THIRD EUROPEAN RESEARCH CONFERENCE ON MICROFINANCE

Transcription

1 THIRD EUROPEAN RESEARCH CONFERENCE ON MICROFINANCE ORGANISED BY JUNE 10 12, 2013 Conference Venue University of Agder Kristiansand, Norway

2 Overview of Conference Program 8:30 9:00 Monday, June 10 Registration 9:00 10:45 Opening session and plenary speakers 10:45 11:15 Coffee Break 11:15 13:00 Parallel Sessions Microinsurance Network and the ILO s Microinsurance Innovation Facility, Session Microfinance and Women s Empowerment 1.3 Entrepreneurship and Microfinance Institutions 1.4 Financial Inclusion and Poverty Alleviation 1.5 The Management of Microfinance Organizations 1.6 Poor People s access to Finance 1.7 Social Capital and Repayment Rates 13:00 14:00 14:00 15:45 15:45 16:15 Lunch Parallel Sessions Microinsurance Network and the ILO s Microinsurance Innovation Facility, Session Interest Rates in Microfinance 2.3 Loan Determination and Loan Diversion 2.4 Impact Evaluation of MFIs 2.5 Issues in Competition and Internationalization 2.6 Financial Literacy 2.7 Social Entrepreneurship and Self-employment 16:15 18:00 Coffee Break Parallel Sessions Joint ILO and University of Mannheim Session 3.2 Evaluating the Performance and Management of MFIs 3.3 Innovations in the Provision of Microfinance Services 3.4 Impact of Microfinance at the Macro Level 3.5 Gender, Perceptions and Microfinance 3.6 Microinsurance for Household Risk Coping 3.7 Investments and Issues in Microfinance Dinner at UiA Cafeteria Room B2 003 B2 001 B2 002 B2 004 B2 006 B3 001 B3 008 B2 003 B2 001 B2 002 B2 004 B2 006 B3 001 B3 008 B2 003 B2 001 B2 002 B2 004 B2 006 B3 008 B3 001 Tuesday, June 11 Registration Plenary Speakers Coffee Break Parallel Sessions Multiple Borrowing and Over-indebtedness 4.2 Governance of Microfinance Institutions 4.3 European Microfinance Network Session 4.4 Behavioral Economics and Lending Methodologies 4.5 Operational Efficiency of Microfinance Institutions 4.6 Impact of Microcredit on Poverty Alleviation 4.7 Microfinance Clients Lunch Parallel Sessions Relationship between Entrepreneurial Activity and Microfinance 5.2 Formal vs. Informal Lending 5.3 University Meets Microfinance (UMM) Student Session 5.4 Loan Size and Repayment Rates 5.5 Risk Management in Microfinance Institutions 5.6 Impact of Savings Groups and Microsavings on Household Welfare Coffee Break Parallel Sessions Assessment of Financial Performance of MFI s 6.2 Mobile Money and Branchless Banking 6.3 Regulation and Policy Issues in Microfinance 6.4 Microfinance and Development 6.5 Microfinance in a Different Context 6.6 Transformation and Business Models in Microfinance Gala Dinner at Christiansholm Fortress Room B2 001 B2 002 B2 003 B2 004 B2 006 B3 001 B3 008 B2 001 B2 002 B2 003 B2 004 B2 006 B3 001 B3 008 B2 001 B2 002 B2 004 B3 001 B3 008 B2 006 Wednesday, June 12 Registration Plenary Speakers Coffee Break Parallel Sessions Women s Participation in Financial Services 7.2 Group Lending and Peer-to-peer Lending 7.3 Impact of Self-help Groups 7.4 Financial Sustainability of MFIs and Poverty Outreach 7.5 Social Impact of Microfinance Institutions 7.6 Mission Drift and Efficiency of Microfinance Institutions Lunch End of Conference Room B2 001 B2 002 B2 004 B2 006 B3 001 B3 008

3 Third European Research Conference on Microfinance MONDAY JUNE 10 8:30 9:00 Registration (Building B, Main Foyer) 9: Plenary Session, Auditorium B1 018 Welcome Remarks > Roy Mersland, Conference Chair > Christoph Pausch, Executive Secretary, European Microfinance Platform Plenary Speakers > Malcolm Harper (Cranfield School of Management, UK), Microfinance; where did I and it go wrong? > Mark Rosenzweig (Yale University, USA), Informal Risk-Sharing, Weather Insurance and Risk-Taking > Susan Johnson (University of Bath, UK), Competing Visions of Inclusion in Kenya s Financial Landscape: The Rift Revealed by Mobile Money Transfer > David Roodman (Center for Global Development, USA), The Virtues and Limits of RCTs: Lessons from a Comprehensive Investigation into Microfinance Chair: Marek Hudon (CERMi, Université Libre de Bruxelles, Belgium) 10:45 11:15 Coffee Break (outside Auditorium B1 018) 11:15 13:00 Parallel Sessions Room: B Microinsurance Network and the ILO s Microinsurance Innovation Facility Session chair: Karljin Morsink (Microinsurance Network Research Discussion Group and University of Oxford) Session 1. Why low-income households don t buy insurance and what can we do about it? Aparna Dalal (ILO s Microinsurance Innovation Facility, Switzerland), Why people don t buy microinsurance and what can we do about it? Jonathan Bauchet (New York University, USA), Price and Information Type in Life Microinsurance Demand: Experimental Evidence from Mexico Lena Giesbert (Humboldt University of Berlin, Germany) Gender Differences in Micro Life Insurance Participation in Ghana, coauthor Tilman Brück Session chair: Karljin Morsink (Microinsurance Network Research Discussion Group and University of Oxford) Room: B Microfinance and Women s Empowerment Session chair: ATM Jahiruddin Abel Asemota (Ambrose Alli University, Nigeria), The Effect of Microfinance on Women Household Decision Making and Self Confidence, coauthor E.I. Isiramen

