The Triangle of Microfinance
The Triangle of Microfinance

Author: Manfred Zeller

Publisher: Intl Food Policy Res Inst

Published: 2002-01-01

Total Pages: 426

ISBN-13: 080187226X

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Since the 1980s when the microfinance revolution began, much has been accomplished, but the field became more refined in the 1990s as a result of shifts in paradigms, strategies, and development practices. This volume addresses the three policy objectives that now occupy those who wish to use credit as a development tool: financial sustainability of microfinance institutions, outreach to the poor, and welfare impact. Inevitable tradeoffs exist among these objectives, and the book advances an analytical framework that assists students of and experts in microfinance to identify the tradeoffs and synergies at the institutional level and in the policy environment. The book features a wealth of empirical data and innovative analytical studies, and critically discusses the role of public support for microfinance institutions (MFIs) in light of the social costs and benefits generated by such financial systems. The book is organized into five parts. The first discusses the demand for and access to financial services by the poor, emphasizing that demand-oriented, pro-poor financial services are crucial in reaching the poor. The second is concerned with two of the criteria used to evaluate MFIs—outreach and financial sustainability. The third features innovative econometric studies seeking to evaluate the impact of MFIs at the household level. The fourth looks at the role of both public- and private-sector institutions in developing sustainable financial systems. And the fifth summarizes implications for policy and research. Given the lack of sound, empirical literature on microfinance, this volume is sure to advance knowledge and research methodology in the field.

Building an Entrepreneurial and Sustainable Society
Building an Entrepreneurial and Sustainable Society

Author: Hernández-Sánchez, Brizeida R.

Publisher: IGI Global

Published: 2020-03-27

Total Pages: 369

ISBN-13: 1799827062

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As the global economy continues to evolve, the idea of sustainability has become a prevalent area of concentration. Businesses are searching for more environmentally and socially conscious practices as the market distances itself from the industrial age. Implementing sustainable initiatives starts with entrepreneurs, as these individuals are the foundation for creating and building profitable societies. Understanding the practice of sustainable entrepreneurship is pivotal in predicting future trends in business and the economy. Building an Entrepreneurial and Sustainable Society provides emerging research exploring the theoretical and practical aspects of sustainability within entrepreneurship and its applications in modern socioeconomics. Featuring coverage on a broad range of topics such as public policies, internationalization, and social innovation, this book is ideally designed for entrepreneurs, business specialists, professionals, researchers, managers, economists, educators, scholars, and students seeking current research on the evolution of sustainable entrepreneurship and its contextual factors.

Financial Performance and Outreach
Financial Performance and Outreach

Author: Robert J. Cull

Publisher: World Bank Publications

Published: 2006

Total Pages: 51

ISBN-13: 0601241630

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Microfinance contracts have proven able to secure high rates of loan repayment in the face of limited liability and information asymmetries, but high repayment rates have not translated easily into profits for most microbanks. Profitability, though, is at the heart of the promise that microfinance can deliver poverty reduction while not relying on ongoing subsidy. The authors examine why this promise remains unmet for most institutions. Using a data set with unusually high quality financial information on 124 institutions in 49 countries, they explore the patterns of profitability, loan repayment, and cost reduction. The authors find that institutional design and orientation matter substantially. Lenders that do not use group-based methods to overcome incentive problems experience weaker portfolio quality and lower profit rates when interest rates are raised substantially. For these individual-based lenders, one key to achieving profitability is investing more heavily in staff costs-a finding consistent with the economics of information but contrary to the conventional wisdom that profitability is largely a function of minimizing cost.

Microfinance and Public Policy
Microfinance and Public Policy

Author: Bernd Balkenhol

Publisher: Palgrave Macmillan

Published: 2007-12-15

Total Pages: 194

ISBN-13: 9780230547025

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Microfinance institutions (MFIs) provide a public good: they provide income-creating financial services to un-bankable people. If MFIs create and deepen markets where none existed before, there may be a case for public support. While subsidies are generally not favorably seen in financial sector development, being difficult to target and possibly distorting the local financial market, there may be situations where the net social benefits of micro-finance may exceed those of not doing anything and of alternative anti-poverty programs. Under such circumstances longer-term public support may be justifiable. This book is based on a study of forty-five MFIs carried out by ILO, in partnership with the Universities of Geneva and Cambridge. The application of factor analysis and cluster analysis shows that MFIs form clusters in terms of social and performance. Within each cluster there is one institution that is most efficient on both scores. Public support should ensure that the relative efficiency of MFIs is enhanced, it should not prod MFIs to modify their mission and position between poverty outreach and profitability.

