This paper shines light on subsidy-dependent microfinance institutions (MFIs). Firstly, our model shows that subsidy … uncertainty can have pervasive effects on MFIs’ poverty-reduction mission. In particular, we argue that supply-driven uncertainty … 1999-2006. Using both cross-section and panel-data regressions, we estimate the effect of subsidies on poverty reduction as …

This paper starts from the observation that 23% of the world’s microfinance institutions (MFIs) manage without …

researchers to establish whether a microfinance institution has deviated from its poverty-reduction mission. This paper also …This paper sheds light on a poorly understood phenomenon in microfinance which is often referred to as a “mission drift …”: A tendency reviewed by numerous microfinance institutions to extend larger average loan sizes in the process of scaling …

This paper is the first to draw a global picture of worldwide microfinance equity by taking full advantage of daily … quoted prices. We revisit previous findings showing that investors should consider microfinance as a self-standing sector …. Our results are threefold. First, microfinance has become less risky and more closely correlated with the financial sector …

This paper aims at gaining deeper understanding of the possible effects of combined microfinance (CMF) on social and …

reducing poverty. In many countries, microfinance institutions (MFIs) have become popular instruments for redistributive pro … trend towards product diversification can be an appropriate policy response for enhanced poverty outreach, in particular … when combining micro-credit with savings and insurance. By reviewing cross-sectional evidence of 250 microfinance schemes …

A poverty penalty arises when the poor pay more than the non-poor to access goods and services. An example is the cost …. Microfinance Institutions (MFIs) usually justify the high interest rates on grounds of the high risk involved in microcredit, the … collection. After identifying and quantifying poverty penalty in different countries, this paper focuses on the Colombian case …

of poverty, and indirectly health and education. Specifically, microfinance is generally perceived as a tool for poverty … countries, poverty in industrialized countries is often neglected. This report focuses on microfinance as a tool for pulling …Poverty is multidimensional. In its starkest form, the United Nations Development Annual Reports proxy poverty as …

Microfinance is increasingly seen as a major development tool. Its promise to help the poor by providing financial … services is seen as the major reason for its support. Nevertheless, its effectiveness on actual poverty reduction is not yet … commercialization. The impact on poverty is usually measured in financial terms. In this paper, poverty is defined in a broader sense to …

microfinance (CMF)- can both leverage and challenge policy outcomes. This paper reviews two complementary questions in this regard … can have adverse effects on the depth of poverty outreach, pro-poor and gender specific policy measures need to be put in …