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Competition and microcredit interest rates: international evidence
(
Springer Verlag
, 2019 , Article)
The limited number of existing papers that link competition among microfinance institutions (MFIs) and microcredit interest rates, provide inconclusive and counterintuitive results. This paper uses data from 1997 MFIs ...
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 ...
Financing new entrepreneurship: Credit or microcredit?
(
Elsevier
, 2022 , Article)
Building on the theory of information asymmetry, we investigate the impact of conventional banking versus the impact of microfinance on new entrepreneurship. We use a panel dataset collected from 49 developing countries ...
Online peer-to-peer lending: A review of the literature
(
Elsevier
, 2021 , Article)
This study reviews the literature of online peer-to-peer (P2P) lending from 2008 until 2020 as an emergent but fast spreading phenomenon in the context of digital finance. Previous literature is geographically skewed towards ...
On the complex relationship between different aspects of social capital and group loan repayment
(
Elsevier
, 2020 , Article)
Do all aspects of social capital improve repayment behavior in group lending programs? The group lending literature typically uses one or few measures of social capital in a linear form, and systematically understates the ...
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 ...
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 ...
Are donor funds used effectively? An examination of Islamic and conventional microfinance institutions
(
Emerald Publishing
, 2023 , Article)
Purpose
This study aims to compare the nexus between donations to Islamic and conventional microfinance institutions (MFIs) and their credit risk, financial performance and social outreach.
Design/methodology/approach
The ...
Credit risk in Islamic microfinance institutions: The role of women, groups, and rural borrowers
(
Elsevier
, 2023 , Article)
Using international data, we find that Islamic MFIs experience reduced credit risk by offering more groups loans, serving more women, and serving more borrowers in rural locations. Conventional MFIs benefit from fewer group ...