Depth of outreach and financial sustainability of microfinance institutions |
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Authors: | Shakil Quayes |
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Affiliation: | 1. Department of Economics , University of Massachusetts Lowell , One University Avenue, Lowell, MA 01854, USA shakil_quayes@uml.edu |
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Abstract: | The primary justification for subsidizing Microfinance Institutions (MFIs) is their enhancement of social welfare by extending credit to the poor households. Therefore, recent emphasis on their financial self-sufficiency has created concern, that this may adversely affect the mission of social outreach. Utilizing data from 702 MFIs operating in 83 countries, this study shows empirical evidence of a positive complementary relationship between financial sustainability and depth of outreach. |
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Keywords: | microfinance institution depth of outreach financial sustainability |
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