التفاصيل البيبلوغرافية
| العنوان: |
FINANCIAL PERFORMANCE AND OUTREACH: A GLOBAL ANALYSIS OF LEADING MICROBANKS. |
| المصدر: |
Economic Journal; Feb2007, Vol. 117 Issue 517, pF107-F133, 27p, 13 Charts, 4 Graphs |
| مصطلحات موضوعية: |
FINANCIAL performance, MICROFINANCE, BANKING industry, POOR people, LOANS, REPAYMENTS |
| مستخلص: |
Microfinance promises to reduce poverty by employing profit-mating banking practices in low-income communities. Many microfinance institutions have secured high loan repayment rates but, so far, relatively few earn profits. We examine why this promise remains unmet. We explore patterns of profitability, loan repayment, and cost reduction with unusually high-quality data on 124 institutions in 49 countries. The evidence shows the possibility of earning profits while serving the poor, but a trade-off emerges between profitability and serving the poorest. Raising fees to very high levels does not ensure greater profitability and the benefits of cost-cutting diminish when serving better-off customers. [ABSTRACT FROM AUTHOR] |
|
Copyright of Economic Journal is the property of Oxford University Press / USA and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
| قاعدة البيانات: |
Complementary Index |
Full Text Finder