Microfinance and Public Policy: Outreach, Performance and Efficiency

by B. Balkenhol (Editor)

Overview

Microfinance institutions (MFIs) provide a public good; if MFIs create and deepen markets where none existed before, there may be a case for public support. This book is based on a study of 45 MFIs, and applies factor analysis and cluster analysis to show that MFIs form clusters in terms of social and financial performance.

Product Details

ISBN-13:	9780230547025
Publisher:	Palgrave Macmillan UK
Publication date:	11/16/2007
Series:	International Labour Organization (ILO) Century Series
Edition description:	2007
Pages:	263
Product dimensions:	5.51(w) x 8.50(h) x 0.03(d)

About the Author

THORSTEN BECK World Bank, USA FABRIZIO BOTTI Cambridge University, UK MILASOA CHEREL-ROBSON Cambridge University, UK FLAVIO COMIM Cambridge University, UK AMADOU DIOP Institut Universitaire d'Etudes du Developpement, Switzerland YVES FLÜCKIGER University of Geneva, Switzerland YOUSRA HAMED International Labour Office, Switzerland ISABELLE HILLENKAMP Institut Universitaire d'Etudes du Developpement, Switzerland GIOVANNI FERRO LUZZI University of Geneva, Switzerland SAÂD FILALI MEKNASSI Université Mohamed V - Rabat Agdal, Morocco VITO SCIARAFFIA MERINO University of Chile, Chile JONATHAN MORDUCH New York University, USA JUSTYNA PYTKOWSKA Microfinance Centre, Poland RENATA SERRA Cambridge University, UK JEAN MICHEL SERVET Institut Universitaire d'Etudes du Developpement, Switzerland ANTON SIMANOWITZ Institute of Development Studies, Sussex, UK ANATOLI VASSILIEV University of Geneva, Switzerland SYLVAIN WEBER University of Geneva, Switzerland

Table of Contents

PART I: INTRODUCTION Efficiency and Sustainability in Microfinance; B.Balkenhol PART II: CONCEPTUAL FRAMEWORK Poverty versus Inequality; A.Diop, I.Hillenkamp & J.M.Servet Poverty Reduction through Microfinance: A Capability Perspective; F.Comim Achieving Poverty Outreach, Impact and Sustainability: Managing Trade-Offs in Microfinance; A.Simanowitz Smart Subsidies; J.Morduch PART III: EMPIRICAL ANALYSIS Efficiency in Microfinance Institutions: An Application of Data Envelopment Analysis to MFIs in Peru; Y.Flückiger & A.Vassiliev Efficiency in Financial Intermediation: Theory and Empirical Measurement; T.Beck Efficiency Drivers and Constraints: Empirical Findings; Y.Hamed Measuring the Performance of MFIs: An Application of Factor Analysis; G.F.Luzzi & S.Weber PART IV: SELECTED COUNTRY STUDIES Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Mali; R.Serra, F.Botti & M.Cherel-Robson Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Morocco; S.F.Meknassi Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Central and Eastern Europe; J.Pytkowska Auctioning Subsidies: Chile's 'Access to Credit Program'; V.S.Merino PART V: CONCLUSIONS Policy Implications; B.Balkenhol