QUANTITATIVE MODELS OF ECONOMIC AND SOCIAL IMPACTS FOLLOWING THE INTRODUCTION OF THE MICROFINANCE IN THE SUB-SAHARIAN COUNTRIES
The purpose of the quantitative models is to estimate the possible effects that can follow from the
diffusion of the microfinance, and its services, in the Sub-Saharian African countries as policy-
measures to create development opportunities by improving poor and disadvantaged individuals.
The impact analysis is explaining through two models:
Economic Model - The effects on economic development, deriving from the granting of
microcredits to non-bankable individuals, interested in organizing micro-projects are
measured on the GDP per capita.
Social Model - The social effects are measured in terms of impact on human capital as they
are linked to the expected redemption of the individual-beneficiary who discovers greater
self-confidence as well an affirmation of his own dignity. It is assumed that the granting of
small loans based on forms of solidarity guarantee benefits from the value of the given
word and the sense of belonging to a community having social norms that are not wanted
or cannot be violated. The social effects that could be generated by microcredit should
contribute, therefore, to redeeming the individual from extreme poverty and improving
the quality of human capital, which is notoriously low in quality or non-existent in
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