Profitability and Social Performance of Microfinance Institutions: Empirical Evidence of Relations between Different Types of Variables

Revista de Economía Mundial, No. 27, pp. 189-214, 2011

23 Pages Posted: 20 Apr 2011

See all articles by Jorge Gutierrez-Goiria

Jorge Gutierrez-Goiria

University of the Basque Country - Department of Financial Economics II

Beatriz Goitisolo Lezama

affiliation not provided to SSRN

Date Written: April 29, 2010

Abstract

Microfinance is often considered a "double bottom line" sector, which refers to organizations that take care of their financial side and their social responsibility, trying to give minimum coverage to both. An optimistic vision of microfinance programs as a new key for development considered that they had, in themselves, an important social value. This paper contributes to the study of the relations between variables linked to social and financial purposes of a wide database of Microfinance Institutions. The data reflect large differences between the entities, but no relation is found between the size, profitability and social performance of institutions.

Keywords: microfinance, financial institutions, development strategies

JEL Classification: G21, O16, F30

Suggested Citation

Gutierrez-Goiria, Jorge and Goitisolo Lezama, Beatriz, Profitability and Social Performance of Microfinance Institutions: Empirical Evidence of Relations between Different Types of Variables (April 29, 2010). Revista de Economía Mundial, No. 27, pp. 189-214, 2011, Available at SSRN: https://ssrn.com/abstract=1815233

Jorge Gutierrez-Goiria (Contact Author)

University of the Basque Country - Department of Financial Economics II ( email )

Avenida del Lehendakari Agirre 83
48015 Bilbao
Spain

Beatriz Goitisolo Lezama

affiliation not provided to SSRN ( email )

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