4 Third European Research Conference on Microfinance MONDAY JUNE 10 ATM Jahiruddin (Khulna University, Bangladesh), Microcredit Family Violence Experiences of Different Groups of Women in Bangladesh, coauthors Patricia Short, M. Adil Khan and Tania Afroze Remy O. Mejeha (Michael Okpara University of Agriculture, Nigeria), Microfinancing and Economic Empowerment of Women in Nigeria, coauthor Adanne Onuoha Madiha Khan (University of Malakand, Pakistan), Women Empowerment and Microfinance Room: B Entrepreneurship and Microfinance Institutions Session chair: Jacqueline Mgumia Chandralekha Ghosh (West Bengal State University, India) Does Microfinance Institution Really Help Micro Enterprises? A Case Study of Mumbai Slums, coauthor Samapti Guha Oliver Zohoré Koudou (Université FHB d Abidjan-Cocody, Côte d Ivoire) How can Microfinance Institutions Promote Entrepreneurship in Côte d Ivoire? Ruwan Abeysekera (Bournemouth University, UK), Enhancing Entrepreneurship: Developing a model using the theory of Co-production to examine the performance of Business Development Services provided by Micro Finance Institutions Jacqueline Mgumia (University of Witwatersrand, South Africa), Multiple Functions of Money in the Context of Urban Poverty and Unemployment: The Case of Aspiring Young Entrepreneurs in Tanzania Room: B Financial Inclusion and Poverty Alleviation Session chair: Ana Marr Ana Marr (University of Greenwich, UK), Financial Inclusion and Poverty: The case of Peru, coauthor Julian Schmied Øystein Strøm (Oslo and Akershus University College, Norway), Source of Funding and Efficiency of Microfinance Institutions, coauthor Mariya I. Pylypiv Savita Shankar (Asian Institute of Management, Phillipines), Application of Alternate Framework for Assessing Microfinance Programs Contribution to Development: An empirical study in Tamil Nadu, India Camille Sutton-Brown (University of Pretoria, South Africa), Microfinance and Women s Empowerment: Voices from Mali Room: B The Management of Microfinance Organizations Session chair: Alexander Pinz Alexander Pinz (University of Mannheim, Germany), Success Factors of Microfinance Institutions State of the Art and Research Agenda, coauthor Bernd Helmig

5 Third European Research Conference on Microfinance MONDAY JUNE 10 Daudi Pascal (University of Agder, Norway), The influence of Chief Executive Officer Characteristics and MFIs performance, coauthors Roy Merlsand and Neema Mori Akanga Fidelis K. (University of Essex, UK), Microfinance Accountability in Cameroon: A Cure or a Curse for Poverty Alleviation?, coauthor Jayasinghe Kelum Wu Wei (University of Birmingham, UK), FOSS Meets Microfinance Case Study from China, coauthor Li Jun Room: B Poor People s access to Finance Session chair: Benjamin Guin M. Jahangir Alam Chowdhury (University of Dhaka, Bangladesh), Does an Access to Credit Help Households in Recovering Natural Disaster Losses: Experience from Bangladesh Raulin L. Cadet (Université Quisqueya, Haiti), Microfinance in Haiti: Do the poorest have access to credit?, coauthor Lenève Julien Benjamin Guin (University of St. Gallen, Switzerland), Microfinance Banks and Household Access to Finance, coauthors Martin Brown and Karolina Kirschenmann Oliver Schmidt (Mountains of the Moon University, Uganda), Financial behaviour of small-scale tea farmers and casual labourers in Western Uganda Room: B Social Capital and Microfinance Session chair: Julie-Marthe Lehmann 13:00 14:00 Lunch at UiA Cafeteria 14:00 15:45 Parallel Sessions Luminita Postelnicu (CERMi, Université Libre de Bruxelles, Belgium), Social Capital and Repayment Performance of Group Lending in Microfinance, coauthors Niels Hermes and Ariane Szafarz Julie-Marthe Lehmann (The Hague University of Applied Sciences, Netherlands), Money is money. Money can talk to you. Microfinance: What can be learnt from informal financial associations in the Netherlands?, coauthor Peer Smets Solène Morvant-Roux (Fribourg University, Switzerland) and Fouzi Mourji (Université Hassan II, Morocco), Exploring the respective role played by supply and demand characteristics in repayment defaults: evidence from Morocco and Dominican Republic, coauthors Trachsel Virginie and Cristian González Room: B Microinsurance Network and the ILO s Microinsurance Innovation Facility Chair: Michal Matul (ILO s Microinsurance Innovation Facility) Session 2. Microinsurance and existing risk-management activities (could be preventive activities, savings, credit, farmer investment)

