International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1568
Status : Paper published
Language : Turkish
Topic : Finance and Financial Crises
Presenter: Dr. Kadyrbek Sultakeev
Session : 1D Finans I
The Impact of Microfinance on Poverty: Evidence from Kyrgyzstan
Kırgızistan’da Mikro Finans Uygulamasının Yoksulluk Üzerindeki Etkisi
- Dr. Kadyrbek Sultakeev (Kyrgyz-Turkish Manas University, Kyrgyzstan)
- Assoc. Prof. Dr. Metin Bayrak (Kyrgyz-Turkish Manas University, Türkiye)
Abstract
Nowadays, the microfinance market is growing rapidly. Microfinance is becoming more common in the Kyrgyzstan market, complementing the traditional banking segment. However, how much microfinance affected the poverty is a subject for debate. Giving low income household money may lift them out of poverty for a short period of time but when the credit is spent borrowers fall back into poverty. The aim of the study was to analyze the impact of microfinance practices on poverty in Kyrgyzstan. The data were obtained from 521 microfinance clients in all districts and two largest cities. These are: Chuy, Naryn, Talas, Jalal Abad, Osh, Batken districts and Osh and Bishkek cities. A logit regressional analysis was used to determine the variables that affected poverty in Kyrgyzstan.
JEL codes: G21, G23, O15
Sultakeev, Kadyrbek, Bayrak, Metin (2016). "The Impact of Microfinance on Poverty: Evidence from Kyrgyzstan" in Proceedings of International Conference of Eurasian Economies 2016, pp.533-538, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01568
