IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Tier 1 MFIs Financial Performance: Cash-flow statement analysis

  • Gautier Dumont
  • Mathias Schmit
Registered author(s):

    When assessing the financial performance of Microfinance institutions, the current literature commonly uses balance sheets and income statements. In order to assess sources of cash generated, if any, we analyse the cash flow statements of the 30 largest MFIs that display audited reports between 2006 and 2010. We find that all the MFIs of the sample had cumulated negative free cash flow over the period and positive cash flow from operations. We propose classification of MFIs based on their investment and financing policies to assess the risk for their depositors. The results based on cash-flow analysis to assess financial performance can substantially differ from what can be read in the literature.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/153215/5/wp13054.pdf
    Download Restriction: no

    Paper provided by ULB -- Universite Libre de Bruxelles in its series Working Papers CEB with number 13-054.

    as
    in new window

    Length: 24 p.
    Date of creation: 23 Dec 2013
    Date of revision:
    Publication status: Published by:
    Handle: RePEc:sol:wpaper:2013/153215
    Contact details of provider: Postal: CP114/03, 42 avenue F.D. Roosevelt, 1050 Bruxelles
    Phone: +32 (0)2 650.48.64
    Fax: +32 (0)2 650.41.88
    Web page: http://difusion.ulb.ac.be
    Email:


    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:sol:wpaper:2013/153215. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Benoit Pauwels)

    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 references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.