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8/14/2019 The Impact of Micro Finance on Household Welfare: Case Study of a Savings Group in Lao PDR
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Frin qce niae` nebqlibea doive qce reauhea.firn aeqernlbdbqx if hrealq
wrimrdn wdrqlhlwdqlib lbh`uae;
Qce wrlhex if ndrjeq qlne
Qce wrlhe if qce wurhcdxea ndrjeq miia T
Qce wrlhex if qce ndrjeq lbwuqx lbqi C .miia wriauhqlib lbh`ualbm qce hixq
if dverqlbm d olrqc dba iqcer aeqernlbdbqx if ferql`lq|
Qce wrlhex if vdrldo`e lbwuqx lbqi [ .miia wriauhqlib
Qce wrlhe if qce hdwlqd` miia
Dme dba eauhdqlib `eve`x if qce oirri}er dba xwiuxe
Dhhexx qi qrdbxferx frin bib.rexlaebq re`dqlvex dba
Vl``dme.`eve` hcdrdhqerlxqlhx#V,"
]ceqcer ir biq wiir ciuxeci`ax exwehld``| qce }ineb dre hrealq.hibxqrdlbea lx d
hinw`es lxxue" _dxcla dba Qi}bxeba #4
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8=
if flbdbhe xuhc dx qrdbxferx ir lf nd`e ciuxeci`a nenoerx ioqdlb fubax fir fend`e
ciuxeci`a nenoerx"
D wrlndr| fihux if qclx wdwer lx qi exqlndqe qce lnwdhq if hrealq wrimrdnx ib
vdrliux ciuxeci`a iuqhinex xuhc dx ciuxeci`a hibxunwqlib ciuxeci`a lbhine dba
ciuxeci`a dxxeq" Qce duqcir wriwixex qi exqlndqe qce hibalqlibd` aendba etudqlib fir
edhc iuqhine qi oe lbvexqlmdqea hibalqlibea ib qce ciuxeci`ax wrimrdn wdrqlhlwdqlib dx
nedxurea o| qce tudbqlq| if hrealq oirri}ea" Dx biqea edr`ler qce neqciai`im| daiwqea
lx qcdq aeve`iwea o| Wlqq dba Jcdbajer #4
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83
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k ; db ubioxervea vl``dme.xwehlflh effehq
lk ; db ubioxervea ciuxeci`a.xwehlflh effehq
hlke ; d bib.x|xqendqlh errir ubhirre`dqea }lqc qce iqcer errir hinwibebqx ir qce remrexxirx"
Qce hibalqlibd` aendba fir ciuxeci`a iuqhine \ lk hibalqlibd` ib qce `eve` if wrimrdn
wdrqlhlwdqlibH lk lx
|
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8 7"7774, lb
hdxe if qce flsea effehqx exqlndqlib niae`" Qce bunoer if re`dqlvex rewrexebqx vl``dme
re`dqlibxclwx qcdq }iu`a ce`w edhc iqcer }ceb fdhlbm xerliux xlqudqlibx lbh`ualbm xe`f.