Microfinance and Public Policy
Microfinance and Public Policy

Author: B. Balkenhol

Publisher: Springer

Published: 2007-11-16

Total Pages: 280

ISBN-13: 0230300022

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Microfinance institutions (MFIs) provide a public good; if MFIs create and deepen markets where none existed before, there may be a case for public support. This book is based on a study of 45 MFIs, and applies factor analysis and cluster analysis to show that MFIs form clusters in terms of social and financial performance.

Microfinance
Microfinance

Author: Gianfranco A. Vento

Publisher: Springer

Published: 2006-07-25

Total Pages: 195

ISBN-13: 0230627587

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Microfinance is a comprehensive analysis of the operational, managerial and financial aspects of microfinance. The text provides a contemporary analysis of microfinance business covering the risks, returns and management issues associated with such activity. It analyzes the main products and services available in modern microfinance and explains how to manage the financial and non financial risks involved. The book also provides a performance and monitoring model for microfinance programmes and describes how microfinance can be regulated.

Mibanco, Peru
Mibanco, Peru

Author: Nimal Fernando

Publisher: Asian Development Bank

Published: 2003

Total Pages: 28

ISBN-13: 9715614965

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This systematic analysis of the lessons learned at Mibanco--a micro-finance bank in Peru designed to provide sophisticated banking services to poor and low-income households--provides an example for microfinance banks in Asia. Mibanco's successes, which managed to blend aid to large segments of society that badly needed financial services with profitability--are potentially very instructive for an Asian private sector that has not yet been convinced of the profitability of microfinance banks. Among the lessons highlighted for microfinance banks and economic scholars is the usefulness of balancing rural investment and aid with delivering services to urban regions.

Microfinance 3.0
Microfinance 3.0

Author: Doris Köhn

Publisher: Springer

Published: 2013-12-02

Total Pages: 207

ISBN-13: 3642417043

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This book focuses on the achievements, current trends and further potential of microfinance to scale-up and serve many more clients with financial services that enable them to improve their living conditions. The book asks what it takes to achieve sustainable impact: to know your clients and to understand their needs, to treat them in a fair and transparent way, and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds light on the future funding landscape and what is necessary to bring more commercial funders on board while ensuring that these new funders will continue the commitment to responsible finance. While being forward looking, the book reflects the debate on core values of microfinance, triggered by recent criticisms of an approach that was hailed as a panacea in the beginning and which had proved over time as one of the most effective models of development finance. These criticisms emerged over signs of overheating in some markets, particularly the 2010 events in Andhra Pradesh, and turned into an assumption of a worldwide microfinance crisis, putting seriously at stake the good reputation microfinance had enjoyed so far.

Microfinance Institutions
Microfinance Institutions

Author: R. Mersland

Publisher: Springer

Published: 2015-12-11

Total Pages: 329

ISBN-13: 113739966X

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Research on MFI performance is still in its infancy. MFIs are hybrid organizations with dual objectives. Performance studies in microfinance are therefore less straightforward compared to performance studies in traditional banking research. This book contains new MFI performance research by top scholars from across the globe.

Impact Measurement of Microfinance Outreach
Impact Measurement of Microfinance Outreach

Author: Van Duong Ha

Publisher:

Published: 2020-05-29

Total Pages: 112

ISBN-13: 9781952751080

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Microfinance outreach is a mission that encompasses all operations of microfinance institutions, it is an important goal to achieve operational sustainability and performance for most microfinance service providers, and help them scale up outreach of financial services to meet the demands, and needs of many poor and low-income people who often have limited outreach to formal financial services due to a number of barriers to their capacity, financial understanding and accessibility. The compilation of the content of this monographs book provides the overall contents of microfinance outreach through the measurement of microfinance outreach indicators. The quantitative models in the microfinance outreach are introduced to find out the factors affecting the microfinance outreach indicators, measuring customer satisfaction towards microfinance outreach and the interaction relationships of microfinance outreach indicators. The content of the book, "Impact Measurement of Microfinance Outreach" associates the microfinance outreach with the quantitative models, not going into proving the testing tools of econometrics but focusing on application tools in analyzing the results of quantitative models. Each quantitative model used in microfinance outreach research has important implications in many angles. The quantitative models will provide theoretical and empirical foundations that contribute positively to research and practical applications for many readers, students and postgraduate students.