We summarize the joint work of academic scholars and ETIMOS (an Italian foundation involved in microfinance) for the evaluation of the intervention of the latter in Sri Lanka in the aftermath of the 2004 tsunami. After the shock ETIMOS recapitalized a local microfinance bank which faced a huge loss in its loan portfolio; then in 2007 and 2011 academic researchers conducted impact evaluations of such intervention. The main results are positive under different viewpoints since: i) the loans received after the shock were effective for the subjective and objective recovery of damaged people, and ii) the recovery aids highly damaged borrowers received enhanced a significant level of generosity among interviewed villagers.
MICROFINANCE IN A POST-DISASTER CONTEXT: THE CASE OF THE 2004 TSUNAMI IN SRI LANKA
CONZO, Pierluigi;
2013-01-01
Abstract
We summarize the joint work of academic scholars and ETIMOS (an Italian foundation involved in microfinance) for the evaluation of the intervention of the latter in Sri Lanka in the aftermath of the 2004 tsunami. After the shock ETIMOS recapitalized a local microfinance bank which faced a huge loss in its loan portfolio; then in 2007 and 2011 academic researchers conducted impact evaluations of such intervention. The main results are positive under different viewpoints since: i) the loans received after the shock were effective for the subjective and objective recovery of damaged people, and ii) the recovery aids highly damaged borrowers received enhanced a significant level of generosity among interviewed villagers.
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