enw`i|nebq dhqlvlqlex ir qi xcdre cdwwlbexx dnibm qcen"
Cdvlbm d hclef if d xdvlbmx mriuw hinnlqqee ir nenoer if qce mriuw hinnlqqee
lb ciuxeci`a cdx d `drme dba xqdqlxqlhd``| xlmblflhdbq lnwdhq ib ciuxeci`a ciuxe dxxeq
vd`ue dq qce 4 wer hebq `eve` fir qce fiur exqlndqlib niae`x" Lq lx xqdqlxqlhd``| xlmblflhdbq
#4? =78 =3=: w > 7"77?6, lb hdxe if qce flsea effehq exqlndqlib niae` fir esdnw`e"
Xlnl`dr`| Hi`endb #4
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5 7"7373, fir qce flsea effehqx exqlndqlib niae` dba #?36 387"3: w >
7"731=, fir qce bibflsea effehqx exqlndqlib niae`" Qclx lnw`lex qcdq ubioxervdo`e
alfferebhex oeq}eeb nenoer dba bibnenoerx cdve `drme hibxetuebhex" Lb iqcer }ira
oelbm nenoer if xdvlbmx mriuw hdb lbhredxe qce |edr`| lbhine if ciuxeci`a dmrlhu`qurd`
wriauhqlib" Lb hibqrdxq lb qce xqua| o| Hi`endb #4
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68
Qce xl{e if qce ciuxeci`a dba qce bunoer if nibqcx ailbm ouxlbexx cdx d wixlqlve
dba xlmblflhdbq re`dqlibxclw qi qce |edr`| lbhine if ciuxeci`a dmrlhu`qurd` wriauhqlib dx
hdb oe xeeb frin qce rexu`qx if d`` fiur exqlndqlib niae`x" Qcelr hiefflhlebqx dre
xqdqlxqlhd``| xlmblflhdbq dq qce 4 wer hebq `eve` dx xci}b lb Qdo`e = #Dwwebals D,"
Qce bunoer if meberdqlibx qcdq qce fdnl`| cdx oeeb lb qce vl``dme cdx d wixlqlve
lnwdhq ib qce |edr`| lbhine if ciuxeci`a dmrlhu`qurd` wriauhqlib" Lqx hiefflhlebq lx
xlmblflhdbq dq qce 5 wer hebq `eve`" Lq nedbx qcdq nire bunoer if meberdqlibx fdnl`| lb
vl``dme hdb ce`w dmrlhu`qure }irj qi wuxc nire wriauhqx dba qceb ciuxeci`a lbhine nd|
lbhredxe"
Lq lx biq xurwrlxlbm qcdq qce vd`ue if ciuxeci`a i}bea `dba 5 |edrx dmi ir lblqld`
}ed`qc cdx wixlqlve effehq ib qce |edr`| lbhine if ciuxeci`a dmrlhu`qurd` wriauhqlib
oehduxe `dba lx exxebqld` hdwlqd` fir dmrlhu`qurd` w`dbqdqlib"
Fihux ib qce vdrldo`e if vl``dme hcdrdhqerlxqlh qce alxqdbhe frin qce vl``dme qi
ndlb ndrjeq cdx d bemdqlve effehq ib qce dbbud` lbhine if ciuxeci`a dmrlhu`qurd`
wriauhqlib" Qclx lx qrue lb red`lq| oehduxe lf miiax exwehld``| dmrlhu`qurd` wriauhqx dre
`ihdqea fdr d}d| frin qce ndrjeq #hlq| ndrjeq, qcelr wrlhe dre `i}er qcdb qce ibex xi`a lb
qce ndlb ndrjeq"
6"?"8 Lnwdhqx ib ciuxeci`a nibqc`| rebqd` eswebalqure
Qdo`e 3 #Dwwebals D, xci} qce remrexxlib rexu`qx if qce etudqlib #44, ib
ciuxeci`a nibqc`| rebqd` eswebalqure hirrexwibalbm qi qce flsea effehqx bibflsea effehqx
bdve dba xuwer.bdve niae`x" D`` fiur niae`x lbalhdqe qce wixlqlve hirre`dqlib oeq}eeb
qce nibqc if xdvlbmx mriuw nenoerxclw dba qce ciuxeci`a nibqc`| rebqd` eswebalqure"
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65
effehqx niae` fir esdnw`e" Ibe hdb xd| qcdq qce weiw`e kilblbm xdvlbmx mriuw hdb
xuwwirq fir qcelr hcl`arebx xhcii`lbm" Ci}ever qclx rexu`q hiu`a biq oe fiuba lb qce
xqua| o| Hi`endb #4
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66
ebaimebelq|" Qclra qclx xqua| ala biq qdje lbqi dhhiubq qce xwl``iver effehqx qi
bibnenoerx lb qce xls vl``dmex" Fiurqc qce vd`uex if adqd ib ciuxeci`a dxxeqx lbhinex
dba eswebalqurex dre binlbd`" Flfqc qce uxe if hrixx.xehqlib adqd qi evd`udqe qce lnwdhq
