Article ID Journal Published Year Pages File Type
5097851 The Journal of Economic Asymmetries 2008 15 Pages PDF
Abstract
This study surveys microfinance institutions (MFI) which are designed to provide loans and other financial services to the poor, particularly women. Although innovations have reduced loan defaults, most MFIs are losing money. The most profitable MFIs target the upper-end of the poor thereby raising concerns of mission drift. Because profitable MFIs tend to be the largest and most experienced, there is hope that growth over time will lead to self-sufficiency. Increasingly, MFIs are evolving into full-service entities which are raising increasing amounts of commercial funds.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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