6 Third European Research Conference on Microfinance MONDAY JUNE 10 Ralf Radermarcher (Micro Insurance Academy and Microinsurance Network Impact Working Group), Introduction to impact studies and microinsurance Karlijn Morsink (Microinsurance Network Research Discussion Group and University of Oxford, UK), Farm investments by Ethiopian smallholder farmers under indemnity and index insurance, coauthors Tagel Gebrehiwot Gidey, Peter Geurts and Anne van de Veen Karla Henning (University of Göttingen, Germany), Remittances and Weather Insurance: Evidence from Rainfall shocks in Indonesia, coauthor Tobias Lechtenfeld Syed M. Ahsan (Institute of Microfinance, Bangladesh), Micro Health Insurance in Bangladesh: Innovations in Design, Delivery and Distribution Channels, coauthors Syed Abdul Hamid, Shubhasish Barua, Mohammad Rifat Haider, and Chowdhury Abdullah Al Asif Room: B Interest Rates in Microfinance Session chair: Carolina Laureti Christopher Priberny (University of Regensburg, Germany), What determines microcredit interest rates?, coauthors Gregor Dorfleitner, Michaela Leidl and J. von Mosch Sven Resnjanskij (University of Konstanz, Germany), Negative Nominal Interest Rates in Develop ing Countries: The Case of Ghana Carolina Laureti (CERMi, University of Mons, Université Libre de Bruxelles, Belgium), The Time-Inconsistency Factor: How Banks Adapt to their Mix of Savers, coauthor Ariane Szafarz Satish Pillarisetti (National Bank for Agriculture and Rural Development, India), Does a market still exist for MFI s in India? Room: B Loan Determination and Loan Diversion Session chair: Pasqualina Porreta Glòria Estapé-Dubreuil (Autonomous University of Barcelona, Spain), Microguarantees for microcredits: A modeling for loan amount determination, coauthors Arvind Ashta and Zaka Ratsimalahelo Pasqualina Porretta (University of Rome, Italy), Guarantee funds in microfinance: a comparative analysis, coauthors Paola Leone and Sabrina Leo Malabika Roy (Jadavpur University, India), Loan Diversion: An empirical analysis, coauthors Tanmoyee Banerjee, Chandralekha Ghosh and Ajitava Raychaudhuri MFIs Room: B2 004 Vitalie Bumacov (Burgundy School of Business, France), The use of Credit Scoring and Poverty Scoring in microfinance institutions in developing countries B Impact Evaluation of MFIs Session chair: Ronny Manos

7 Third European Research Conference on Microfinance MONDAY JUNE 10 Christopher C. King (Saint Louis University, USA), Evaluating the Performance of Microfinance Programs by Measuring Changes in Income and Capital Scales Ronny Manos (The College of Management, Israel), Determinants of Performance in the Microfinance Industry: The Role of Culture, coauthor Leonid Tsytrinbaum and Israel Drori Hayyan Alia (University of Franche-Comté and Burgundy School of Business, France), Qualitative Economic Impact Evaluation in Microfinance: The Use of Diary Methods Heriyaldi (Padjadjaran University, Indonesia), Does Microfinance Institution Improve Welfare? A Double Difference Analysis of Indonesian Community-level Data, coauthor Arief Anshory Yusuf Room: B Issues in Competition and Internationalization Session chair: Djamchid Assadi Djamchid Assadi (Burgundy School of Business, France), Marketing Analysis of Emerging Peer-to-Peer Markets on the Internet. A Case Study of Online Peer-to-Peer Lending Websites Paolo Casini (University of Leuven, Belgium), Microcredit and Price Competition: standardize to differentiate Jonas Gödicke (University of Agder, CERMi, Université Libre de Bruxelles, Belgium), Competition in Microfinance: Lessons from the Banking Literature Amila Buddhika Sirisena (University of Agder, Norway), Internationalization of the non-profit firm Room: B Financial Literacy Session chair: Aljar Meesters Aussi Sayinzoga (Wageningen University, Netherlands), Financial education impact on savings, coauthors Erwin Bulte and Robert Lensink Cherif Diagne (Audencia Nantes School of Management, France), Financial Literacy and Debt Literacy Amid the Poor, coauthor Christophe Villa Aljar Meesters (University of Groningen, Netherlands) Evaluating the Impact of Training of Microfinance Members on Financial Literacy and Livelihood, coauthor Robert Lensink Olga Biosca (Glasgow Caledonian University, UK), Tightening the Safety Net : Microfinance Health Services and Conditional Cash Transfers, coauthors Pamela Lenton and Paul Mosley Room: B Social Entrepreneurship and Self-employment Session chair: Lars-Ivar Oppedal Berge Lars-Ivar Oppedal Berge (Norwegian School of Economics, Norway), Selection into

