Brau, James C.; Hiatt, Shon; Woodworth, Warner - In: Managerial Finance 35 (2009) 12, pp. 953-974
Purpose – The purpose of this paper is to investigate microlending outcomes among Latin American non‐governmental organizations (NGOs), specifically microfinance institutions (MFIs). While there is a growing movement of non‐profit ventures channeling small loans to the poor worldwide,...