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dc.contributor.authorNanayakkara, Gemunu
dc.contributor.editorDr Pete Simmons
dc.date.accessioned2017-11-28T12:00:33Z
dc.date.available2017-11-28T12:00:33Z
dc.date.issued2012
dc.date.modified2012-09-20T22:45:41Z
dc.identifier.issn21551219
dc.identifier.urihttp://hdl.handle.net/10072/46939
dc.description.abstractMicrofinancing has proven to be an effective way of reducing poverty over the last 30 years after it was pioneered by Professor Muhammad Yunus in 1976 when he set up the Grameen Bank (GB) in Bangladesh. The phenomenal success of the Grameen Bank by offering financial services to the poor without any collateral sparked a growth of microfinancing institutions in the developing countries during the last three decades. Yunus was awarded the Nobel Prize in 2007 for his contribution. At the moment it is estimated that there are over 3000 microfinancing institutions (MFIs)around the world serving over 130 million poor people. The performance of a MFI depend on a number of factors both within and outside its control. An understanding of factors affecting the performance of MFIs is important considering the hundreds of millions of dollars that are injected into the MFIs by donor agencies and governments. Using data collected from 234 MFIs around the world, this paper examines the effect on the performance of MFIs made by three external economic factors that are completely beyond their control; literacy of the borrowers, economic growth and the population density.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherGlobal Business & International Management Conference
dc.publisher.placeUnited States
dc.publisher.urihttp://www.jgbm.org/index.files/page/5_PREVIOUS_2012.html
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom59
dc.relation.ispartofpageto69
dc.relation.ispartofissue1
dc.relation.ispartofjournalGlobal Business & International Management
dc.relation.ispartofvolume5
dc.rights.retentionY
dc.subject.fieldofresearchBusiness and Management not elsewhere classified
dc.subject.fieldofresearchcode150399
dc.titleEconomic Indicators and the Performance of Microfinancing Institutions
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.date.issued2012
gro.hasfulltextNo Full Text
gro.griffith.authorNanayakkara, Gemunu


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