Forme juridique et performances des institutions de microfinance
(VF)L’étude de quelques cas de transformations réussies en Amérique Latine permet de conclure qu’il existerait une relation entre la forme juridique des IMF et leur performance. Cet article se fixe donc comme objectif principal de vérifier cette relation à partir de la comparaison des performances de 148 IMF sur la période de 2001 à 2006. L’échantillon est élargi aux coopératives et mutuelles. Les résultats montrent que les sociétés privées sont socialement plus performantes que les ONG. Par ailleurs, la supériorité de performance des sociétés privées est également vérifiée lorsque la qualité de portefeuille est retenue comme indicateur de mesure de la performance.(VA)Casual observation of several successful transformations in Latin America suggests that there may be a relationship between the legal form of MFIs and their performance. The main objective of this paper is therefore to verify this relationship through the comparison of the performance of 148 MFIs over the period extending from 2001 to 2006. The sample includes cooperatives and mutual’s. The results indicate that private MFIs perform better socially than NGOs. Furthermore, the performance of private corporations is also verified when portfolio quality is used as an indicator for measuring performance.
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