8 Third European Research Conference on Microfinance MONDAY JUNE 10 microfinance and entrepreneurship: Lab-evidence from Tanzania, coauthor Armando Jose Garcia Pires Katarzyna Cieslik (CERMi, Université Libre de Bruxelles, Belgium), Illicit Entrepreneurs Value Appropriation by Microfinance Clients in Rural Burundi Héger Gabteni (ESG Management School, France), Microfinance as social entrepreneurship, coauthors Adil Bami and Ghasem Shiri Kabir Ahmed (Central Bank of Bangladesh, Bangladesh) Effect of Local Financial Development on Rural Households Occupational Choices 15:45 16:15 Coffee Break (outside Auditorium B1 018) 16:15 18:00 Parallel Sessions Room: B Joint ILO and University of Mannheim Session Session chair: Patricia Richter How do MFIs contribute to improving clients livelihoods? Evidence from 15 impact evaluations of the ILO Microfinance for Decent Work action research programme. Presenters: Niels Kemper (University of Mannheim), Andreas Landmann (University of Mannheim), Manuel Margate (NWTF), Muhammed Waqar Tahir (NRSP), Patricia Richter (ILO) ILO Social Finance Programme and University of Mannheim, How do MFIs contribute to improving clients livelihoods? Evidence from 15 impact evaluations of the ILO Microfinance for Decent Work action research programme. Synthesis Report. Brede, V., Froelich, M., Kemper, N., Richter, P. and R. Poppe, Microfinance and Risk Management: An impact assessment of an individual emergency fund, NWTF Philippines Landmann A. and M. Froelich, Can Microfinance Help Prevent Child Labor? An Impact Evaluation from Pakistan Room: B Evaluating the Performance and Management of MFIs Session chair: Leif Atle Beisland Hailemichael Tesfay Gessesse (Mekelle University, Ethiopia), Efficienty of Microfinance Institutions in Ethiopia: DEA Approach, coauthor Guesh G/Meskel Ambaye Isabelle Piot-Lepetit (Institut National de la Recherche Agronomique, France), Performance measurement and benchmarking paths for microfinance institutions with a context-dependent DEA and outreach scorecard approach: An application to MC2 in Cameroon, coauthor Joseph Nzongang

9 Third European Research Conference on Microfinance MONDAY JUNE 10 Henri Tabi Ngoa (University of Yaounde Il-Soa, Cameroon), Efficiency of Microfinance Institutions in the fight against poverty in Cameroon: The Malmquist Approach, coauthor Henri Atanga Ondoa Jean Yves Moisseron (Institut de Recherche pour le Developpement, France), The Janus-figure of the Microfinance credit-agent between two orders of legitimacy, coauthor Hind Malanaïne Adel Varghese (Texas A. & M. University, USA), Correspondents as Screeners Leif Atle Beisland (University of Agder, Norway), Staff Characteristics and the Exclusion of Persons with Disabilities: Evidence from the Microfinance Industry in Uganda, coauthor Roy Mersland Room: B Innovations in the Provision of Microfinance Services Session chair: Glòria Estapé-Dubreuil Eva Van Leemput (University of Notre Dame, USA), Can Self-Help Groups Really be Self-Help?, coauthors Brian Greaney and Joseph P. Kaboski Glòria Estapé-Dubreuil (Autonomous University of Barcelona, Spain), Accelerators and Bottlenecks in the diffusion of social innovation of CIGALES micro-equity, coauthors Arvind Astha and Jean-Pierre Hédou Laurence Attuel-Mendés (Burgundy School of Business, France), Crowdfunding Platforms for Microfinance: A New Way to Eradicate Poverty through the Creation of a Global Hub? Maude Massu (CARE International UK), Connecting the World s Poorest People to the Global Economy Room: B Impact of Microfinance at the Macro Level Session chair: Veronica Trujillo Tejada Nargiza Alimukhamedova (Charles University, Czech Republic), What do We Know About Microfinance at Macro Glance? Eveline Baumann (Institut de Recherche pour le Developpement, France), Senegal: the Rise and Foretold Fall of Microfinance, coauthor Mouhamedoune Abdoulaya Fall Fabrizio Botti (University of Perugia, Italy), Financial Exclusion and the Cost of Incomplete Participation: Implications for Microfinance, coauthor Carlo A. Bollino Verónica Trujillo Tejada (Salamanca University, Spain), Microfinance Regulation and market development in Latin America, coauthors Fernando Rodríguez López and Victoria Muriel Patino Room: B Gender, Perceptions and Microfinance Session chair: Susan Steiner

10 Third European Research Conference on Microfinance MONDAY JUNE 10 Susan Steiner (Leibniz Universität Hannover, Germany), Client Perceptions of the Value of Microinsurance: Evidence from Southern Ghana, coauthor Lena Giesbert Ranveig Falch (Norwegian School of Economics, Norway), Women, context and competition: Findings from a lab-experiment in Uganda, coauthors Kjetil Bjorvatn and Ulrikke Hernæs Marina De Angelis (Sapienza University, Italy), Gender discrimination in Microfinance: Evidence from Uganda, coauthor Marcella Corsi Marié Kirsten (Development Southern Africa Journal, South Africa), Microfinance and women s well-being: evidence from South Africa Room: B Microinsurance for Household Risk Coping Session chair: Yaya Koloma Yaya Koloma (Higher Education School of International Agro-Development, France), Crop microinsurance, what is the particular relevance to farmers in Burkina?, coauthor Gabriel Neyra and Marc Oswald Basanta K. Sahu Sahu (Indian Institute of Foreign Trade, India), Building Security for the Low Income Households: An Analysis of Microinsurance in India Muhammad Ali Qamar (Punjab University, Pakistan), Micro-insurance: How to Make it Success, coauthor Sameen Masood Room: B Investments and Issues in Microfinance Session chair: Julia Meyer Julia Meyer (University of Zurich, Switzerland), Social versus Financial Return of Investments in Microfinance Barbora Svárovská (Charles University, Czech Republic), Can Investment in Microfinance Funds Improve Risk-Return Characteristics of a Portfolio?, coauthors Karel Janda and Gordon Rausser Marek Hudon (CERMi, Université Libre de Bruxelles, Belgium), Effects of transformation of microfinance institutions: Global empirical evidence, coauthors Roy Mersland and Bert D Espallier Pontus Engstrøm (University of Agder), Microfinance and Entrepreneurship Theory 18:30 DINNER Location: UiA Cafeteria Menu: Tapas Buffet Music by Lisa and Svein Helge, Norwegian traditional songs and soft music

