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  • Measuring the Performance of Microfinancing Institutions: A New Approach

    Author(s)
    Nanayakkara, Gemunu
    Griffith University Author(s)
    Nanayakkara, Gemunu
    Year published
    2012
    Metadata
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    Abstract
    Microfinancing Institutions (MFIs) have grown in popularity as an effective tool for reducing poverty in the developing countries over the last three decades. MFIs are different from traditional financial institutions like banks in many ways. They mainly provide financial assistance (usually without any security) to the needy poor who are denied access to institutional credit from other sources. Data relating to 2007 has shown that there are more than 3,000 MFIs operating around the world. Hundreds of millions of dollars of donor funds are injected into the microfinancing sector. Therefore, the 'performance' of MFIs which ...
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    Microfinancing Institutions (MFIs) have grown in popularity as an effective tool for reducing poverty in the developing countries over the last three decades. MFIs are different from traditional financial institutions like banks in many ways. They mainly provide financial assistance (usually without any security) to the needy poor who are denied access to institutional credit from other sources. Data relating to 2007 has shown that there are more than 3,000 MFIs operating around the world. Hundreds of millions of dollars of donor funds are injected into the microfinancing sector. Therefore, the 'performance' of MFIs which affect the effective and efficient utilization of these funds is an important issue. Standard criteria used to measure the performance of commercial enterprises such as profitability, return on investment, share price, etc., are not appropriate to assess the performance of MFIs which have fundamentally different objectives that conflict with commercial interests. This article analyzes the issues relating to criteria used for identifying the performance of MFIs and recommends a new approach to measure the performance of MFIs in an objective manner.
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    Journal Title
    South Asia Economic Journal
    Volume
    13
    Issue
    1
    DOI
    https://doi.org/10.1177/139156141101300105
    Subject
    Management Accounting
    Economics
    Publication URI
    http://hdl.handle.net/10072/47132
    Collection
    • Journal articles

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