This paper uses a panel data set of microfinance institutions (MFI) across the world to compare several identification … MFIs by including a measure of outreach lowers the estimated extent of economies of scale for the parametric estimations …, suggesting that producing outreach creates high transaction costs and requires exploitation of local knowledge. …

This book focuses on the achievements, current trends and further potential of microfinance to scale-up and serve many …, and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds … debate on core values of microfinance, triggered by recent criticisms of an approach that was hailed as a panacea in the …

This paper discusses the so-called commercial approach to microfinance under economic and ethical aspects. It first … shows how microfinance has developed from a purely welfare-oriented activity to a commercially relevant line of banking … microfinance in the course of the last decade. As the author argues, this commercial approach is the only sound approach to adopt …

Garantien eine quasi unlimitierte Förderquelle, die zur Erhöhung systemischer Risiken beitrug. In der Mikrofinanzierung dagegen … Kapitalmarkt für die Mikrofinanzierung erschließen, ohne die Gefahr einer unkontrollierten Ausweitung von Risiken einzugehen. … and, thereby, deepen financial outreach to lower income customers. Not structured finance in itself, but the way it is …

interest of western banks in new models of finance, particularly Islamic finance and microfinance. This new trend is not only … primarily outlines that many elements of microfinance could be considered consistent with the broader goals of Islamic banking …