Philippe Adair and Imène Berguiga
Savings and Development Vol. 38(2014), No. 1, pp. 7-26

The relationship between social performance (SP) and financial performance (FP) of microfinance institutions (MFIs) in the Middle East and North Africa (MENA) region is a matter of substitution or complementarity. A panel data study (1998-2011) upon [...]

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Philipp E. Otto and Arvind Ashta
Savings and Development Vol. 36(2012), No. 1, pp. 109-135

Saving behavior influences economic development in many possible ways. The paradox of thrift stresses the negative effects of increased individual savings. How does this relationship transfer to microfinance and to microsavings in particular? [...]

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Ahmad Nawaz
Savings and Development Vol. 34(2010), No. 1, pp. 97-138

Microfinance institutions (MFIs) strive for financial sustainability, but also for the empowerment of the poor. The social nature of MFIs is mainly financed by subsidies. This paper measures the sustainability of microfinance, employing Yaron’s [...]

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Hubert Tchakoute Tchuigoua and Eric Lamarque
Savings and Development Vol. 33(2009), No. 3, pp. 239-264

In the microfinance institutions; which foster the approach to financial services by people excluded from the banking sector; the issue of operational risk management is very little explored. Starting from this observation; the research aims to [...]

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