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Subsidies vs. deposits and cost inefficiency in microfinance
(
Elsevier
, 2022 , Article)
Lending tiny loans to poor clients lacking credit history and enough collateral is an expensive business for microfinance institutions (MFIs). Minimizing cost inefficiency is important if MFIs are to meet their dual mission ...
Is exchange rate risk priced in microfinance?
(
Elsevier Ltd
, 2016 , Article)
High microcredit interest rates have often been a source of criticism against the microfinance movement. Research has focused attention on the cost structure of interest rates and more recently on the macroeconomic and ...
Currency risk and microcredit interest rates
(
Elsevier B.V.
, 2017 , Article)
Foreign currency debt provides additional access to capital and offers funds in favorable and flexible terms to microfinance institutions (MFIs). Yet, we find that the use of foreign currency debt, on average, leads to ...