Microfinance: working papers (RePEc, 04/05/2012)

Source : NEP (New Economics Papers) | RePEc

  1. Do Subsidies Enhance or Erode the Cost Efficiency of Microfinance? Evidence from MFI Worldwide Micro Data

Date:

2012-03

By:

Mieno, Fumiharu
Kai, Hisako

URL:

http://d.repec.org/n?u=RePEc:hit:primdp:26&r=mfd
A recent issue in the microfinance literature is whether microfinance institutions (MFIs) are financially sustainable without a subsidy as a prerequisite for competition policy or commercialization processes. Although some recent studies have proposed relevant theoretical frameworks, empirical analyses are scarce. Using financial data for MFIs across a panel of 1791 observations for 2003-2006, we estimate a cost function for the MFIs and a measure of inefficiency using the stochastic frontier cost approach, and then examine the effects of subsidies, operating age and other possible factors as determinants of efficiency. We find that subsidies are generally not an impediment to cost efficiency; instead, they are generally utilized to improve cost efficiency. We also find that the effect of a subsidy on efficiency is larger for younger MFIs, suggesting that subsidies for these institutions are effectively utilized for inten sifying initial technology investment or hu man resource development. The findings are consistent with the arguments that stress the importance of subsidies for the initial stage of development of MFIs, and partially contradictory to the claims that the subsidies generally erode MFIs’ financial sustainability.

Keywords:

microfinance, financial institutions, frontier cost function approach

JEL:

G21
  1. Determinants of household access to formal credit in the rural areas of the Mekong Delta, Vietnam

Date:

2012-03-25

By:

Vuong Quoc, Duy

URL:

http://d.repec.org/n?u=RePEc:pra:mprapa:38202&r=mfd
This paper investigates the factors affecting the access of rural individual and group-based households to formal credit in the Mekong Delta (MD), Vietnam. Poverty levels in the Mekong Delta have declined significantly over the last decades, but in the rural areas they remain significant. If it is assumed that access to credit is a suitable vehicle for poverty alleviation, it is necessary to assess the way households decide on borrowing. This paper identifies the determinants of the decision to borrow and of the amount that is borrowed by using the double hurdle model and the Heckman selection model. Data used in this paper were obtained from a survey of 325 rural households, conducted between May and October 2009. The results indicate that household capital endowments, marital status, family size, distance to the market centre, and location affect both the probability and the amount of asking for credit.

Keywords:

Formal credit; Double hurdle model; individual and group-based lending; rural households

JEL:

G2
  1. Panorama de la bancarisation en France

Date:

2012-04-15

By:

Vitalie Bumacov (Chaire Banque Populaire en Microfinance du Groupe ESC Dijon Bourgogne – Commencez à saisir le nom d’un établissement)

URL:

http://d.repec.org/n?u=RePEc:hal:wpaper:hal-00690495&r=mfd
Cette étude a pour objectif d’investiguer et de présenter l’état de la bancarisation en France à travers l’offre de services financiers aux personnes en situation de précarité financière. Les banques qui gèrent le gros du capital disponible, y compris l’argent investi à but social, ont plusieurs moyens de participer au marché de la microfinance : descendre en gamme pour offrir directement les services, prêter aux IMF, investir dans le capital des IMF ou intervenir par d’autres moyens, mais lesquels?

Keywords:

Microfinance, Microcrédit, Pauvreté, Bancarisation, Exclusion financière

Laisser un commentaire

Entrez vos coordonnées ci-dessous ou cliquez sur une icône pour vous connecter:

Logo WordPress.com

Vous commentez à l'aide de votre compte WordPress.com. Déconnexion / Changer )

Image Twitter

Vous commentez à l'aide de votre compte Twitter. Déconnexion / Changer )

Photo Facebook

Vous commentez à l'aide de votre compte Facebook. Déconnexion / Changer )

Photo Google+

Vous commentez à l'aide de votre compte Google+. Déconnexion / Changer )

Connexion à %s