6533b7dbfe1ef96bd1270a87

RESEARCH PRODUCT

Performance and international investments in microfinance institutions

Roy MerslandLudovic Urgeghe

subject

MicrofinanceFinancial performancemicrofinance; commercialisation; socially responsible investors; microfinance investment vehicles; social performanceDeveloping countryFinancial systemExternal debtjel:G23law.inventionjel:G11jel:L20lawVDP::Social science: 200::Economics: 210::Economics: 212Corporate social responsibilityjel:O17jel:O16Business

description

Preprint of the published version of an article from Strategic Change Using data from 319 microfinance institutions (MFIs) in 68 developing countries, we study the degree to which international debt investments are related to the financial and social performances of MFIs. We find that commercial investments are mainly related to financial performance and level of professionalisation of the MFIs. The targeting of women is not a priority, even though international commercial investors target MFIs that provide small loans. Subsidised investments, however, are mainly driven by the targeting of women, while financial performance and the level of professionalisation of the MFI is not a priority.

yearjournalcountryeditionlanguage
2013-01-01
https://dipot.ulb.ac.be/dspace/bitstream/2013/103401/1/wp11054.pdf