From NGOs to Banks: Does Institutional Transformation Alter the Business Model of Microfinance Institutions?

Volume: 89, Pages: 19 - 33
Published: Jan 1, 2017
Abstract
In the microfinance industry an increasing number of providers are undergoing an institutional transformation from NGO to a shareholder-owned and typically regulated financial entity. Little is known about the extent to which this transformation affects the way microfinance institutions (MFIs) conduct their business. Our results obtained by applying an event study methodology to 66 transformed MFIs suggest that portfolio yield is driven down by...
Paper Details
Title
From NGOs to Banks: Does Institutional Transformation Alter the Business Model of Microfinance Institutions?
Published Date
Jan 1, 2017
Volume
89
Pages
19 - 33
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