Impact of microfinance on the local microenterprise
DOI:
https://doi.org/10.15665/dem.v17i2.1933Keywords:
Microfinance, local development, microcredit, microenterprises, impact assessment, ChileAbstract
Although microfinance programs were born with the specific objective of reducing poverty, currently they attend to small entrepreneurs who have limited access to traditional finance, but are not necessarily poor. These small entrepreneurs are key agents of any territory due to their capacity to create jobs, incomes and to strengthen the local entrepreneurship structure. Many studies have tried to measure the impact of microfinance programs. Preliminary results suggest that microfinance programs could be an effective instrument of local development. However, more studies have to be conducted to support this hypothesis. The objective of this work is to evaluate the impact of a microfinance program that provides microcredit on the income of microentrepreneurs in the Araucanía Region in Chile. A non-experimental, cross-sectional study with a control group was carried out using the matched comparison method, using the propensity score technique. The results suggest the existence of a plausible association between participating in a microfinance program and higher incomes in local microentrepreneurs.
RESUMEN
Las microfinanzas nacen con un claro objetivo de lucha contra la pobreza, pero actualmente atienden a pequeños empresarios, no necesariamente pobres, con dificultad de acceso o excluidos financieramente. Ellos son actores clave del territorio dada su capacidad de generar ingresos, empleo, y fortalecer el entramado empresarial local. Diversos estudios han intentado medir el impacto de los programas microfinancieros, sugiriendo que ellos podrían ser un instrumento efectivo de desarrollo local, sin embargo es necesario continuar investigando en esta línea. El trabajo tiene como objetivo evaluar el impacto de un programa microfinanciero que entrega microcrédito, sobre los ingresos de microempresarios de la Región de La Araucanía en Chile. Se realiza un estudio no experimental, transversal con grupo control a través del método de matched comparison, usando la técnica propensity score. Los resultados sugieren la existencia de una asociación plausible entre participar en un programa microfinanciero y mayores ingresos en microempresarios locales.
RESUMO
Embora as microfinanças nasçam com um claro objetivo de combater a pobreza, servindo atualmente pequenos empreendedores, não necessariamente pobres, com dificuldade de acesso ao financiamento tradicional. Eles são atores-chave no território, dada sua capacidade de gerar renda, emprego e fortalecer a rede local de negócios. Vários estudos tentaram medir o impacto dos programas de microfinanças. Os resultados preliminares sugerem que eles poderiam ser um instrumento eficaz de desenvolvimento local, no entanto, é necessário continuar investigando nesta linha. O objetivo deste trabalho é avaliar o impacto de um programa de microfinanças que oferece microcrédito aos rendimentos de microempresários na Região de Araucanía, no Chile. Um estudo transversal não experimental, com um grupo controle, foi realizado utilizando o método de matched comparison, utilizando a técnica de escore de propensity score. Os resultados sugerem a existência de uma associação plausível entre a participação em um programa de microfinanças e maiores rendimentos em microempresários locais.
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