Heinen, Andréas; Hamadi, Malika; Baquero, Guillermo - Centro Ricerche Nord Sud (CRENoS) - 2013
We describe the competitive environment of microcredit markets globally and we study the effects of competition on loan rates of microfinance institutions (MFIs). We use a new database from rating agencies, covering 379 for-profit and nonprofit MFIs in 67 countries over 2002-2008. First, we find...