11 Third European Research Conference on Microfinance TUESDAY MONDAY JUNE :30 9:00 Registration (Building B, Main Foyer) 9: Plenary Session, Auditorium B1 018 Plenary Speakers > Robert Lensink (University of Groningen, Netherlands), The relevance of using experimental games in microfinance research > Manuela Angelucci (University of Michigan, USA), Randomized trial impact evaluation of Compartamos > Valentina Hartarska (Auburn University, USA), Savings and Sustainability of Microfinance Institutions > Timothy Guinnane (Yale University, USA), Historical institutions in today s microfinance landscape > Kjetil Bjorvatn (Norwegian School of Economics, Norway), Youth and Entrepreneurship in Tanzania Chair: Niels Hermes (University of Groningen, Netherlands) 10:45 11:15 Coffee Break (outside Auditorium B1 018) 11:15 13:00 Parallel Sessions Room: B Multiple Borrowing and Over-indebtedness Session chair: Miriam Matzanke Benedikt Booker (University of Regensburg, Germany), Good Intentions Pave the Way to the Local Moneylender, coauthor Lutz G. Arnold Ganga Tilakaratna (Institute for Policy Studies, Sri Lanka), Microfinance and Multiple Borrowing in Sri Lanka Another Micro-credit Bubble in South Asia?, coauthor David Hulme Miriam Matzanke (University of Greenwich, UK), Cross-borrowing and its impact on micro-entrepreneurs indebtedness and well-being in Lima, Peru, coauthors Ana Marr and John Orchard Carolina Laureti (CERMi, University of Mons, Université Libre de Bruxelles, Belgium), The Debt Puzzle in the Dhaka Slums: Clues on the Liquidity/Commitment Dilemma? Room: B Governance of Microfinance Institutions Session chair: Trond Randøy Niels Hermes (University of Groningen, Netherlands), Making Microfinance Boards Effective: An Empirical Analysis, coauthors Neema Mori and Trond Randøy Neema Mori (University of Agder, Norway), Board Committees and Performance of Microfinance Institutions: Evidence from Ethiopia, coauthors Muluneh Dato and Roy Mersland

12 Third European Research Conference on Microfinance TUESDAY JUNE 11 Trond Randøy (University of Agder, Norway), The effect of Corporate Governance on Microfinance Institutions Rating Scores: A Global Study, coauthors Leif Atle Beisland and Roy Mersland Muluneh Hideto (Jimma University, Ethiopia), Corporate Governance and Agency Costs in Microfinance Organizations, coauthors Roy Mersland and Daudi Pascal Room: B European Microfinance Network Session Session chair: Marcella Corsi Glòria Estapé-Dubreuil (Autonomous University of Barcelona, Spain), Analysing the Micro-angels key success factors to alternative and sustainable development Marina De Angelis (Sapienza University, Italy), Impact of microcredit in Europe: A social performance analysis, coauthors Fabrizio Botti and Marcella Corsi Marinette Kamaha (Bordeaux University, France), The social performance of the non-bank microcredit in France Safia Sahaimi (Autonomous University of Madrid) Risk Management and MFIs Room: B Behavioral Economics and Lending Methodologies Session chair: Øystein Strøm Bertil Tungodden (Norwegian School of Economics, Norway), Disabled by stereotype? Experimental evidence from Uganda, coauthor Kjetil Bjorvatn Øystein Strøm (Oslo and Akershus University College, Norway), Group and Individual loan in Microfinance, coauthor Roy Mersland Armando Jose Garcia Pires (Institute for Research in Economics and Business Administration, Norway), Can Lab Behavior Predict Entrepreneurship Outcomes, coauthor Lars-Ivar Oppedal Berge, Kjetil Bjorvatn, and Bertil Tungodden Carmen Kislat (Leibniz Universität Hannover, Germany), The use of Collateral in formal and informal lending, coauthors Lukas Menkhoff and Doris Neuberger Room B Operational Efficiency of Microfinance Institutions Session chair: Ranjula Bali Swain Jaap W.B. Bos (Maastricht University, Netherlands), Practice What you Preach: Microfinance Business Models and Operational Efficiency, coauthor Matteo Millone Trishit Bandyopadhyay (XLRI School of Management, India), The impact of the 2010 crisis on the Operational Efficiency of Indian Microfinance Institutions (MFIs), coauthor Savita Shankar M.A. Baqui Khalily (Institute of Microfinance, Bangladesh), Impact of Regulation on the

