Impact Evaluation: ...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
Quantitative Impact...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
OVERCOMINGTHE FUNGI...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
TheHousehold Econom...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
TheHousehold Econom...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
TheModifiedHousehol...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
OVERCOMINGTHE PROBL...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
Financialdiariesinm...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
Time-use diaries in...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
COMBININGTHE FINANC...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
Case Studiesin Cair...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
Mabroukahadnomoney...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
Bykeepingthehousec...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
Limitations 
Costl...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
Conclusion 
Develo...
contact@e-mfp.eu 
www.e-mfp.eu 
#emw2014 
EUROPEAN 
MICROFINANCE WEEK 2014 
DEVELOPING BETTER MARKETS 
ThankYou 
hayyan.al...
Prochain SlideShare
Chargement dans…5
×

Emw2014 hayyan alia

1 565 vues

Publié le

  • Soyez le premier à commenter

Emw2014 hayyan alia

  1. 1. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS A Modified Household Economic Portfolio Model for Assessing Impact of Microfinance Using Diaries Hayyan ALIA*, ArvindASHTA**, ZakaRATSIMALAHELO* *University of Franche-Comte, France **Burgundy School of Business, France Our thanks to the BanquePopulaireChair in microfinance of the Burgundy School of Business and the Burgundy Regional Council for partial financing
  2. 2. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Impact Evaluation: Quantitative VS Qualitative The Quantitative Evaluationsneedto solvethe attribution problem The Qualitative Evaluationslook at the process Quantitative Question Is there "statistically" an impact of MF or not? Qualitative Question How the intervention of MF could have led to the observed impact?
  3. 3. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Quantitative Impact Evaluation Problems Money is fungible by nature. There are no formal records of informal income. Solutions Continues monitoring. Focus on consumption and itssmoothening. Methods Frequent observations. Flexible surveys. Karlan(2011), in the Handbook of Microfinance But it remains expensive
  4. 4. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS OVERCOMINGTHE FUNGIBILITYPROBLEM
  5. 5. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS TheHousehold Economic Portfolio Model (HEP) The(HEP)modelofChenandDunn(1996)ishighlyinterestingasitovercomesthefungibilityproblem. TheHEPwaspublishedin1996asatheoreticalconceptualmodelinadeskstudyby(USAID). Sinceitscreation,theHEPhasbeencitedinmanystudies(Hulme,1997,2000;Jacobsen,2006; Gobezie,2007;Al-Mamun,2010,2011). TheHEPsuffersfromsomelimitationsthatmaketheimplementationofitquitecomplex.
  6. 6. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS TheHousehold Economic Portfolio Model (HEP)
  7. 7. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS TheModifiedHouseholdEconomicPortfolioModel(M-HEP)
  8. 8. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS OVERCOMINGTHE PROBLEMOF ABSENCE OF FORMALRECORDS Diaries= dailyrecord Diaries(fromlatin dies = day) Journal (FromFrench jour =day)
  9. 9. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Financialdiariesinmicrofinanceresearch Used for the first time in 1999-2000 (Rutherford, 2002). Used in a lot of recent work (Rutherford, 2002; Collins, 2008; Collins et. al., 2009; Gammage, 2010). Focused on financial transactions of the poor Despitetheinfluentialinsightsproducedbythefinancialdiaries,thesediariesalonearenotenoughforconstructingcompleteportfolios. Non-economicactiviesandleisurearealsopartofthetotalwelfare(Juster& Stafford,1991;Merz/Rathjen2009). Intrahouseholdsrelationsnotshowinthediaries(Hudon,2010).In-kindtransactionsnotshown(Vincent&Cull, 2011).
  10. 10. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Time-use diaries in microfinance research..? Sincethelate1970s,alotofworkhasbeendoneonresearchingthetime-allocationbehaviorindevelopingcountriesespeciallyforwomen. Veryfewstudiesinmicrofinancehaveresearchedthetimeallocationoftheclients(Pitt,2000;Mahmud, 2003;Garikipati,2008). Time-Use Diaries
  11. 11. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS COMBININGTHE FINANCIAL AND TIME DIARIES
  12. 12. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Case Studiesin Cairo Wehavecollectedfinancialandatime-usediariesfromasampleofpoorwomeninEgyptinAugust2013. Eachdiaristkeptbothdiariesfor14daysinArabic. Thesenon-stylizeddiarieswerethenenteredintoanexcelsheet,whichthenconstitutedourdatabase.
  13. 13. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS MabroukahadnomoneyandverylittleornofinancialactivityonAugust8toAugust11.Onthesethreedaysshesleptalot(Aug8,9and10). ShecleanedalotonAugust8and9,preparedalotoffoodonAugust10andwatchedalotTVonAugust11. Allofthese,exceptfortheTVareunpaidjobs. Thereseemstobeacorrespondencebetweenthematterofgettingpaidandthespendingoftimeonunpaidjobs.Whenonegoesup,theothergoesdown. Findingsfromthe combineddiaryof Mabrouka
  14. 14. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Bykeepingthehouseclean(unpaidjob),sheistryingtomaintainthevalueofherphysicalcapital. Byspendingaround9%ofhertimeontheunpaidjobofpreparingfood(whichmountsto40%ifweincludethegroceryshoppingactivity),andbyspendingonfood74%outofhertotalexpenditure, shemaintainsherhumancapital. Inaddition,aswecanseefromthetime-usediary, bymeetingpeopleonthestreetsandintheirhomes,Mabroukaisretainingherhumancapital(network)andbywatchingTVsheisaddingtohertotaleducationandremaininginformed. Findingsfromthe combineddiaryof Mabrouka
  15. 15. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Limitations Costlyapproach,thusonlytheheadofthehouseholdwasstudiedinourcase. Diarydataanalysisisnoteasy,butprovidesrichinformationasourcasestudyshows. Moreover,theuseofnon-stylizeddiaries: Willleadtoahighcodingcostforthedifferentactivities,againconfirmedbyourcasestudy. Also,somerespondentsbecometoogeneralandthereforebecomeuninteresting. Comparabilityissues.
  16. 16. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Conclusion Developingimpactevaluationtoolsinmicrofinance. Thepoor,aswell,areexpectedtobenefitfromthediarytoolsthatmakethembetterawareoftheireconomicbehaviors. DonorsandsociallyresponsibleinvestorswouldbeinterestedinoutcomesoftheM-HEPthatcouldhelpforbetterunderstandingtheprocessofcreatingimpactinmicrofinance. The use of combined financial and time diaries contribute to:
  17. 17. contact@e-mfp.eu www.e-mfp.eu #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS ThankYou hayyan.alia@escdijon.eu

×