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Microfinance dans les pays du Sud : quelle compatibilité entre solidarité et pérennité

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  • Isabelle Guérin

Abstract

[eng] Microfinance in the developing countries. The current emphasis on financial sustainability can not be dissociated from the solidarity issue. This paper utilizes case studies to explore the compatibility between sustainability and solidarity. With regard to the risks issues, group lending schemes seems to be the best solution. A high degree of social connectedness facilitates action, coordination, effective sanctions and reduction of transaction costs. But empirical evidences give some insights on the conditions under which groups perform well or badly. With regard to the costs issues, two alternatives are considered : self-management programs and partnerships between financial institutions and associations. In the first one, sustainability and solidarity are joined together. In the second one, they are dissociated. . JEL Classification : D63, O16 [fre] Si la question de la pérennité des dispositifs de microfinance est aujourd’hui centrale, elle peut difficilement être dissociée de la question de la solidarité. À partir d’études de cas, cet article propose d’analyser dans quelles mesures pérennité et solidarité sont compatibles, tant en ce qui concerne la gestion des risques que la gestion des coûts. Concernant la gestion des risques, le crédit solidaire, basé sur la responsabilité conjointe des emprunteurs, est aujourd’hui l’instrument privilégié. La pratique montre toutefois que plusieurs conditions sont nécessaires pour que le groupe puisse jouer un rôle effectif d’autosélection et d’incitation. Concernant la gestion des coûts, notamment ceux liés à la croissance, deux issues sont envisagées. La première consiste à faire de la solidarité et de la pérennité un seul et même principe : c’est le principe des caisses autogérées. La seconde consiste à dissocier les deux dimensions en nouant des partenariats entre organismes de proximité et institutions financières. . Classification JEL : D63, O16

Suggested Citation

  • Isabelle Guérin, 2000. "Microfinance dans les pays du Sud : quelle compatibilité entre solidarité et pérennité," Revue d'Économie Financière, Programme National Persée, vol. 56(1), pages 145-164.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2000_num_56_1_3818
    DOI: 10.3406/ecofi.2000.3818
    Note: DOI:10.3406/ecofi.2000.3818
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    References listed on IDEAS

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    1. Sharma, Manohar, 2000. "Microfinance," MP05 briefs 0, International Food Policy Research Institute (IFPRI).
    2. Huppi, Monika & Feder, Gershon, 1990. "The Role of Groups and Credit Cooperatives in Rural Lending," The World Bank Research Observer, World Bank, vol. 5(2), pages 187-204, July.
    3. Stiglitz, Joseph E, 1990. "Peer Monitoring and Credit Markets," The World Bank Economic Review, World Bank, vol. 4(3), pages 351-366, September.
    4. Thomas W. Dichter, 1996. "Questioning the future of NGOs in microfinance," Journal of International Development, John Wiley & Sons, Ltd., vol. 8(2), pages 259-269.
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    More about this item

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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