13 Third European Research Conference on Microfinance TUESDAY JUNE 11 Cost Efficiency of Microfinance Institutions in Bangladesh, coauthors M. Abdul Khaleque and S. Badruddoza Ashim Kumar Kar (University of Helsinki, Finland) and Ranjula Bali Swain (Uppsala University, Sweden) Increased Competition among Microfinance Institutions and its effect on Outreach, Financial Performance and Efficiency: Recent Cross-country Evidence Room: B Impact of Microcredit on Poverty Alleviation Session chair: Britta Augsburg Britta Augsburg (Institute for Fiscal Studies, UK), Microfinance, Poverty and Education, coauthors Ralph De Haas, Heike Harmgart and Costas Meghir Kumar Aniket (University of Cambridge, UK), Beyond Microcredit: Giving the Poor a Way to Save Their Way out of Poverty ATM Jahiruddin (Khulna University, Bangladesh), Microcredit and poverty reduction does the same shoe fit all?, coauthors Patricia Short, M. Adil Khan and Tania Afroze E. A. Onemolease (Ambrose Alli University, Nigeria), Effectiveness of private sector intervention in Micro-credit delivery in Delta State of Nigeria. A case study of the Shell Petroleum Development Company, coauthor S.O. Alakpa Room: B Microfinance Clients Session chair: Anaïs Périlleux 13:00 14:00 Lunch at UiA Cafeteria Charlotte Wagner (Finance in Motion, Germany), Growth patterns of microfinance clients Evidence from Sub-Saharan Africa, coauthor Adalbert Winkler Madiha Khan (University of Malakand, Pakistan), Is ROSCA an alternative funding source for the poor? Eddy Balemba Kanyurhi (Université Catholique de Bukavu, DRC), Microfinance and Customers satisfaction: a scale measurement development Anaïs Périlleux (CERMi, IRES, CIRTES, Université Catholique de Louvain, Belgium) and Mark Labie (CERMi, University of Mons, Belgium), Positive incentives in Microfinance: A game theory approach, coauthor Thomas Brihaye and Julie de Pril 14:00 15:45 Parallel Sessions Room: B Relationship between Entrepreneurial Activity and Microfinance Session chair: Ben Soltane Ben Soltane (Higher Institute of Management, Tunisia) The Effect of Microfinance Factors and Opportunity on Women Entrepreneurs Performance in Tunisia, coauthor Imen Elmezni

14 Third European Research Conference on Microfinance TUESDAY JUNE 11 Ana Beatriz Santos (Norwegian School of Economics, Norway), Can entrepreneurial skills be taught? Experimental evidence from young Tanzania Nhung Thi Hong Vu (University of Groningen, Netherlands), Business Training Services: A Randomized Experiment among Female Microfinance Clients in Vietnam, coauthors Robert Lensink and Erwin Bulte Neil McHugh (Glasgow Caledonian University, UK), First Steps towards Self-employment Microcredit for Enterprise in Scotland Room B Formal vs. Informal Lending Session chair: Solène Morvant-Roux Chau N. H. Nguyen (Monash University, Australia), Does microcredit change informal lending in village economies? Evidence from Bangladesh, coauthors Asadul Islam and Russell Smyth Samuel Lee (New York University, USA) Financing from Family and Friends, coauthor Petra Persson Solène Morvant-Roux (Fribourg University, Switzerland), Agricultural Labour, Family Networks and Formal Credit Rationing in Western Mexico, coauthors Emmanuelle Bouquet and Gerardo Rodríguez-Solis Kristina Walker Pedersen (University of Agder), Informal Savings and Loan Associations: Where are we now and what have we learned? An Overview Room: B University Meets Microfinance (UMM) Student Session Session Chair: Karla Henning (UMM team) Nicole Tode (University of Goethe, Germany), Transforming Microfinance Institutions: A possible way to go for Moroccan Microcredit Associations Mohammad Sadiqunnabi Choudhury (University of East London, UK), Vulnerability to Poverty Insurance Role of Microsavings against Crises in Northeast Rural Bangladesh Mikael Parachos (ESSEC Business School, France), Credit bureau in Egypte lessons learnt Muluneh Hideto (Jimma University, Ethiopia), Corporate governance and firm growth in microfinance organizations, coauthors Roy Mersland and Daudi Pascal Session Chair: Karla Henning (UMM team)

15 Third European Research Conference on Microfinance TUESDAY JUNE 11 Room: B Loan Size and Repayment Rates Session chair: Lucia dalla Pellegrina Lucia dalla Pellegrina (Bocconi University, Italy), Friends, Family and Fools: Co-signers and Repayment Rates in Microcredit. Evidence from Italy, coauthor Anotonio Scollo Anastasia Cozarenco (Aix-Marseille University, France), Microcredit in Developed Countries: Unexpected Consequences of Loan-Size Ceilings, coauthor Ariane Szafarz Rajalaxmi Kamath (Indian Institute of Management, India), MFI (Microfinance Institutes) Borrowers: Their loans and Repayments A study in Ramanagaram, India, coauthors Abhi Dattasharma and Smita Ramanathan A.C. Karunaratna (University of Ruhuna, Sri Lanka), Recent Challenges in Microfinance Recovery: Evidence from Sri Lanka, coauthor Silvia M.W.S.S Room: B Risk Management in Microfinance Institutions Session chair: Gregor Dorfleitner S. Badruddoza (Institute of Microfinance, Bangladesh), Seasonality of Microcredit Supply in Bangladesh Gregor Dorfleitner (University of Regensburg, Germany), Modeling defaults of Microfinance Institutions, coauthors Michaela Leidl and Christopher Priberny Asif Dowla (St. Mary s College of Maryland, USA), Bankers to the poor, bother to the state Political Risks in Microfinance Begoña Gutiérrez-Nieto (University of Zaragoza, Spain), A Social Approach to Microfinance Credit Scoring, coauthors Carlos Serrano Cinca and Nydia M. Reyes Room: B Impact of Savings Groups and Microsavings on Household Welfare Session chair: Ole Dahl Rasmussen Abiola Babajide (Covenant University, Nigeria), Microsavings mobilization innovations and poverty alleviation in Nigeria Daniel Rozas (Financial Access Initiative, Belgium), The Business Models behind MFI Deposits Ole Dahl Rasmussen (University of Southern Denmark, Denmark), The impact of Village savings and Loans Associations on Household Welfare: Evidence from a Cluster Randomized Trial, coauthors Christopher Ksoll, Helene Bie Lilleør and Jonas Helth Lønborg