if qce xdvlbmx mriuw nd| xci} ib`| qce xcirq qern effehq dba nd| biq wrealhq qce `ibm
qern lnwdhq if xdvlbmx mriuw }clhc nd| oe wixxlo`e qi dxherqdlb o| uxlbm wdbe` adqd"
Qclx lx d xummexqea dred fir furqcer rexedrhc"
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6=
HCDWQE_ =
HIBH@UXLIB
Nlhriflbdbhe dffehqx ciuxeci`a }e`fdre ir iuqhine qcriumc d bunoer if hcdbbe`x"
_exedrhc xqualex cdve xci}ea qcdq nlhriflbdbhe cdx xlmblflhdbq lnwdhq ib dxxeqx lbhine
eswebalqure eauhdqlibd` xqdqux ced`qc dx }e`` dx mebaer enwi}ernebq" Lb qclx wdwer qceeffehqx ib ciuxeci`a iuqhinex o| qce wdrqlhlwdqlib lb qce xdvlbmx mriuw lb d xenl.urodb
dred if @dix }ere exqlndqea o| dww`lhdqlib if qce xurve| aexlmb dba rexedrhc
neqciai`im| if Hi`endb #4
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63
eswebxex o| dww`|lbm fiur enwlrlhd` xwehlflhdqlibx" Qce enwlrlhd` rexu`qx l``uxqrdqe qcdq
qce wdrqlhlwdqlib lb qce xdvlbmx mriuwx cdx `drme wixlqlve dba xlmblflhdbq effehqx ib d`` if
qcexe iuqhinex eshewq ciuxeci`a dmrlhu`qure wriauhqlib lbhine" Qclx nd| oe esw`dlbea
o| qce f`uhqudqlib if xedxibd` dmrlhu`qurd` wrlhex dba ubaer rewirqlbm if qce red` vd`ue if
ciuxeci`a dmrlhu`qurd` lbhine" Qclx lx oehduxe adqd hi``ehqea werqdlb ib`| qi lbhine
frin dmrlhu`qure wriauhqx }clhc }ere xi`a lb qce ndrjeqx biq qcixe uxea fir xe`f.
hibxunwqlib"
Qce rexu`qx if qclx xqua| alffer frin qcixe if Hi`endb #4
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64, 7"7< 7"77 4"77 7"77Mebaer if rexwibaebqx #ebqrewrebeur,#fend`e>4,
7"
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Dwwebals D
3=
Qdo`e ?; Aexhrlwqlve xqdqlxqlhx fir vdrldo`ex o| qredqnebq mriuw #hibqlbuea,
Vdrldo`e aexhrlwqlibx Nedb Nealdb Ndslnun Nlblnun Xq Aewebaebq vdrldo`ex #lb Jlw ub`exx xqdqea iqcer}lxe,;Aiex vl``dme cdve wdvea rida ir bedr ndlbrida #Jn 48 rida,9 #7)4,
7"83 7"77 4"77
Vl``dme cdx lrrlmdqlib #7)4, 7"?6 7"77 4"77 Aiex vl``dme cdve xhcii` ubql` xehibadr|`eve`9 #7)4,
7"4? 7"77 4"77 7
Aiex vl``dme cdve wrlndr| xhcii` uw qimrdae59 #7)4,
7"=1 4"77 4"77
Alxqdbhe frin vl``dme qi ndlb ndrjeqx ??"=5 ?7"77 88"77 45"7Wrlhe if ibe hdqq`e 4 5=8 661 4 577 777 ? 777 777 4Wrlhe if ibe ouffd`i 8 ?=7
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Dwwebals D
33
Qdo`e 8; Aexhrlwqlve xqdqlxqlhx fir vdrldo`ex o| hibqri` mriuw
Vdrldo`e aexhrlwqlibx Nedb Nealdb Ndslnun Nlblnun Xqa"
Aewebaebq vdrldo`ex #lb Jlw ub`exx xqdqea iqcer}lxe,;Ciuxeci`a nibqc`| fiia eswebalqure 185 753 877 777 4 617 777 ?7 777 Ciuxeci`ax nibqc`| rebqd` eswebalqure 8< 8
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Dwwebals D
3?"353841 F.xqdqlxqlh>8"711=8? Wrio#F.xqdqlxqlh,>7"77741<
Wrio#F.xqdqlxqlh,> 7"77741< Wrio#F.xqdqlxqlh,> 7"777
_.xtudrea>7"434548 _.xtudrea>7"434548 _.xtudrea>7"434=63
Biqe ; qce xuwerxhrlwqx+++ ++ dba + aebiqe rekehqlib dq 4 wer hebq 5 wer hebq dba 47 wer hebq hrlqlhd` vd`uex"
Xiurhe ; Duqcirx xurve| adqd Xewqenoer ?775 dba Ndrhc ?776"
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Dwwebals D
477
Qdo`e 6; Lnwdhq if xdvlbmx mriuw ib |edr`| xe`f.enw`i|nebq lbhine frin `lvexqihj . M@X"
Lbaewebaebqvdrldo`e
Flsea Effehqx niae` Bibflsea effehqx niae` Bdve niae`
Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa"Errir
Nibqcx dx VXMnenoer
4<
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Dwwebals D
474
Qdo`e 6; Lnwdhq if xdvlbmx mriuw ib |edr`| xe`f.enw`i|nebq lbhine frin `lvexqihj M@X #hibqlbuea,
Lbaewebaebqvdrldo`e
Flsea Effehqx niae` Bibflsea effehqx niae` Bdve niae`
Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa"Errir
Dre |iu nenoer ir ceda if qce mriuwhinnlqqee9 #7)4,
4 8=3 511+++ 138
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Dwwebals D
47?
Qdo`e 6; Lnwdhq if xdvlbmx mriuw ib |edr`| xe`f.enw`i|nebq lbhine frin `lvexqihj M@X #hibqlbuea,
Lbaewebaebqvdrldo`e
Flsea Effehqx niae` Bibflsea effehqx niae` Bdve niae`
Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa"Errir
Adl`| }dme fir hibxqruhqlib
38 6< 8< 56
F.xqdqlxqlh> ?"??"??"?34=5= Wrio#F.xqdqlxqlh,>7"77?5==
Wrio#F.xqdqlxqlh,>7"77?5==
Wrio#F.xqdqlxqlh,>7"77885?
_.xtudrea>7"454??3 _.xtudrea>7"454??3 _.xtudrea>7"41?=?7
Biqe ; qce xuwerxhrlwqx+++ ++ dba + aebiqe rekehqlib dq 4 wer hebq 5 wer hebq dba 47 wer hebq hrlqlhd` vd`uex"
Xiurhe ; Duqcirx xurve| adqd Xewqenoer ?775 dba Ndrhc ?776"
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Dwwebals D
478
Qdo`e =; Lnwdhq if xdvlbmx mriuw ib ciuxeci`a |edr`| xe`f.enw`i|nebq lbhine frin dmrlhu`qure . M@X"
Lbaewebaebqvdrldo`e
Flsea Effehqx niae` Bibflsea effehqx niae` Bdve niae`
Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa"Errir
Nibqcx dx VXMnenoer
.?3 ?76"5=+++ < ?36"5= .?3 ?76"5=+++ < 175"3< .4< 587"41+++ = 57
Aiex ciuxeci`a cdved VXM nenoer9#7)4,
?36 387"3+ 468 53?"1 ?36 387"3+ 465 631"?
Xes if ciuxeci`aceda #fend`e>4,
.514
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Dwwebals D
471
Qdo`e =; Lnwdhq if xdvlbmx mriuw ib ciuxeci`a |edr`| xe`f.enw`i|nebq lbhine frin dmrlhu`qure M@X #hibqlbuea,
Lbaewebaebqvdrldo`e
Flsea Effehqx niae` Bibflsea effehqx niae` Bdve niae`
Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa"Errir
Dre |iu nenoer ir ceda if qce mriuwhinnlqqee9 #7)4,
586 4=8"3 568 3=4 586 4=8"3 5=4 445"< 576 3
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Dwwebals D
475
Qdo`e =; Lnwdhq if xdvlbmx mriuw ib ciuxeci`a |edr`| xe`f.enw`i|nebq lbhine frin dmrlhu`qure M@X #hibqlbuea,
Lbaewebaebqvdrldo`e
Flsea Effehqx niae` Bibflsea effehqx niae` Bdve niae`
Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa"Errir
Adl`| }dme fir hibxqruhqlib
68="56 =
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Dwwebals D
476
Qdo`e 3; Lnwdhq if xdvlbmx mriuw ib ciuxeci`a nibqc`| rebqd` eswebalqure . M@X"
Lbaewebaebqvdrldo`e
Flsea Effehqx niae` Bibflsea effehqx niae` Bdve niae`
Hiefflhlebq Xqa" Errir Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa" Er
Nibqcx dx VXMnenoer
483"4,
541 4 786 548"
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Dwwebals D
47=
Qdo`e 3; Lnwdhq if xdvlbmx mriuw ib ciuxeci`a nibqc`| rebqd` eswebalqure M@X #hibqlbuea,
Lbaewebaebqvdrldo`e
Flsea Effehqx niae` Bibflsea effehqx niae` Bdve niae`
Hiefflhlebq Xqa" Errir Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa" Er
Dre |iu nenoer ir ceda if qce mriuwhinnlqqee9 #7)4,
.?
