The Road to Financial Sustainability. Comparative Analysis of Russia and the Caucasus Region
This 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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ULB Institutional Repository
2013/97387, ULB -- Universite Libre de Bruxelles.
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- repec:cup:cbooks:9780521843195 is not listed on IDEAS
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