16 Third European Research Conference on Microfinance TUESDAY JUNE 11 Sophie Romana (Oxfam America), Saving for Change: Financial Inclusion and resilience for the world s poorest people 15:45 16:15 Coffee Break (outside Auditorium B1 018) 16:15 18:00 Parallel Sessions Room: B Assessment of Financial Performance of MFI s Session Chair: Galina Andreeva Mathias Schmit (Université Libre de Bruxelles, Belgium) Tier 1 MFIs Financial Performance: Cash-flow statement analysis, coauthor Gautier Dumont Definta Ria Astuti (Universitas Indonesia, Indonesia), The Impact of Macroeconomic on the Financial Performance of the Microfinance Institutions in Java Island, Indonesia, coauthor Bambang Hermanto Knar Khachatryan (SKEMA Business School, France), Performance and Capital Structure of Microfinance Institutions in Eastern Europe and Central Asia, coauthor Valentina Hartarska Galina Andreeva (University of Edinburgh, UK), Profitability analysis of a Colombian microcredit programme, coauthors Luis Javier Sánchez and Jake Ansell Room: B Mobile Money and Branchless Banking Session chair: Robert Vermeulen Francesc Prior Sanz (Universitat Internacional de Catalunya, Spain), Mobile financial services in Mediterranean Partner countries HK Pradhan (Xavier Labour Relations Institute, India), Branchless Banking: A Business Linkage for Financial Inclusion in India, coauthor Amit Raje Baptiste Venet (University Paris-Dauphine, France), Financial Behavior and mobile banking in Madagascar: Promises are only binding to those who believe them, coauthor Florence Arestoff Robert Vermeulen, (De Nederlandsche Bank, Netherlands), Migrant s Choice of Remittance Channel: Do General Payment Habits play a Role?, coauthor Anneke Kosse Room: B Regulation and Policy Issues in Microfinance Session chair: Samapti Guha Verónica Trujillo Tejada (Salamanca University, Spain), How is microfinance industry been regulated in Latin America?, coauthors Victoria Muriel Patino and Fernando Rodríguez López

17 Third European Research Conference on Microfinance TUESDAY JUNE 11 Tawheed Reza Noor (Jawaharlal Nehru University, India), Regulatory Control over Microfinance in Bangladesh: Upcoming Issues and Challenges Samapti Guha (Tata Institute of Social Sciences, India), Does Regulatory framework of Microfinance Institutions matter in the economic benefit of customers? Evidence from Urban Slums in Mumbai, coauthor Chandralekha Ghosh Mahboob Elahi Akhter (Central Bank of Bangladesh, Bangladesh), Policy Issues of Micro-finance: A case study from Bangladesh, coauthor Tanbeen Hasan Room: B Microfinance and Development Session chair: Maricruz Lacalle-Calderón Maricruz Lacalle-Calderón (Autonomous University of Madrid, Spain), Microfinance and foreign aid in Financing Development: A comparative Analysis, coauthor Javiel Alfonso-Gil Mohshin Habib (Swinburne University of Technology, Australia), The Impact of Microfinance on food Consumption: A quasi-experimental research approach in Bangladesh, coauthor Christine Jubb Bagus Aryo (Universitas Indonesia, Indonesia), Ideological perspective of policy makers on market-based poverty alleviation and microfinance: A case study of state sponsored microfinance programme in Indonesia Ahmed Smahi (Université de Tlemcen, Algeria), Impact Assessment of Microfinance on Poor Household Using Subjectif Data: Evidence from Algeria Room: B Microfinance in a Different Context Session chair: Ariane Szafarz Neil McHugh (Glasgow Caledonian University, UK), Indicators used to measure the effect of microcredit interventions on health: a systematic review (preliminary results), coauthors Cam Donaldson, Rachel Baker and Sylvie Vigneux Ariane Szafarz (CERMi, Université Libre de Bruxelles, Belgium), Vive la Différence: Social Banks and Reciprocity in the Credit Market, coauthor Simon Cornée Rashidah Abdul Rahman (Universiti Technologi Mara, Malaysia), Bank Staff s Intention to apply Islamic Micro-Investment Model (IMM): Empirical Evidence from Malaysia, coauthor Aliyu Dahiru Muhammad and Ismail Mahayuddin Muhammad Zubair (Islamic Microfinance Network, Pakistan), Islamic Microfinance An effect tool for Poverty Alleviation and Sustainable Development

18 Third European Research Conference on Microfinance TUESDAY JUNE 11 Room: B Transformation and Business Models in Microfinance Session chair: Bernd Balkenhol Marek Hudon (CERMi, Université Libre de Bruxelles, Belgium), Transforming social enterprises: the case of Kenyan and Vietnamese microfinance institutions, coauthor Céline Louche Kim Wagenaar (University of Cambridge, UK), Institutional transformation and mission drift in microfinance Phillipe Louis (University of Leuven, Belgium), Do for-profit microfinance institutions achieve better financial efficiency and social impact? A generalized estimation equations panel data approach, coauthor Bart Baesens Bernd Balkenhol (University of Geneva, Italy), Micro-franchising a new frontier in micro-finance? 19:30 GALA DINNER hosted by Alliance Microfinance AS and Strømme Microfinance AS Location: Christiansholm Fortress (Kristiansand City Center) Menu: Norwegian seafood buffet Music by saxophonist Pontus Engstrøm with band

