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Crisis in microfinance institutions: identifying problems

Abstract: This article empirically analyses the reasons for crises in microfinance institutions (MFIs), using a sample of 832 MFIs from 74 countries for the period 2003-2011. The methodology used is logit analysis with panel data. The main results show that both internal and external factors influence the probability of a crisis. We find different factors that reduce the likelihood of a crisis (company's performance, country's economic growth, political stability, and existence of a private credit bureau). On the other hand, excessive liquidity, a higher proportion of deposits over loans and more loans per employee all increase the probability of a crisis. Copyright © 2015 John Wiley & Sons, Ltd.

 Fuente: Journal of International Development, Volume 27, Issue 7 October 2015 Pages 1058–1073

Editorial: John Wiley and Sons

 Fecha de publicación: 01/10/2015

Nº de páginas: 16

Tipo de publicación: Artículo de Revista

DOI: 10.1002/jid.3129

ISSN: 0954-1748,1099-1328

Url de la publicación: http://onlinelibrary.wiley.com/doi/10.1002/jid.3129/abstract