The Road to Financial Sustainability. Comparative Analysis of Russia and the Caucasus Region
AbstractThis paper examines delinquency, profitability, and outreach determinants of microfinance institutions’ (MFIs) performance in Russia and the Caucasus. The estimation is done using the Seemingly Unrelated Regression (SUR) technique. The estimation results suggest that Russian and Caucasian MFIs are profit-driven but are expected to improve outreach in the long-run.
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Bibliographic InfoPaper provided by Southern Agricultural Economics Association in its series 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama with number 119525.
Date of creation: 2012
Date of revision:
Microfinance institution; SUR; Financial sustainability; Delinquency; Profitability; Social outreach; Agricultural Finance; Financial Economics; G20; G21;
Find related papers by JEL classification:
- G20 - Financial Economics - - Financial Institutions and Services - - - General
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-18 (All new papers)
- NEP-MFD-2012-01-18 (Microfinance)
- NEP-TRA-2012-01-18 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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ULB Institutional Repository
2013/97387, ULB -- Universite Libre de Bruxelles.
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