Performance and international investments in microfinance institutions
Journal article, Peer reviewed
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Original versionMersland, R., & Urgeghe, L. (2013). International Debt Financing and Performance of Microfinance Institutions. Strategic Change, 22(1‐2), 17-29. 10.1002/jsc.1919
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.
Preprint of the published version of an article from Strategic Change