Efficiency Drivers of MFIs: The Role of Age
World Bank - Consultative Group to Assist the Poor (CGAP); German Institute for Economic Research (DIW Berlin)
February 1, 2009
CGAP Brief, February 2009
Microfinance institutions (MFIs) are becoming more efficient.1 Operating expenses are the most important cost component of MFIs. Institutional efficiency is generally measured by dividing operating expenses by the size of the loan portfolio. An MFI is usually regarded as having become more efficient when it lowers this indicator.
Number of Pages in PDF File: 4
Keywords: microfinance, access to finance, financial inclusionAccepted Paper Series
Date posted: March 6, 2011
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