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Corporate governance in microfinance: credit unions

Author

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  • Marc Labie
  • Anaïs A Périlleux

Abstract

As part of the tremendous development experienced by microfinance over the last few years, one type of institution has not generated all the attention that it could :credit unions. This can be explained by the frequent corporate governance weaknesses of this type of institution, which have been identified as a major limit and constraint to their development. This paper tries to deal with this issue by tackling the reasons why corporate governance of credit unions is so difficult to deal with, and by presenting various mechanisms and research areas which could play a role in solving this problem.

Suggested Citation

  • Marc Labie & Anaïs A Périlleux, 2008. "Corporate governance in microfinance: credit unions," Working Papers CEB 08-003.RS, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:sol:wpaper:08-003
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    References listed on IDEAS

    as
    1. Marek Hudon, 2008. "Norms and values of the various microfinance institutions," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 35(1/2), pages 35-48, January.
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    3. Agrawal Rajesh & Raju K V & Reddy Prathap & Shrinivasan R & Sriram M S, 2002. "Member-funds and Cooperative Performance?," IIMA Working Papers WP2002-10-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
    4. Gérard Charreaux, 1999. "Gouvernement d'entreprise et comptabilité," Working Papers CREGO 0990601, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    5. Martin Desrochers & Klaus P. Fischer, 2003. "Theory and Test on the Corporate Governance of Financial Cooperative Systems: Merger vs. Networks," Cahiers de recherche 0334, CIRPEE.
    6. Marguerite S. Robinson, 2001. "The Microfinance Revolution," World Bank Publications - Books, The World Bank Group, number 28956, December.
    7. Beatriz Armendariz & Jonathan Morduch, 2007. "The Economics of Microfinance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262512017, December.
    8. Desrochers, Martin & Fischer, Klaus P., 2002. "Corporate Governance and Depository Institutions Failure: the Case of an Emerging Market Economy," Cahiers de recherche 0201, CIRPEE.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    microfinance; savings and credit cooperatives; credit unions; corporate governance; growth; development.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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