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Good governance in microcredit strategy for poverty reduction: Focus on Western Mindanao, Philippines

Author

Listed:
  • Moreno, Frede G.
Abstract
Microcredit can be an effective tool for tackling the global poverty problem. Making microcredit work better for the poor necessitates a framework that integrates the principles of good governance in the design and implementation of a microcredit program. The integration of good governance principles in microfinance is argued to have positive consequences in improving financial viability and increasing social outreach of microcredit programs as well as in widening the livelihood and economic options of Agrarian Reform Beneficiaries within Third World economic and poverty conditions. Governance principles can be applied as implementation strategies of Official Development Assistance (ODA)-assisted microfinance program as a tool for poverty reduction and development. In view of the Philippine government’s limitations, economic and fiscal challenges, the financial and technical support programs of the international donor community provide a big boost to the effectiveness and impact of microfinance in reducing the incidents of poverty in Third World countries such as the Philippines. As a tool for poverty reduction, microcredit is applicable only to the enterprising poor based on Joe Remenyi’s (1999) Poverty Pyramid which is a useful tool for the application of BRAC’s graduated strategy for helping the poor when they are grouped into: (1) micro-enterprise operators or the less poor, (2) enterprising or moderately poor, (3) laboring or very poor, and (4) poorest of the poor and most vulnerable or the ultra-poor. The use of microcredit to assist poverty groups is recommended to be based on existing livelihood activities and micro-entrepreneurial skills and capabilities. Furthermore, the program design of the Bangladesh Rural Advancement Committee (BRAC) is found to be appropriate for the agrarian reform beneficiaries in Zamboanga Peninsula (Region IX), Philippines.

Suggested Citation

  • Moreno, Frede G., 2004. "Good governance in microcredit strategy for poverty reduction: Focus on Western Mindanao, Philippines," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 100634, March.
    • Handle: RePEc:zbw:esthes:100634
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    References listed on IDEAS

    as
    1. Reyes, Celia M., 2002. "The Poverty Fight: Have We Made an Impact?," Discussion Papers DP 2002-20, Philippine Institute for Development Studies.
    2. Lamberte, Mario B. & Desrochers, Martin, 2002. "Efficiency and Expense Preference in the Philippines' Cooperative Rural Banks," Discussion Papers DP 2002-12, Philippine Institute for Development Studies.
    3. Lamberte, Mario B. & Manlagnit, Ma. Chelo V., 2003. "Integrating Gender Perspectives in Evaluating the Efficiency of COFI: The Case of Credit Cooperatives in the Philippines," Discussion Papers DP 2003-06, Philippine Institute for Development Studies.
    4. Khandker, S.R. & Khalily, B. & Khan, Z., 1995. "Grameen Bank: Performance and Sustainability," World Bank - Discussion Papers 306, World Bank.
    5. Hossain, Mahabub, 1988. "Credit for alleviation of rural poverty: the Grameen Bank in Bangladesh," Research reports 65, International Food Policy Research Institute (IFPRI).
    6. Seibel, Hans Dieter, 1998. "Grameen Replicators: Do they reach the poor, and are they sustainable?," Working Papers 1998,8, University of Cologne, Development Research Center.
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    More about this item

    Keywords

    microcredit; microfinance; governance; poverty; Mindanao; Philippines;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching
    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • J - Labor and Demographic Economics
    • P - Political Economy and Comparative Economic Systems

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