Micro-credit impact in Kyrgyzstan: A study case

Microcredit has expanded rapidly since its beginnings in the last 1970s, but whether and how much it reduces poverty is the subject of intense debate. Generally it depends on how the program is implemented and the set of policies that regulate it. In this spirit, microcredit impacts in the Kyrgyz Re...

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Bibliographic Details
Published inIDEAS Working Paper Series from RePEc
Main Authors Angioloni, Simone, Kudabaev, Zarylbek, Ames, Glenn CW, Wetzstein, Michael E
Format Paper
LanguageEnglish
Published St. Louis Federal Reserve Bank of St. Louis 01.01.2013
Subjects
Microfinance
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Summary:Microcredit has expanded rapidly since its beginnings in the last 1970s, but whether and how much it reduces poverty is the subject of intense debate. Generally it depends on how the program is implemented and the set of policies that regulate it. In this spirit, microcredit impacts in the Kyrgyz Republic are investigated and a modest program evaluation undertaken. Using data set for 5012 households from the Kyrgyzstan Integrated Household Survey (KIHS) that covers 2006-2010. Results indicate micro-credit is more driven forward durable assets as house, land, and to start a new business and less to fight against food insecurity.