We empirically study the determinants of failures of microfinance institutions based on the CAMELS rating components and microfinance-specific measures by applying probit regression techniques. Our findings confirm the capital adequacy (C), the asset quality (A), the management capability (M),...

High micro-credit interest rates cause fierce debates among practitioners, scholars and even the general public. To objectify these discussions this article investigates determinants of micro-credit interest rates by using a worldwide data set of 712 micro-finance institutions. We examine how...

Foreign currency debt (FCD) is an important refinance source of microfinance institutions (MFIs). However, it is associated with significant foreign currency risk because suitable hedging tools are scarce. We analyze the determinants of FCD that is held by MFIs worldwide. The results indicate...