19 Third European Research Conference on Microfinance WEDNESDAY JUNE 12 9: Plenary Session, Auditorium B1 018 Plenary Speakers > Marcella Corsi (Sapienza University, Italy), Microfinance in Europe: Where do we stand? > Marek Hudon (CERMi, Université Libre de Bruxelles, Belgium), Subsidies and Microfinance: What do we know? > Isabelle Guérin (Institute of Research for Development, France), Microfinance crisis: Evidence from the field > Roy Mersland (University of Agder, Norway), The future of microfinance: Market opportunities and historical insights Chair: Trond Randøy (University of Agder, Norway) 10:45 11:15 Coffee Break (outside Auditorium B1 018) 11:15 13:00 Parallel Sessions Room: B Women s Participation in Financial Services Session chair: Susan Johnson Bert D Espallier (Hogeschool-Universiteit Brussel, Belgium), Barriers to Self-Employment, coauthor Isabelle Guérin Susan Johnson (University of Bath, UK), We don t have this is mine and this is his : managing money and the character of conjugality Anaïs Périlleux (CERMi, IRES, CIRTES, Université Catholique de Louvain, Belgium), Female Managers in Hybrid Organizations: Evidence from Financial Cooperatives in Senegal, coauthor Ariane Szafarz Supriya Garikipati (University of Liverpool, UK), Borrowing and Women s Empowerment: Does Type of Credit Matter?, coauthors Isabelle Agier, Isabelle Guérin and Ariane Szafarz 7.2 Room: B2 002 Group Lending and Peer-to-peer Lending Session chair: Thilo Klein Britta Augsburg (Institute for Fiscal Studies, UK), Group Lending or Individual Lending? Evidence from a Randomized Field Experiment in Rural Mongolia, coauthors Orazio Attanasio, Ralph De Haas, Emløa Fitzsimons and Heike Harmgart Thilo Klein (University of Cambridge, UK), Anti-diversification pay! A model of endogenous matching and repayment in Thai group lending Anjana Dube (Indian Institute of Management, India), Micro-finance Group Processes. Effect of Threat Perception, Peer Pressure and Joint Liability, coauthors Ramadhar Singh

20 Third European Research Conference on Microfinance WEDNESDAY JUNE 12 and Rajalaxmi Kamath Djamchid Assadi (Burgundy School of Business, France), Do People Say What the Brands Want Them to Say? The case of the social lending websites: Kiva and Zopa Room: B Impact of Self-help Groups Session chair: Madhubala Swami Madhubala Swami (R.A.D.A.V. College, India), Microfinance Activities of Self-Help Groups in Urban India: A Case Study M.M. Goel (Kurukshetra University, India), Microfinance in India An Evaluation of Self Help Groups Scheme, coauthor Virander Pal Goyal Vasanthakumari (N.S.S. College, India), Social Performance of SHG affiliated micro credit based enterprises in India: A study with special reference to capacity building and social upliftment of rural women Room: B Financial Sustainability of MFIs and Poverty Outreach Session chair: Fabrizio Botti Fabrizio Botti (University of Perugia, Italy), Walking on a tightrope: Balancing MF financial sustainability and poverty orientation in Mali, coauthor Renata Serra Gashaw Tadesse Abate (University of Trento, Italy), Financial Sustainability and Outreach of Microfinance Institutions in Ethiopia: Does Organizational Form Matter?, coauthors Carlo Borzaga and Kindie Getnet Gladys Edusei (Université d Aix Marseille II DEFI, France) Microfinance Double Bottom Line Impact Assessment in sub-saharan Africa Ganka Daniel Nyamsogoro (Mzumbe University, Tanzania), Microfinance Outreach and Financial Sustainability: A simultaneous causality analysis Room: B Social Impact of Microfinance Institutions Session chair: Muhammad Moshfique Uddin Muhammad Moshfique Uddin (University of York, UK) and Abu Saleh Mohammad Musa (Microfinance EXPOSURE, Bangladesh), Social Performance Situation Assessment of Microfinance Sector in Bangladesh Andrew Crawford (Monash University, Australia), Are profitable microfinance programs less efficient at reaching the poor? A case study in Cambodia, coauthors Michael Skully and David Tripe

21 Third European Research Conference on Microfinance WEDNESDAY JUNE 12 Thanawit Bunsit (Thaksin University, Thailand), The Impact of Microfinance on Happiness and Wellbeing in rural Thailand Mawenu Robert (Mountains of the Moon University, Uganda), How do low income-parents pay school fees? A diary based inquiry from Western Uganda, coauthor Oliver Schmidt Room: B Mission Drift and Efficiency of Microfinance Institutions Session chair: Sarath Abeysekera Sarath Abeysekera (University of Manitoba, Canada), Sustainability and Mission Drift: Do Microfinance Institutions in Vietnam Reach the Poor, coauthors Umut Oguzoglu and Thanh Tam Le Akem Noela Forkusam (Carl Von Ossietzky University, Germany), Does financial globalization affect microfinance mission drift: Empirical evidence from Sub Saharan Africa N. Vijaya (Kakatiya University, India), Mainstreaming of Micro Finance in India An Imperative Session chair: Sarath Abeysekera 13:00 14:00 Lunch at UiA Cafeteria END OF CONFERENCE

22 NORWEGIAN CENTRE FOR MICROFINANCE RESEARCH SUPPORTED BY Local organising committee: Roy Mersland Conference Chair Trond Randøy Leif Atle Beisland Unni S. Holbrook Daudi Pascal Celeste De la Huerta