Developing countries are struggling for finding resources to finance their adaptation to or mitigation of the effects of climate change. In that spirit, the Copenhagen summit, the fifteenth Conference of Parties (COP15) can be seen as a success since it ended with an important promise of...

The Micro-Finance Institutions (MFI) use in general a diversity of repayment rates that are not always comparable. Some formulae do not reflect the true levels of repayment performance. This paper proposes a measure that could be used to compare the performance of MFI in loan repayment and to...