Bellavite Pellegrini, Carlo - 2011
microfinance institutions. This paper extends Arnone, Bellavite Pellegrini and Messa (2010), which recognized the importance of … strictly financial aspects of MFIs, nearing them to the world of traditional banks. We provide an empirical analysis of the …) analyses - using a sample of 750 microfinance institutions operating in Asia, Latin America and Sub-Saharan Africa. Our study …