On Mission Drift In Microfinance Institutions
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Beatriz Armendáriz & Ariane Szafarz, 2011. "On Mission Drift in Microfinance Institutions," World Scientific Book Chapters, in: Beatriz Armendáriz & Marc Labie (ed.), The Handbook Of Microfinance, chapter 16, pages 341-366, World Scientific Publishing Co. Pte. Ltd..
- Armendáriz, Beatriz & Szafarz, Ariane, 2011. "On mission drift in microfinance institutions," MPRA Paper 31041, University Library of Munich, Germany, revised 2010.
- Beatriz Armendariz & Ariane Szafarz, 2011. "On Mission Drift in Microfinance Institutions," ULB Institutional Repository 2013/97387, ULB -- Universite Libre de Bruxelles.
References listed on IDEAS
- Ghatak, Maitreesh, 2000. "Screening by the Company You Keep: Joint Liability Lending and the Peer Selection Effect," Economic Journal, Royal Economic Society, vol. 110(465), pages 601-631, July.
- de Aghion, Beatriz Armendariz & Gollier, Christian, 2000. "Peer Group Formation in an Adverse Selection Model," Economic Journal, Royal Economic Society, vol. 110(465), pages 632-643, July.
- Besley, Timothy & Coate, Stephen, 1995.
"Group lending, repayment incentives and social collateral,"
Journal of Development Economics, Elsevier, vol. 46(1), pages 1-18, February.
- Besley, T. & Coate, S., 1991. "Group Lending, Repayment Incentives And Social Collateral," Papers 152, Princeton, Woodrow Wilson School - Development Studies.
- Mark Schreiner, 2002.
"Aspects of outreach: a framework for discussion of the social benefits of microfinance,"
Journal of International Development, John Wiley & Sons, Ltd., vol. 14(5), pages 591-603.
- Mark Schreiner, 2001. "Aspects of Outreach: A Framework for the Discussion of the Social Benefits of Microfinance," Development and Comp Systems 0109003, University Library of Munich, Germany.
- Stiglitz, Joseph E, 1990. "Peer Monitoring and Credit Markets," The World Bank Economic Review, World Bank, vol. 4(3), pages 351-366, September.
- Jain, Sanjay & Mansuri, Ghazala, 2003. "A little at a time: the use of regularly scheduled repayments in microfinance programs," Journal of Development Economics, Elsevier, vol. 72(1), pages 253-279, October.
- Robert Cull & Asli Demirguç-Kunt & Jonathan Morduch, 2007.
"Financial performance and outreach: a global analysis of leading microbanks,"
Economic Journal, Royal Economic Society, vol. 117(517), pages 107-133, February.
- Cull, Robert & Demirguc-Kunt, Asli & Morduch, Jonathan, 2006. "Financial performance and outreach : a global analysis of leading microbanks," Policy Research Working Paper Series 3827, The World Bank.
- Kumar Aniket, 2007. "Does Subsidising the Cost of Capital Help the Poorest? An Analysis of Saving Opportunities in Group Lending," Edinburgh School of Economics Discussion Paper Series 140, Edinburgh School of Economics, University of Edinburgh.
- Ghatak, Maitreesh, 1999. "Group lending, local information and peer selection," Journal of Development Economics, Elsevier, vol. 60(1), pages 27-50, October.
- Mathias Dewatripont & Ian Jewitt & Jean Tirole, 1999.
"The Economics of Career Concerns, Part II: Application to Missions and Accountability of Government Agencies,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(1), pages 199-217.
- Mathias Dewatripont & Ian Jewitt & Jean Tirole, 1999. "The economics of career concerns, part II: Application to missions and accountability of Government agencies," ULB Institutional Repository 2013/170042, ULB -- Universite Libre de Bruxelles.
- Holmstrom, Bengt & Milgrom, Paul, 1991. "Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 7(0), pages 24-52, Special I.
- Armendariz de Aghion, Beatriz, 1999. "On the design of a credit agreement with peer monitoring," Journal of Development Economics, Elsevier, vol. 60(1), pages 79-104, October.
- Alexander Tedeschi, Gwendolyn, 2006. "Here today, gone tomorrow: Can dynamic incentives make microfinance more flexible?," Journal of Development Economics, Elsevier, vol. 80(1), pages 84-105, June.
- Abhijit V. Banerjee & Timothy Besley & Timothy W. Guinnane, 1994.
"Thy Neighbor's Keeper: The Design of a Credit Cooperative with Theory and a Test,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 109(2), pages 491-515.
- Guinnane, T. & Banerjee, A. & Besley, T., 1993. "Thy Neighbor's Keeper: the Design of a Credit Cooperative with Theory and a Test," Papers 705, Yale - Economic Growth Center.
