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dc.contributor.authorIdris, Iffat
dc.coverage.spatialBangladeshen
dc.coverage.spatialMyanmaren
dc.coverage.spatialNepalen
dc.date.accessioned2020-05-28T16:23:46Z
dc.date.available2020-05-28T16:23:46Z
dc.date.issued2020-05-28
dc.identifier.citationIdris, I. (2020) Interventions to Combat High-Interest Informal Moneylending, CLARISSA Emerging Evidence Report 1, Brighton: Institute of Development Studiesen
dc.identifier.isbn978-1-78118-636-7
dc.identifier.urihttps://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/15360
dc.description.abstractThis Emerging Evidence Report acknowledges that high-interest informal moneylending can serve a useful purpose in developing countries, helping those without the means to access credit from formal financial institutions. However, the high charges for these informal loans can lead to people being caught in a debt trap and losing their assets. Promoting access to credit for the poor through microfinance institutions (MFIs) has advantages and disadvantages. Microcredit can bypass the ultra-poor or, alternatively, it may be given to those unable to repay the loans, trapping them deeper in poverty or even lead to people using high-interest informal moneylenders to pay back the MFI loans. Community-based financial organisations (CBFOs) generally rely on people forming savings groups and recycling the funds as loans. They may promote a savings culture, but there is little evidence of their impact specifically on people’s use of high-interest informal moneylending. This Emerging Evidence Report concludes that more research is needed on how high-interest informal moneylending operates in different contexts, and what interventions could be effective in combating it.en
dc.description.sponsorshipUK Department for International Developmenten
dc.language.isoenen
dc.publisherInstitute of Development Studiesen
dc.relation.ispartofseriesCLARISSA Emerging Evidence Report;1
dc.rightsThis is an Open Access paper distributed under the terms of the Creative Commons Attribution 4.0 International licence (CC BY), which permits unrestricted use, distribution, and reproduction in any medium, provided the original authors and source are credited and any modifications or adaptations are indicated.en
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectFinanceen
dc.subjectPovertyen
dc.titleInterventions to Combat High-Interest Informal Moneylendingen
dc.typeSeries paper (non-IDS)en
dc.rights.holderInstitute of Development Studiesen
dc.identifier.teamParticipationen
rioxxterms.funderDefault funderen
rioxxterms.identifier.projectDefault projecten
rioxxterms.versionVoRen
rioxxterms.funder.projectd218e59e-c0fb-4cb3-8a07-92a57da72cd1en


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This is an Open Access paper distributed under the terms of the Creative Commons Attribution 4.0 International licence (CC BY), which permits unrestricted use, distribution, and reproduction in any medium, provided the original authors and source are credited and any modifications or adaptations are indicated.
Except where otherwise noted, this item's license is described as This is an Open Access paper distributed under the terms of the Creative Commons Attribution 4.0 International licence (CC BY), which permits unrestricted use, distribution, and reproduction in any medium, provided the original authors and source are credited and any modifications or adaptations are indicated.