Search results for "loan"
showing 10 items of 122 documents
Do Female Loan Officers Mitigate Social-Financial Trade-Offs in Microfinance?
2021
This paper revisits social-financial trade-offs in microfinance. We theorize that workforce diversity mitigates the divergence between social and financial performance levels. We test our prediction by performing fixed-effects generalised least squares regressions on a global sample of 1257 microfinance institutions (MFIs) in 107 countries over the period 2010–2018. Confirming our prediction, the empirical results show that the proportion of female loan officers attenuates the negative relationship between the social performance and the financial performance of MFIs. We attribute our findings to the personal characteristics of female loan officers and the high repayment rates of loans that …
Does it (re)pay to be female? Considering gender in microfinance loan officer-client pairs
2021
This paper examines the effect of the gender combination of client-loan officer pairs on loan repayment in an Ecuadorian microfinance institution. We show that among the four possible client-loan officer gender pairs i.e. female client-female loan officer, female client-male loan officer, male client-male loan officer and male client-female loan officer, the most favourable pairs in terms of repayment are those with female loan officers whereas the least favourable are those with male loan officers. We also show that repayment is even further enhanced for all client-loan officer pairs when the client’s previous loan officer was a woman. Our findings point to relational differences between m…
Measuring microfinance performance
2015
MFIs are measured according to two dimensions. One is their outreach to poor people, that is, their ability to provide poor families access to financial services. This is the MFIs’ social mission. The other dimension is their financial sustainability, that is, their ability to pay their employees, lenders, and other suppliers, in short, their ability to produce a profit from their operations. We set out the main microfinance measures and confirm earlier findings that profitability is rather weak in microfinance, and that operational costs constitute a large part of the total costs. We argue that researchers should put more efforts into identifying the MFI’s cost drivers because social outre…
Il mutuo fondiario e la violazione del limite di importo massimo finanziabile: “scotismo” e onnipotenza delle etichette
2023
Il commento analizza una sentenza della Sezioni Unite e affronta il tema delle conseguenze civilistiche dell’erogazione di un mutuo fondiario in misura superiore rispetto al limite di importo massimo finanziabile, stabilito dalla Banca d’Italia in forza dell’art. 38, comma 2, T.U.B. La pronuncia si presenta di grande interesse perché correttamente esclude che il superamento di tale limite possa comportare la nullità del contratto di finanziamento, pervenendo a conclusioni in larga parte condivisibili tanto sui presupposti quanto sulle caratteristiche della nullità per violazione di norme imperative. Non altrettanto fondata si rivela, invece, l’ulteriore conclusione contraria al riconoscimen…
Effects of financial crisis on funding and credit policies: A comparative analysis between Italian local banks
2014
THIS PAPER AIMS TO INVESTIGATE THE PERFORMANCE OF ITALIAN SMALL COOPERATIVE BANKS IN THREE REGIONAL AREAS DURING THE YEARS OF GLOBAL CRISIS
Slippers, slip-on a sneakers aneb několik poznámek k jazykovým výpůjčkám ve světe módy
2017
Slippers, slip-on and sneakers - a few remarks on language borrowing in the world of fashion. Our paper addresses use of neological loanwords in the field of fashion. Regarding the fact that the main source of neological loanwords is in English, we will focus on Anglicisms used to describe different types of shoes. Specifically, we have chosen these tree words: slippers, sneakers, slip-on. The main purpose of our article is to describe the freąuency and use of these words in Czech and French.
Mapping accretion variability in NGC 2264
2014
Our study aims at characterizing the accretion properties of several hundred members of the star-forming region NGC 2264 (3Myr). We performed a deep u,g,r,i mapping of the cluster with CFHT/MegaCam, and monitored the simultaneous u+r variability of its members over a baseline of two weeks. Stellar parameters are determined homogeneously for about 750 monitored young objects, 40% of which are accreting T Tauri stars. Accretion properties and accretion variability are investigated and characterized from UV excess measurements. Non-accreting members of the cluster define the reference UV emission level over which flux excess is detected and measured. Cone search capability for table J/A+A/570/…
Interbank lending and the spread of bank failures: A network model of systemic risk
2012
We model a stylized banking system where banks are characterized by the amount of capital, cash reserves and their exposure to the interbank loan market as borrowers as well as lenders. A network of interbank lending is established that is used as a transmission mechanism for the failure of banks through the system. We trigger a potential banking crisis by exogenously failing a bank and investigate the spread of this failure within the banking system. We find the obvious result that the size of the bank initially failing is the dominant factor whether contagion occurs, but for the extent of its spread the characteristics of the network of interbank loans are most important. These results ha…
El préstamo participativo, ¿tiene el mismo impacto que el capital riesgo en el crecimiento de la pequeña y mediana empresa?
2014
ResumenEl préstamo participativo y el capital riesgo tienen distinta naturaleza, pues mientras el primero es un recurso ajeno, el capital riesgo es un fondo propio. Sin embargo, los profesionales de ambos sectores no encuentran, desde una perspectiva cualitativa, diferencias entre estos instrumentos.Con el objetivo de sustentar cuantitativamente esta percepción, el presente trabajo aborda el análisis estadístico comparativo del efecto que cada uno de estos recursos tiene en 11 variables representativas del crecimiento empresarial, de modo que podamos determinar las posibles analogías entre el impacto que ejercen el préstamo participativo y el capital riesgo sobre el crecimiento de la pequeñ…
Improved measurement of neutral current coherent pi(0) production on carbon in a few-GeV neutrino beam
2010
The SciBooNE Collaboration reports a measurement of neutral current coherent pi(0) production on carbon by a muon neutrino beam with average energy 0.8 GeV. The separation of coherent from inclusive pi(0) production has been improved by detecting recoil protons from resonant pi(0) production. We measure the ratio of the neutral current coherent pi(0) production to total charged current cross sections to be 1.16 +/- 0.24) x 10(-2). The ratio of charged current coherent pi(+) to neutral current coherent pi(0) production is calculated to be 0.14(-0.28)(+0.30), using our published charged current coherent pion measurement.