Hermes, Niels; Lensink, Robert; Meesters, Aljar - Faculteit Economie en Bedrijfskunde, Rijksuniversiteit … - 2008
This paper uses stochastic frontier analysis (SFA) to examine whether there is a trade-off between outreach to the poor and efficiency of microfinance institutions (MFIs). Using a sample of more than 1,300 observations, our study suggests that outreach and efficiency of MFIs are indeed...