05580nam 2200769Ia 450 991017222950332120200520144314.01-282-91185-697866129118590-230-30002-210.1057/9780230300026(CKB)2670000000055528(EBL)668106(OCoLC)767502541(SSID)ssj0000439589(PQKBManifestationID)11295118(PQKBTitleCode)TC0000439589(PQKBWorkID)10464653(PQKB)10793868(SSID)ssj0001659535(PQKBManifestationID)16439941(PQKBTitleCode)TC0001659535(PQKBWorkID)14986411(PQKB)11347569(DE-He213)978-0-230-30002-6(MiAaPQ)EBC668106(EXLCZ)99267000000005552820070621d2007 uy 0engur|n|---|||||txtccrMicrofinance and public policy outreach, performance and efficiency /edited by Bernd Balkenhol1st ed. 2007.New York Palgrave Macmillanc20071 online resource (288 p.)International Labour Organization (ILO) Century SeriesDescription based upon print version of record.1-349-36133-X 0-230-54702-8 Includes bibliographical references and index.Cover; Contents; List of Tables; List of Figures and Boxes; List of Abbreviations; Acknowledgements; Foreword; Notes on Contributors; Part I: Introduction; 1 Efficiency and Sustainability in Microfinance; 1.1 Promise and achievements; 1.2 Efficiency in the microfinance literature; 1.3 Efficiency: the concept; 1.4 Applicability of efficiency concepts in microfinance; 1.5 Efficiency versus financial sustainability; 1.6 Structure of the book; Part II: Conceptual Framework; 2 Poverty versus Inequality; 2.1 Introduction; 2.2 Defining and measuring poverty2.3 How microfinance can help reduce poverty2.4 Poverty reduction and financial performance; 2.5 Can microfinance reach the poor?; 2.6 The harmful side-effects: increased disparities; 3 Poverty Reduction through Microfinance: A Capability Perspective; 3.1 Introduction; 3.2 Who are the poor? What are the issues?; 3.3 Positive mechanisms; 3.4 Negative mechanisms; 3.5 A capability perspective; 4 Achieving Poverty Outreach, Impact and Sustainability: Managing Trade-offs in Microfinance; 4.1 Introduction: combining social and financial objectives; 4.2 Trade-offs; 4.3 Managing trade-offs4.4 Conclusions5 Smart Subsidies; 5.1 Introduction; 5.2 Subsidies and microfinance; 5.3 Valuing subsidies; 5.4 'Crowding in' and 'crowding out'; 5.5 Conclusions; Part III: Empirical Analysis; 6 Efficiency in Microfinance Institutions: An Application of Data Envelopment Analysis to MFIs in Peru; 6.1 Introduction; 6.2 Previous research on MFIs' performance evaluation; 6.3 Performance analysis methodology; 6.4 Data sources and variable construction; 6.5 Efficiency analysis with the DEA model; 6.6 Conclusions; 7 Efficiency in Financial Intermediation: Theory and Empirical Measurement7.1 Introduction7.2 Interest spreads and credit rationing: theory; 7.3 Interest spreads and credit rationing: cross-country evidence; 7.4 Decomposing spreads; 7.5 Explaining spreads; 7.6 Conclusions and policy lessons; 8 Efficiency Drivers and Constraints: Empirical Findings; 8.1 Introduction; 8.2 Methodology; 8.3 The data; 8.4 MFI clusters; 8.5 Performance drivers and constraints; 8.6 Conclusions; 9 Measuring the Performance of MFIs: An Application of Factor Analysis; 9.1 Introduction; 9.2 The data; 9.3 Factor analysis: theory and practice; 9.4 Cluster analysis9.5 Assessing what determines performance9.6 Conclusions; Part IV: Selected Country Studies; 10 Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Mali; 10.1 Introduction; 10.2 Domestic contextual factors: institutions, state and markets; 10.3 External factors: the implications of subsidy withdrawal; 10.4 Conclusion; 11 Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Morocco; 11.1 Introduction; 11.2 Institutional context; 11.3 Support by banks; 11.4 Subsidies; 11.5 Conclusion12 Contextual Factors Determining Poverty Outreach and Financial Performance: The Case of Eastern Europe and Central AsiaMicrofinance institutions (MFIs) provide a public good; if MFIs create and deepen markets where none existed before, there may be a case for public support. This book is based on a study of 45 MFIs, and applies factor analysis and cluster analysis to show that MFIs form clusters in terms of social and financial performance.International Labour Organization (ILO) Century SeriesMicrofinanceDeveloping countriesCase studiesMicrofinancePovertyDeveloping countriesCase studiesSmall businessDeveloping countriesFinanceCase studiesMicrofinanceMicrofinance.PovertySmall businessFinance332Balkenhol Bernd791991MiAaPQMiAaPQMiAaPQBOOK9910172229503321Microfinance and public policy4204238UNINA