Lending a Hand: A Quantile Regression Analysis of Micro-Lending's Poverty Impact

Author
Stephen W. Polk, Daniel K.N. Johnson
Content Type
Working Paper
Institution
Department of Economics and Business, Colorado College
Abstract
By one definition, the mean of the national poverty lines for the 10 poorest countries in the world or $1.25/day (2005 USD adjusted to purchasing power parity), the World Bank estimates that there are 1.4 billion people living under the poverty line (Chen and Ravallion, 2008). That represents a significant drop over the last twenty years, some due to policy and some due to concerted private action. Among private anti-poverty programs, none has become more publicized in recent years than micro-finance, or financial services targeting low-income clients.
Topic
Economics, Gender Issues, Poverty
Political Geography
United States