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- W2000334311 abstract "We evaluate the effectiveness of microfinance as a recovery tool after tsunami by testing the impact of an equity injection from foreign donors which recapitalizes a Sri Lankan MFI and allows it to refinance borrowers seriously damaged by the calamity. We find that loans obtained from the MFI after the catastrophic event have a positive and significant effect on the change in real income and in weekly worked hours, and that the impact on performance variables is significantly stronger for damaged than non-damaged borrowers. Results hold after controlling for selection effects and for heterogeneity in both the timing of the intervention and the characteristics of treatment and control samples." @default.
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- W2000334311 date "2011-06-01" @default.
- W2000334311 modified "2023-10-12" @default.
- W2000334311 title "Does Microfinance Work as a Recovery Tool After Disasters? Evidence from the 2004 Tsunami" @default.
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- W2000334311 doi "https://doi.org/10.1016/j.worlddev.2009.10.020" @default.
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