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Types of financial institution and their supply of financial services: the case of microfinance in Europe

Author

Listed:
  • Sergio Lagoa

    (Instituto Universitário de Lisboa – ISCTE and Dinamia’Cet-IUL.)

  • Abdul Suleman

    (Instituto Universitário de Lisboa – ISCTE and BRU-IUL)

Abstract

The profit-oriented financial sector has grown in importance and influence, leading some authors to talk about a financialised economy. The question we raise in this paper is what is the role of non-profit oriented financial institutions and public programmes in the microfinance segment. We conclude that in this market there is a large diversity of institutions and non-for profit organisations have a significant role. Our analysis also shows that the diversity of institutional forms is important to foster market dimension, guarantee a good cover of the several vulnerable groups and a diversified offer of other services besides microcredit. Moreover, some specific institutions have an effect on the composition of the market in terms of personal and business loans, on loans terms, loans size, credit to targeted clients, and offer of other financial services. Moreover, we study how financial institutions cluster around some key variables. Finally, we fuzzy cluster microcredit national markets and describe how institutions types differ across the clusters.

Suggested Citation

  • Sergio Lagoa & Abdul Suleman, 2014. "Types of financial institution and their supply of financial services: the case of microfinance in Europe," Working papers wpaper72, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    • Handle: RePEc:fes:wpaper:wpaper72
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    References listed on IDEAS

    as
    1. Heungsun Hwang & Wayne Desarbo & Yoshio Takane, 2007. "Fuzzy Clusterwise Generalized Structured Component Analysis," Psychometrika, Springer;The Psychometric Society, vol. 72(2), pages 181-198, June.
    2. Mr. Wim Fonteyne, 2007. "Cooperative Banks in Europe—Policy Issues," IMF Working Papers 2007/159, International Monetary Fund.
    3. Mr. Michael Andrews, 2005. "State-Owned Banks, Stability, Privatization, and Growth: Practical Policy Decisions in a World Without Empirical Proof," IMF Working Papers 2005/010, International Monetary Fund.
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    More about this item

    Keywords

    microfinance; financial institutions;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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