A macro perspective on microfinance and wellbeing

الملخص EN

In this paper we aim to test macro impact of microfinance onwellbeing, for this purpose we use a large dataset covering a sample of 91developing countries.

Using an at mean OLS model and a panel data modelfor the period 2000-2015, we test the effect of microfinance on threedimensions which are the headcount poverty ratio, consumption andeducation.

our finding from the first model confirms the hypothesis thatmicrofinance has a positive impact on the monetary wellbeing of the poorand on enrollment at school.

However the fixed effect model results provethat there is a negative impact of microfinance on poverty but the sameresults as the OLS model for the consumption and education proxies hasbeen found.