moneylender and a subsidized microfinance institution. We assume that lenders face a moral hazard problem that is diminished as … subsidy levels for which the behavior of the moneylender complements the poverty reduction mission of the microfinance … the subsidy level available to the microfinance institution we discover that for small subsidies the moneylender may be …

internal costs of group formation, and broadens the fractions of society into which microfinance institutions penetrate. We …

lending or similarly micro-finance are examples of such alternative lending contracts. In this paper, we investigate the … effect of mutual guarantee institutions (MGI) on loan interest rates. We argue that, similarly to group lending and micro-finance …

We trace the relationship between firm performance and corporate governance in microfinance institutions (MFI …

difference in profitability between private companies and NGOs. In addition, the commercial approach to microfinance does not …

In recent years, development practice has seen that microfinance institutions (MFIs), beyond their financial and social …’ MFIs on a sample of 160 microfinance institutions worldwide. Basing our analysis on various econometric tests, we find that … environmental performance, suggesting that ‘green’ MFIs are not more or less profitable than other microfinance institutions. …

In recent years, in addition to financial and social objectives, the microfinance industry has started to look at its … environmental bottom line. The objective of this paper is to identify why microfinance institutions (MFIs) decide to go green. Data …