What Explains Microfinance Distribution Surplus? A Stakeholder-oriented Approach
AbstractWhat are the drivers of productivity surplus distribution to microfinance stakeholders? This paper shows that the size of the institution is the main indicator that can explain the gain in productivity surplus but also the surplus given to clients (decrease of interest rates) and staff. Moreover, cooperatives keep a significantly lesser part of their surplus for future growth, reserve, or distribution to investors. Finally, larger, more subsidised MFIs, and particularly cooperatives, tend to give a greater part of their surplus to their employees.
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Bibliographic InfoPaper provided by ULB -- Universite Libre de Bruxelles in its series Working Papers CEB with number 10-045.
Length: 35 p.
Date of creation: Sep 2010
Date of revision:
Publication status: Published by:
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More information through EDIRC
Microfinance; Surplus; Governance; Size; Subsidies; Cooperatives;
Other versions of this item:
- Marek Hudon & Anaïs Périlleux, . "What Explains Microfinance Distribution Surplus? A Stakeholder-oriented Approach," ULB Institutional Repository 2013/152864, ULB -- Universite Libre de Bruxelles.
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- O50 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - 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-2010-09-25 (All new papers)
- NEP-DEV-2010-09-25 (Development)
- NEP-ENT-2010-09-25 (Entrepreneurship)
- NEP-MFD-2010-09-25 (Microfinance)
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.:
- Gutiérrez-Nieto, Begoña & Serrano-Cinca, Carlos & Mar Molinero, Cecilio, 2007. "Microfinance institutions and efficiency," Omega, Elsevier, vol. 35(2), pages 131-142, April.
- Michael Hamp & Carolina Laureti, 2011. "Balancing flexibility and discipline in microfinance: Innovative financial products that benefit clients and service providers," Working Papers CEB 11-044, ULB -- Universite Libre de Bruxelles.
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