Microfinance efficiency in West African Economic and Monetary Union (WAEMU): have reforms promoted sustainability or outreach?
Savings and Development Vol. 38(2014), No. 1, pp. 89-111
Our study aims to assess the evolution of social efficiency and financial efficiency of MFIs (microfinance institutions) in West African Economic and Monetary Union (WAEMU). Our results suggest that financial efficiency increases at the expense of [...]