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Access to Microfinance Institutions and Official Banks and the Impact on Small Business in Togo

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  • Koffi Sodokin

Abstract

This paper aims to analyze the impact of access to a microfinance institution and official banks on households’ small businesses in Togo. The study uses data from the Harmonized Survey of Household Living Conditions conducted in 2019 by the National Institute of Statistics, Economic and Demographic Studies on 27,480 individuals and 6,171 households in Togo. The paper uses propensity score matching. The results show that credit access improves households’ small businesses, particularly in Togo’s agriculture sector.

Suggested Citation

  • Koffi Sodokin, 2022. "Access to Microfinance Institutions and Official Banks and the Impact on Small Business in Togo," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 14(1), pages 1-46, January.
    • Handle: RePEc:ibn:ijefaa:v:14:y:2022:i:1:p:46
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    References listed on IDEAS

    as
    1. Asad K. Ghalib & Issam Malki & Katsushi S. Imai, 2011. "The Impact of Microfinance and its Role in Easing Poverty of Rural Households: Estimations from Pakistan," Discussion Paper Series DP2011-28, Research Institute for Economics & Business Administration, Kobe University.
    2. Bao Duong, Pham & Izumida, Yoichi, 2002. "Rural Development Finance in Vietnam: A Microeconometric Analysis of Household Surveys," World Development, Elsevier, vol. 30(2), pages 319-335, February.
    3. Raihan, Selim & Osmani, S.R. & Khalily, M.A. Baqui, 2017. "The macro impact of microfinance in Bangladesh: A CGE analysis," Economic Modelling, Elsevier, vol. 62(C), pages 1-15.
    4. Koffi Sodokin, 2021. "Comparative analysis, cash transfers, household investment and inequality reduction in Togo," Applied Economics, Taylor & Francis Journals, vol. 53(23), pages 2598-2614, May.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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