Seasonality and Microcredit The Case of Northern Bangladesh
The mismatch between credit repayments and income seasonality can create serious distortions. However, typically Micro-Finance Institutes (MFIs) do not provide any adjustments due to the income seasonality. For instance in Northern Bangladesh, Income and
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Abu S. Shonchoy Editor
Seasonality and Microcredit The Case of Northern Bangladesh
SpringerBriefs in Economics
For further volumes: http://www.springer.com/series/8876
Abu S. Shonchoy Editor
Seasonality and Microcredit The Case of Northern Bangladesh
123
Editor Abu S. Shonchoy Institute of Developing Economies Japan External Trade Organization Chiba Japan
ISSN 2191-5504 ISSN 2191-5512 (electronic) ISBN 978-4-431-55009-9 ISBN 978-4-431-55010-5 (eBook) DOI 10.1007/978-4-431-55010-5 Springer Tokyo Heidelberg New York Dordrecht London Library of Congress Control Number: 2014940521 IDE-JETRO 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
To my parents and my family, Liza and Zunairah
Foreword
Seasonality and its impacts can be widespread for rural people dependent on agriculture in developing countries. Microfinance, which has been substantially contributing to poverty reduction in the context of Bangladesh, has great potential in reducing seasonal deprivation arising from agricultural cycles, which is characterized by lack of income opportunities, low wages, and high food prices. However, prototype microfinance requiring weekly repayments and regular meeting attendance do not appear to be consistent with the situation people face during the seaso
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