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Impact Of Microfinance On Household Welfare: Assessing The Case Of Samurdhi Program In Sri Lanka

Author

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  • Thibbotuwawa, R.M.M.I.
  • Printhika, B.L.D.S.
  • Jayasinghe-Mudalige, Udith K.
  • Udugama, J.M.M.

Abstract

Household Income & Expenditure Survey (2006/07) data were used to estimate the impacts of ‘Samurdhi’ – the largest state-sponsored microfinance program in Sri Lanka – on the status of household income, health, education, and food and non-food consumption. Propensity Score Matching was used to minimize selection bias. Propensity scores were estimated using a Probit Model to match “treated” households with “control” group to identify the impacts. The results show that Samurdhi possesses a significant impact on household welfare on income, consumption and education, despite the inefficiencies and political interferences associated with distribution of intended services.

Suggested Citation

  • Thibbotuwawa, R.M.M.I. & Printhika, B.L.D.S. & Jayasinghe-Mudalige, Udith K. & Udugama, J.M.M., 2012. "Impact Of Microfinance On Household Welfare: Assessing The Case Of Samurdhi Program In Sri Lanka," 2012 Conference (56th), February 7-10, 2012, Fremantle, Australia 124320, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare12:124320
    DOI: 10.22004/ag.econ.124320
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    References listed on IDEAS

    as
    1. Himaz, Rozana, 2008. "Welfare Grants and Their Impact on Child Health: The Case of Sri Lanka," World Development, Elsevier, vol. 36(10), pages 1843-1857, October.
    2. Heckman, James J. & Robb, Richard Jr., 1985. "Alternative methods for evaluating the impact of interventions : An overview," Journal of Econometrics, Elsevier, vol. 30(1-2), pages 239-267.
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    Cited by:

    1. Nisha Arunatilake & Gabriela Inchauste & Nora Lustig, 2017. "The Incidence of Taxes and Spending in Sri Lanka," Commitment to Equity (CEQ) Working Paper Series 63, Tulane University, Department of Economics.
    2. Mathilde Maîtrot & Miguel Niño-Zarazúa, 2017. "Poverty and wellbeing impacts of microfinance: What do we know?," WIDER Working Paper Series 190, World Institute for Development Economic Research (UNU-WIDER).
    3. Sánchez Ramos, Karen Melissa & Karimi, Abdul Matin, 2020. "Social protection in Sri Lanka: An analysis of the social, economic and political effectiveness of the Samurdhi program," MPRA Paper 102558, University Library of Munich, Germany.
    4. Mathilde Maîtrot & Miguel Niño-Zarazúa, 2017. "Poverty and wellbeing impacts of microfinance: What do we know?," WIDER Working Paper Series wp-2017-190, World Institute for Development Economic Research (UNU-WIDER).

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    Keywords

    Consumer/Household Economics; Food Security and Poverty;

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