| By: |
Philippe Adair (ERUDITE - Equipe de Recherche sur l’Utilisation des Données Individuelles en lien avec la Théorie Economique - UPEM - Université Paris-Est Marne-la-Vallée - UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12);
Imene Berguiga |
| Abstract: |
This is the first paper to address the premium-social performance relationship
upon an unbalanced panel of 66 microfinance institutions (MFIs) in the MENA
region over 2004-2014. According to a fixed effects model using instrumental
variables, financial sustainability is the primary determinant of premium
(i.e. the financial margin), whereupon social performance has a positive
albeit insignificant impact. Mature MFIs maintain financial sustainability and
serve rather non-poor clients, although they tame interest rates. |
| Keywords: |
Social performance,Financial margin,Interest rates,MENA region,Microfinance institutions |
| Date: |
2017 |
| URL: |
http://d.repec.org/n?u=RePEc:hal:journl:hal-01667346&r=mfd |