Performance and International Investments in Microfinance Institutions

Working Paper N° 11/054

30 Pages Posted: 25 Jan 2017

Date Written: 2011

Abstract

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.

Keywords: microfinance, commercialisation, socially responsible investors, microfinance investment vehicles, social performance

JEL Classification: G11, G23, L2, O16, O17

Suggested Citation

Mersland, Roy and urgeghe, ludovic, Performance and International Investments in Microfinance Institutions (2011). Working Paper N° 11/054, Available at SSRN: https://ssrn.com/abstract=2356857 or http://dx.doi.org/10.2139/ssrn.2356857

Roy Mersland (Contact Author)

University of Agder ( email )

Serviceboks 422
N-4604 Kristiansand, VEST AGDER 4604
Norway

HOME PAGE: http://www.uia.no/microfinance

Ludovic Urgeghe

Independent

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