- Beatriz Armendariz & Jonathan Morduch, 2007. "The Economics of Microfinance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262512017, April.
- Arvind Ashta & Marek Hudon, 2009. "To whom should we be fair? Ethical issues in Balancing Stakeholder Interests from Banco Compartamos Case Study," Working Papers CEB 09-036.RS, ULB -- Universite Libre de Bruxelles.
- Gonzalez-Vega, Claudio & Schreiner, Mark & Meyer, Richard L. & Rodriguez-Meza, Jorge & Navajas, Sergio, 1996. "Bancosol: The Challenge Of Growth For Microfinance Organizations," Economics and Sociology Occasional Papers - ESO Series 28333, Ohio State University, Department of Agricultural, Environmental and Development Economics.
- Mark Schreiner, 2001. "Seven Aspects of Loan Size," Development and Comp Systems 0109001, University Library of Munich, Germany.
- Conning, Jonathan, 1999. "Outreach, sustainability and leverage in monitored and peer-monitored lending," Journal of Development Economics, Elsevier, vol. 60(1), pages 51-77, October.
- McIntosh, Craig & Wydick, Bruce, 2005. "Competition and microfinance," Journal of Development Economics, Elsevier, vol. 78(2), pages 271-298, December.
- Copestake, James, 2007. "Mainstreaming Microfinance: Social Performance Management or Mission Drift?," World Development, Elsevier, vol. 35(10), pages 1721-1738, October.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Emilios Galariotis & Christophe Villa & Nurmukhammad Yusupov, 2011.
"Recent Advances in Lending to the Poor with Asymmetric Information,"
Journal of Development Studies, Taylor & Francis Journals, vol. 47(9), pages 1371-1390, July.
- Emilios C. C Galariotis & Christophe Villa & Nurmukhammad Yusupov, 2011. "Recent advances in lending to the poor with asymmetric information," Post-Print hal-00722838, HAL.
- Gutiérrez-Nieto, Begoña & Serrano-Cinca, Carlos, 2019.
"20 years of research in microfinance: An information management approach,"
International Journal of Information Management, Elsevier, vol. 47(C), pages 183-197.
- Begoña Gutiérrez Nieto & Carlos Serrano-Cinca, 2019. "20 Years of Research in Microfinance: An Information Management Approach," Working Papers CEB 19-005, ULB -- Universite Libre de Bruxelles.
- Xavier Giné & Pamela Jakiela & Dean Karlan & Jonathan Morduch, 2010.
"Microfinance Games,"
American Economic Journal: Applied Economics, American Economic Association, vol. 2(3), pages 60-95, July.
- Xavier Gine & Pamela Jakiela & Dean Karlan & Jonathan Morduch, 2006. "Microfinance Games," Working Papers 2102, The Field Experiments Website.
- Gine, Xavier & Jakiela, Pamela & Karlan, Dean S. & Morduch, Jonathan, 2006. "Microfinance Games," Center Discussion Papers 28520, Yale University, Economic Growth Center.
- Xavier Gine & Pamela Jakiela & Dean Karlan & Jonathan Morduch, 2006. "Microfinance games," Framed Field Experiments 00150, The Field Experiments Website.
- Gine, Xavier & Jakiela, Pamela & Karlan, Dean & Morduch, Jonathan, 2006. "Microfinance games," Policy Research Working Paper Series 3959, The World Bank.
- Dean Karlan & Xavier Gine & Jonathan Morduch & Pamela Jakiela, 2006. "Microfinance Games," Working Papers 936, Economic Growth Center, Yale University.
- Chowdhury, Shyamal & Chowdhury, Prabal Roy & Sengupta, Kunal, 2014.
"Sequential lending with dynamic joint liability in micro-finance,"
Journal of Development Economics, Elsevier, vol. 111(C), pages 167-180.
- Chowdhury, Shyamal & Chowdhury, Prabal Roy & Sengupta, Kunal, 2014. "Sequential lending with dynamic joint liability in micro-finance," Working Papers 2014-07, University of Sydney, School of Economics.
- Chowdhury, Shyamal & Roy Chowdhury, Prabal & Sengupta, Kunal, 2014. "Sequential lending with dynamic joint liability in micro-finance," MPRA Paper 58675, University Library of Munich, Germany.
- Kugler, Maurice & Oppes, Rossella, 2005. "Collateral and risk sharing in group lending: evidence from an urban microcredit program," Discussion Paper Series In Economics And Econometrics 504, Economics Division, School of Social Sciences, University of Southampton.
- B. Mak Arvin & Byron Lew (ed.), 2015. "Handbook on the Economics of Foreign Aid," Books, Edward Elgar Publishing, number 15762.