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Dwwebals D
473
Qdo`e 3; Lnwdhq if xdvlbmx mriuw ib ciuxeci`a nibqc`| rebqd` eswebalqure M@X #hibqlbuea,
Lbaewebaebqvdrldo`e
Flsea Effehqx niae` Bibflsea effehqx niae` Bdve niae`
Hiefflhlebq Xqa" Errir Hiefflhlebq Xqa"Errir
Hiefflhlebq Xqa" Er
Adl`| }dme fir hibxqruhqlib
3"=41 4?"38= 3"=87 4?" ?"354485 F.xqdqlxqlh>?"354485 F.xqdqlxqlh>8"77"777767
_.xtudrea>7"43448< _.xtudrea>7"43448< _.xtudrea>7"43115?
Biqe ; qce xuwerxhrlwqx+++ ++ dba + aebiqe rekehqlib dq 4 wer hebq 5 wer hebq dba 47 wer hebq hrlqlhd` vd`uex"
Xiurhe ; Duqcirx xurve| adqd Xewqenoer ?775 dba Ndrhc ?776"
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Dwwebals D
47 4"385 7"7156?? Wrio#F.xqdqlxqlh,>
7"7156?? Wrio#F.xqdqlxqlh,>7"7?13?4
_.xtudrea>7"441=81 _.xtudrea>7"441=81 _.xtudrea>7"4434??54,;
Bunoer if oirri}erx 7"76 7"74 7"71 7"7? 7"4?d,
@idb dniubq #Jlw, 17 785 183 14 388 8< 5?,;
Bunoer if oirri}erx 7"4? . 7"71 7"7? 7"4=@idb dniubq #Jlw, 4
8/14/2019 The Impact of Micro Finance on Household Welfare: Case Study of a Savings Group in Lao PDR
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Dwwebals O
Qdo`e 6; Aewixlq od`dbhe dq alfferebq lbxqlquqlibx dx Xewqenoer ?775
Nedb o| mriuw; Aewixlq od`dbhe dq alfferebq lbxqlquqlibx;
DWOIqcerNFLx Nibe| riqdqlbm Qiqd`
Lbqerexq rdqe wer |edr #%,; 3 . ?1 7 . 8 D`` xdnw`e #b>?54,;
Bunoer if aewixlqirx 7"71 7"71 7"7? 7"7438,;
Bunoer if aewixlqirx 7"75 7"75 7"7? 7"4?Aewixlq od`dbhe #Jlw, 87 541 4= 436 ? 8== 57 7==
Qredqnebq mriuw #b>484,; Bunoer if aewixlqirx 7"75 7"76 7"7? 7"41Aewixlq od`dbhe #Jlw, 17 317 ?? 681 8 8?4 66 =5?,; Bunoer if aewixlqirx 7"71 7"71 7"73Aewixlq od`dbhe #Jlw, 1 577 8 16? = 63,; Bunoer if aewixlqirx 7"74 7"74 7"74Aewixlq od`dbhe #Jlw, 86 =65 ?57 8= 745
Biqe ; d, Ibe werxib aewixlqea }lqc oiqc DWO dba Nibe| riqdqlbm
Xiurhe ; Duqcirx xurve| adqd Xewqenoer ?775"
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