Suchergebnisse

AbstractThe use of poverty scoring is associated with increased outreach towards poor borrowers only in nonprofit microfinance institutions while, in for‐profit microfinance institutions, poverty scoring is associated with increased availability of financing. Poverty scoring allows for‐profit microfinance institutions to borrow funds from social investors in addition to funds borrowed from the market. As long as these social funds do not substitute market funds used in financing poor microborrowers, the share of poor clients served increases, so does financial inclusion of the poor.

AbstractCustomer satisfaction is a multidimensional construct with five factors: price, reliability, accessibility and flexibility, appearance, social and enhancement of customers. The presence of social inclusion and customer enhancement, accessibility, and flexibility dimensions reveals that a scale measurement should be specific both to a context and to a sector. The value attached to the appearance factor confirms that microfinance seriously tends to "mission drift" which means targeting less poor customers. The simultaneous occurrence of appearance and social dimensions in the same scale is proof that the social and financial goals should coexist in all stages of the development of microfinance institutions. As long as the social funds do not substitute market funds used in financing poor microborrowers, the share of poor clients served increases. So does financial inclusion of the poor.

Crowdfunding has created new opportunities for poor microentrepreneurs. One crucial question is the impact that the purpose of a loan—either business investment or basic necessities—may have on the success of a campaign. Investigating a prosocial crowdfunding platform, we find that loans taken out to meet basic needs are funded faster than business-related loans, especially for small amounts, which can be explained by the prosocial motivation of microlenders. Moreover, female microborrowers are funded faster than men, especially for basic needs loans. Our results therefore suggest an ethical blind spot, since prosocially motivated crowdlenders may unintentionally end up producing adverse effects, replicating gender role by supporting women to a lesser extent when they apply for business loans. This finding expands prosocial motivational theory in ethical finance. ; info:eu-repo/semantics/published

Over the past five years, the microcredit sector has experienced unprecedented growth. The number of borrowers served by microfinance institutions (MFIs) has increased threefold to reach 120 million clients, according to MIX estimates as of December 2009 and by other estimates the number may be as high 190 million (Microcredit Summit Campaign 2011). In large markets, such as Mexico and South Africa, commercial banks and consumer lending companies have expanded their activities to include microfinance for low-income households. Unfortunately, the growth of microcredit is not always sustainable. Some iconic markets, such as India and Bosnia Herzegovina, are experiencing large-scale credit crises, and they are not alone. The deterioration in the quality of MFI loan portfolios can be attributed to several factors. Some fast growing MFIs have outgrown their risk management systems and controls. These weaknesses have often been exacerbated by high staff turnover, leading to a further erosion of credit discipline. Rapid growth has also been focused in narrow geographies, which in turn affected borrower repayment incentives and behaviors. This report takes a fresh look at the state of credit reporting at the base of the pyramid. The data and analysis for this paper are drawn from International Finance Corporation (IFC) and Consultative Group to Assist the Poorest (CGAP) market intelligence on credit reporting systems. the lessons learned for effective credit reporting at the base of the pyramid and identifies key success factors as well as common challenges.