- Shyamal Chowdhury & Prabal Roy Chowdhury & Kunal Sengupta, 2014. "Sequential lending with dynamic joint liability in micro-finance," Discussion Papers 14-07, Indian Statistical Institute, Delhi.
- Abdul Karim, Zulkefly, 2009. "Microfinance and Mechanism Design: The Role of Joint Liability and Cross-Reporting," MPRA Paper 23934, University Library of Munich, Germany, revised 12 Jan 2010.
- Kugler, Maurice & Oppes, Rossella, 2005. "Collateral and risk sharing in group lending: evidence from an urban microcredit program," Discussion Paper Series In Economics And Econometrics 0504, Economics Division, School of Social Sciences, University of Southampton.
- Bahar Rezaei & Sriram Dasu & Reza Ahmadi, 2017. "Optimal Group Size in Joint Liability Contracts," Decision Analysis, INFORMS, vol. 14(3), pages 204-225, September.
- Jeon, Doh-Shin & Menicucci, Domenico, 2011.
"When is the optimal lending contract in microfinance state non-contingent?,"
European Economic Review, Elsevier, vol. 55(5), pages 720-731, June.
- Jeon, Doh-Shin & Menicucci, Domenico, 2010. "When Is the Optimal Lending Contract in Microfinance State Non-Contingent?," IDEI Working Papers 599, Institut d'Économie Industrielle (IDEI), Toulouse.
- Jeon, Doh-Shin & Menicucci, Domenico, 2010. "When Is the Optimal Lending Contract in Microfinance State Non-Contingent?," TSE Working Papers 10-146, Toulouse School of Economics (TSE).
- Li Gan & Manuel A. Hernandez & Yanyan Liu, 2018.
"Group Lending With Heterogeneous Types,"
Economic Inquiry, Western Economic Association International, vol. 56(2), pages 895-913, April.
- Gan, Li & Hernandez, Manuel A. & Liu, Yanyan, 2013. "Group lending with heterogeneous types:," IFPRI discussion papers 1268, International Food Policy Research Institute (IFPRI).
- Li Gan & Manuel A. Hernandez & Yanyan Liu, 2013. "Group Lending with Heterogeneous Types," NBER Working Papers 18847, National Bureau of Economic Research, Inc.
- DeanS. Karlan, 2007.
"Social connections and group banking,"
Economic Journal, Royal Economic Society, vol. 117(517), pages 52-84, February.
- Karlan, Dean S., 2005. "Social Connections and Group Banking," Center Discussion Papers 28522, Yale University, Economic Growth Center.
- Karlan, Dean, 2007. "Social Connections and Group Banking," CEPR Discussion Papers 6194, C.E.P.R. Discussion Papers.
- Dean S. Karlan, 2005. "Social Connections and Group Banking," Working Papers 913, Economic Growth Center, Yale University.
- Hisaki KONO & Kazushi TAKAHASHI, 2010. "Microfinance Revolution: Its Effects, Innovations, And Challenges," The Developing Economies, Institute of Developing Economies, vol. 48(1), pages 15-73, March.
- Allen, Treb, 2016. "Optimal (partial) group liability in microfinance lending," Journal of Development Economics, Elsevier, vol. 121(C), pages 201-216.
- Bhole, Bharat & Ogden, Sean, 2010. "Group lending and individual lending with strategic default," Journal of Development Economics, Elsevier, vol. 91(2), pages 348-363, March.
- Selay Sahan & Euan Phimister, 2023. "Repayment performance of joint‐liability microcredits: Metropolitan evidence on social capital and group names," Bulletin of Economic Research, Wiley Blackwell, vol. 75(2), pages 287-311, April.
- Alexander Tedeschi, Gwendolyn, 2006. "Here today, gone tomorrow: Can dynamic incentives make microfinance more flexible?," Journal of Development Economics, Elsevier, vol. 80(1), pages 84-105, June.
- Lensink, Robert & Eijkel, Remco van & Hermes, Niels, 2007. "Group lending and the role of the group leader:Theory and evidence from Eritrea," Research Report 07004, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- Kumar Aniket, 2007. "Does Subsidising the Cost of Capital Help the Poorest? An Analysis of Saving Opportunities in Group Lending," Edinburgh School of Economics Discussion Paper Series 140, Edinburgh School of Economics, University of Edinburgh.
More about this item
Keywords
microfinance; mission drift; poverty reduction; cross-subsidization;All these keywords.
JEL classification:
- F35 - International Economics - - International Finance - - - Foreign Aid
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
- O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DEV-2009-04-13 (Development)
- NEP-HIS-2009-04-13 (Business, Economic and Financial History)
- NEP-MFD-2009-04-13 (Microfinance)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sol:wpaper:09-015. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Benoit Pauwels (email available below). General contact details of provider: https://edirc.repec.org/data/cebulbe.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.