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Microfinance development in Armenia: Sectoral characteristics and problems

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  • Knar Khachatryan

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

  • Emma Avetisyan

    (Audencia Business School)

Abstract

The heavy-handed regulation enforced a commercialization process and as a result pushed microfinance institutions towards a commercial logic. This commercial shift, in its turn, diminished the importance of the social component.

Suggested Citation

  • Knar Khachatryan & Emma Avetisyan, 2017. "Microfinance development in Armenia: Sectoral characteristics and problems," Post-Print hal-01695638, HAL.
    • Handle: RePEc:hal:journl:hal-01695638
    DOI: 10.1002/jsc.2169
    Note: View the original document on HAL open archive server: https://audencia.hal.science/hal-01695638
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    References listed on IDEAS

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    1. Joanna Ledgerwood & Victoria White, 2006. "Transforming Microfinance Institutions : Providing Full Financial Services to the Poor," World Bank Publications - Books, The World Bank Group, number 7086, December.
    2. Hudon, Marek & Traca, Daniel, 2011. "On the Efficiency Effects of Subsidies in Microfinance: An Empirical Inquiry," World Development, Elsevier, vol. 39(6), pages 966-973, June.
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    4. Kent, Derin & Dacin, M. Tina, 2013. "Bankers at the gate: Microfinance and the high cost of borrowed logics," Journal of Business Venturing, Elsevier, vol. 28(6), pages 759-773.
    5. W Jean Kwon, 2010. "An Analysis of Organisational, Market and Socio-cultural Factors Affecting the Supply of Insurance and Other Financial Services by Microfinance Institutions in Developing Economies," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 35(1), pages 130-160, January.
    6. Morduch, Jonathan, 1999. "The role of subsidies in microfinance: evidence from the Grameen Bank," Journal of Development Economics, Elsevier, vol. 60(1), pages 229-248, October.
    7. Agier, Isabelle & Szafarz, Ariane, 2013. "Microfinance and Gender: Is There a Glass Ceiling on Loan Size?," World Development, Elsevier, vol. 42(C), pages 165-181.
    8. Dominik Egli, 2004. "Progressive Lending as an Enforcement Mechanism in Microfinance Programs," Review of Development Economics, Wiley Blackwell, vol. 8(4), pages 505-520, November.
    9. Madeleine Akrich & Michel Callon & Bruno Latour & Adrian Monaghan, 2002. "The Key To Success In Innovation Part I: The Art Of Interessement," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 6(02), pages 187-206.
    10. International Monetary Fund, 2006. "Republic of Armenia: Poverty Reduction Strategy Paper Progress Report," IMF Staff Country Reports 2006/239, International Monetary Fund.
    11. International Monetary Fund, 2006. "Republic of Armenia: Poverty Reduction Strategy Paper Progress Report: Joint Staff Advisory Note," IMF Staff Country Reports 2006/320, International Monetary Fund.
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    Cited by:

    1. Steffi Sandra Singhe & Céline Louche, 2020. "The development of microfinance in Cameroon: Focus on regulation," Post-Print hal-02562588, HAL.
    2. Sarah Wali Qazi, M. Zaki Rashidi, 2018. "Nurturing Women Empowerment? A Phenomenological Study of the Linkages between Women, Micro Entrepreneurship and Access to Microcredit," Journal of Management Sciences, Geist Science, Iqra University, Faculty of Business Administration, vol. 5(2), pages 3-21, October.

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