microfinance institutions. They find evidence that competition matters. Greater bank penetration in the overall economy is … lending contracts (rather than the group lending methods favored by microfinance nongovernmental organizations). The analysis …

Microfinance contracts have proven able to secure high rates of loan repayment in the face of limited liability and …, though, is at the heart of the promise that microfinance can deliver poverty reduction while not relying on ongoing subsidy …

Regulation allows microfinance institutions to evolve more fully into banks, particularly for institutions aiming to … draw on a new database that combines high-quality financial data on 245 of the world’s largest microfinance institutions … profitability. The pattern is consistent with the notion that profit-oriented microfinance institutions absorb the cost of …

The microfinance movement has built on innovations in financial intermediation that reduce the costs and risks of …

-covering levels without losing customers. This claim is at the core of sustainable microfinance strategies that aim to provide banking …