Khandker, Shahidur R.2014-08-012014-08-012003-01https://hdl.handle.net/10986/19180Micro-finance supports mainly informal activities that often have low market demand. It may be thus hypothesized that the aggregate poverty impact of micro-finance in an economy with low economic growth is modest or nonexistent. The observed borrower-level poverty impact is then a result of income redistribution or short-run income generation. The author addresses these questions using household level panel data from Bangladesh. The findings confirm that micro-finance benefits the poorest and has sustained impact in reducing poverty among program participants. It also has positive spillover impact, reducing poverty at the village level. But the effect is more pronounced in reducing extreme rather than moderate poverty.en-USCC BY 3.0 IGOAGGREGATE LEVELANTIPOVERTY PROGRAMSASSET VARIABLESBENEFICIARIESBORROWINGCAPITAL MOBILITYCOMMERCIAL BANKSCONSUMPTION DATADATA ANALYSISDATA COLLECTIONDATA SETDESCRIPTIVE STATISTICSDEVELOPMENT PRACTITIONERSDEVELOPMENT STUDIESECONOMIC FACTORSECONOMIC GROWTHEMPLOYMENTENTREPRENEURSHIPEXTERNALITIESEXTREME POVERTYFEMALE EDUCATIONFINANCIAL SERVICESGROWTH RATEHOUSEHOLD CHARACTERISTICSHOUSEHOLD CONSUMPTIONHOUSEHOLD HEADHOUSEHOLD LEVELHOUSEHOLD SURVEYHOUSEHOLD WEALTHHOUSEHOLD WELFAREHUMAN CAPITALIMPACT ASSESSMENTINCIDENCE OF POVERTYINCOMEINCOME GENERATIONINCOME REDISTRIBUTIONINFORMAL ACTIVITIESINTRA-HOUSEHOLD DISTRIBUTIONLANDLESS HOUSEHOLDSLONGITUDINAL DATAMARGINAL PRODUCTMICRO- FINANCE PROGRAMSMICRO-FINANCE PROGRAMSMICROFINANCENGOPOLICY RESEARCHPOOR HOUSEHOLDSPOVERTY IMPACTPOVERTY IMPACTSPOVERTY LINEPOVERTY REDUCTIONPOVERTY STATUSPRODUCERSPRODUCTIVITYPROGRAM EFFECTSPROGRAM IMPACTSPROGRAM PLACEMENT BIASPROGRAMSREAL TERMSREDUCING POVERTYRURAL AREASRURAL HOUSEHOLDSRURAL POVERTYSAMPLE HOUSEHOLDSSAVINGSSOCIAL INDICATORSSOCIO-ECONOMIC FACTORSSOCIOECONOMIC IMPACTSTARGETINGTRANSACTION COSTSVILLAGE CHARACTERISTICS MICROFINANCEPOVERTY INCIDENCEPOVERTY ESTIMATESLABOR MARKET NEXUSAGGREGATE VARIABILITYPOVERTY LINEECONOMIC CONSTRAINTSINCOME REDISTRIBUTIONINCOME GENERATIONHOUSEHOLD DATAPOVERTY REDUCTIONSPILLOVER EFFECTSABSOLUTE POVERTY10.1596/1813-9450-2945